Country Blues
It’s of continuing concern to me that having just valued another provincial (smaller scale) self storage facility operated by a local estate agent, I have once again been confronted with
It’s official – Banks want to lend you money again!
In quite a few conversations I’ve had with clients and individual bankers around the country recently it is apparent that the major banks are again confirming self storage’s risk profile
Banking Blues – Part 2
Over the last several months I have needed to speak with major Banks in all of our capital cities regarding various self storage loan facilities coming due for refinance. On
Banking Blues – Part 1
I recently held a phone conversation with a major Bank property officer. He couldn’t understand why adopting an established yield return per square metre, on a strongly performing and “proven”
Agency Opportunity
Despite the current post-GFC environment going concern, Self Storage facilities are still selling (albeit in small numbers), scattered around the country. Several provincial city facilities have recently sold at yields
The Credit Crisis
I was recently speaking to the property people in four of our major banks. They each, in their own way, told me that their bank had lost its appetite for
Cap Rates 101
A capitalization (cap) rate, in simple terms, refers to the net return expected from an investment. A going-concern storage business is worth what someone is willing to pay for it
Give your banker something to smile about
Hello all; my name is Malcolm Collins and I have been consulting to the self storage industry for more than 20 years in all States and New Zealand. Other than