III-2024: Are These the Good Times?

It certainly appears to us that there may be some real opportunities for experienced self-storage owners to pick up some nicely priced, quality built, well-occupied properties, earn a handsome cash on cash return, and yet have significant upside potential when the market improves. However, it is not a time for amateurs! You really need to understand the self-storage business to be sure that the underlying business value is there.

II-2024: What’s Next for Self-Storage?

The turbulence in the capital markets and general economic uncertainty over the last year had many self-storage operators adjusting their tactics to maintain occupancy and revenue.  This month, Ben Vestal shares some strategies that the industry’s most sophisticated operators have employed during these difficult times and ways that smaller operators can keep pace with the ever-changing operational landscape.

I-2024: Cautious Optimism Leads the Way!

The new year has brought a feeling of cautious optimism to the self-storage investment market. What remains to be seen is how the uncertain debt markets and a return to more historical performance levels will impact self-storage valuations in the coming year. Click below to read more about the outlook for 2024!

XII-2023: Where Are We Headed in 2024?

We have finally reached the end of the roller coaster ride that was 2023.  This month, Ben Vestal shares what we learned this year and how the self-storage investment market is shaping up for 2024. We wish you all the best this holiday season!

XI-2023: Three Things to be Thankful For

This time of year, we find ourselves reflecting on the things we are most grateful for and the people that mean the most to us. Argus Self-Storage Advisors is made up of more than 500+ self-storage professionals across our management and investment sales platforms who have been helping our friends, colleagues and clients navigate the self-storage management and investment market for the last 29 years.  

X-2023: It’s Time to Find a Chair!

The uncertainty of the real estate markets has many self-storage investors wondering when the music is going to stop, bringing an end to the high prices and available financing that we have enjoyed in recent years. This month, Ben Vestal examines the causes of this recent market turmoil and offers advice to self-storage owners and investors on which “chair” might be the best option for you to protect and maximize your value.

IX-2023: Pricing Discovery Amid Market Uncertainty

Recent market turmoil has many self-storage investors questioning how values are being calculated today. In this Market Monitor, Ben Vestal explains what factors are driving values today and how the profile of the buyer can dramatically impact the market value. Click below to read more about the nuances of valuation in the current self-storage market.

VII-2023: The Rich get Richer!

Public Storage, a leading provider of self-storage solutions, recently announced its $2.2B acquisition of Simply Self Storage from Blackstone. The deal, which was finalized this month, marked a significant milestone for both companies and has far-reaching implications for the ever-expanding self-storage market.  This deal is a counter punch to the $11B Extra Space acquisition of Life Storage announced earlier this year.  With this strategic purchase of Simply Self Storage, Public Storage continues to solidify its position as a dominant player in the sector, allowing it to tap into new markets and broaden its customer base within the Simply Self Storage portfolio.  This deal is no surprise to self-storage professionals; the self-storage industry remains a strong segment within the real estate investment market and the acquisition of Simply Self Storage may just be the beginning of Public Storage’s continued consolidation of large industry participants.

VI-2023: Preparing for Change in Uncertain Times

Change and uncertainty go hand in hand, whether it’s looming inflation or the impact of rising interest rates, the stability of the economy is in question and creating uncertainty. Today, many are adopting a “wait and see” policy when it comes to evaluating the market for self-storage investments. We know that the three biggest risks to your self-storage value and the overall industry are interest rates, cap rates and overbuilding. These risks have been looming in the background for years, but as our economy will inevitably change, so too is the likelihood that these risks will have a meaningful impact on the value of your investment.

V-2023: The State of the Self-Storage Investment Market

As we approach the midpoint of 2023, self-storage investing continues to be a very compelling opportunity, offering attractive returns and a steady income stream. Self-storage investments have gained popularity due to their resilience in economic downturns and the public’s continued demand for storage space. It is clear that as the overall economy and capital markets continue to be volatile, the self-storage investment market may be bumpier that we once thought. However, performance remains strong.

IV-2023: Self-Storage Market Trends

Over the last two months the industry has gathered at two national self-storage meetings and in my 20-year career I have never seen a market that is more unsure of the direction it is heading. The self storage market is a classic tale of two cities. There are both headwinds and tailwinds, making it challenging to predict the future. Below I have outlined some self-storage trends to help you identify your next opportunity.

III-2023: Who is Swimming Naked?

The uncertainty of the financial markets over the last 30 days has had everyone on pins and needles waiting for the next shoe to drop, and it is clear that the recent bank failures have yet to fully work their way through the system, and may only be the tip of the iceberg.  One certainty is that the value of self-storage properties is changing as equity providers and investors are looking for appropriate risk-adjusted returns and safe havens.  The main take away from our most recent market participation is that there are still very willing buyers in the market, but the question is whether they are REAL and ABLE to execute.