7 Story CubeSmart Self Storage Facility Planned for Uptown Charlotte NC

East 7th St LLC, a company affiliated with real estate developer Proffitt Dixon Partners, intends to build a seven-story self-storage facility in the Uptown area of Charlotte, N.C. The climate-controlled structure will be built on a 1-acre site at 969 E. 7th St., and comprise 90,725 net rentable square feet in more than 1,080 units. The project will also include …

First Neck Self Storage Group Raises $50M for Property Acquisitions

First Neck Self-Storage Group LLC, a joint venture between asset-management and investment-advisory firm CSM Capital Corp. and real estate investment and management company Self-Storage Capital Partners (SSCP), has raised $50 million with the intent to acquire storage properties in primary and secondary markets. The funding round will be used to buy up to $160 million in assets, according to the …

How Charleston Has Become a World-class Culinary Capital

Forget the city of old, or even five years ago. A new wave of restaurateurs, designers, and hoteliers have put the jewel of the Lowcountry on the global stage. When I was considering a move to Charleston to edit a new magazine called Garden & Gun in the summer of 2007, my wife and I went to McCrady’s restaurant, just …

Which REIT Sectors Will Outperform in 2018? | National Real Estate Investor

John Egan | Jan 22, 2018 Among REITs last year, the I’s—industrial, information and infrastructure—had it, and had it in a big way. But will those sectors repeat their great feats in 2018? Or will other sectors bypass them in terms of performance? In 2017, publicly-traded REITs in the industrial, information (aka data centers) and infrastructure sectors outperformed the other …

David Bodamer | Jan 23, 2018 For years, multifamily has been the preferred bet for agnostic commercial real estate investors. But bulwarked by the continued rise of e-commerce and changes among manufacturers and retailers to optimize supply chain management, the industrial sector is giving multifamily a run for its money. The sentiment is based on exclusive research gathered as part …

Enough with the doom and gloom. Retail real estate has bright spots

Retail isn’t just decades-old apparel brands and antiquated shopping malls. “Store closures grabbed the headlines and drove the retail apocalypse narrative in 2017 and into 2018,” said Deborah Weinswig, managing director of FGRT (formally Fung Global Retail & Technology). However, “total in-store sales continued to grow, yielding an uplift in sales densities across US retail,” she said. “Moreover, occupancy rates …

Self Storage Firm SmartStop Asset Management Expands Into Student Housing

Update 1/25/18 – SmartStop has expanded its student-housing footprint, acquiring three properties between June 2017 and January 2018. It also has an agreement to purchase three senior-housing facilities in Utah for $78.5 million. The assisted-living properties and two of the student-housing transactions are tied to the Strategic Student & Senior Housing Trust Inc. (SSSHT), a non-traded REIT sponsored by SmartStop. …

TD Self Storage Proposes Mixed Use Project for Greenville SC

TD Self Storage Enterprise LLC, a development and acquisition venture launched last year by JHM Hotels, is pursuing a mixed-use project in the West End historical district of Greenville, S.C. The four-story facility would be built on a nearly 1-acre lot at the corner of Oneal and Rhett Streets, which currently houses a Piedmont Electrical Distributors warehouse. It would include …

Leon Capital Launches Debt Capital Platform for Self Storage

Leon Capital Group, a Dallas-based real estate development and investment firm, has launched a capital platform for developers of class-A self-storage facilities. The company will provide “high-leverage,” nonrecourse construction financing up to 99 percent of the total project cost and will purchase the property upon completion, according to a press release. “Our experience in the storage industry has shown us …

Selecting A General Contractor For Self Storage Development

You are going into the self-storage business at a great time. The industry is booming and continues to grow as people learn that self-storage is a cost-effective, convenient way to keep their property safe and in good condition without the need to find space at home to put it. Finding a general contractor to assemble your new steel self-storage buildings …

The Amazon effect: Industrial real estate firm scoops up warehouse

The owner of a large East Coast portfolio of warehouse buildings just increased the size of its holdings in the city. A few months after buying three warehouses in East New York, Seagis Property Group has acquired a roughly 80,000-square-foot, single-story industrial building in Maspeth, Queens. The real estate investment firm, which also owns 42 warehouse buildings near John F. …

Avoid These Four Common Commercial Real Estate Investing Mistakes

Buying and managing investment property — be it houses, multifamily units or commercial real estate — is hard work. Owners must choose between paying to outsource and handling everything themselves. The latter can range from finding financing and performing maintenance to resolving emergencies and legal problems. All these tasks extract a price in terms of time, aggravation and mistakes for …