Ziff Properties Converts Lexington, KY, Warehouse to Self-Storage

Real estate developer Ziff Properties Inc. has acquired the former Golden Burley Tobacco Warehouse in downtown Lexington, Ky., which it intends to convert to self-storage. The 3.5-acre property at 574 Angliana Ave. is just over a mile from the University of Kentucky, according to a press release. Once the renovation is complete, the facility will comprise 103,500 square feet of …

Global Self Storage Inc (SELF) Shares Sold by Financial & Investment Management Group Ltd.

Financial & Investment Management Group Ltd. decreased its stake in Global Self Storage Inc (NASDAQ:SELF) by 19.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 369,452 shares of the financial services provider’s stock after selling 88,912 shares during the quarter. Financial & Investment Management Group Ltd. owned …

CRE Investors Step Back from Hotel Acquisitions

It’s hard to imagine how things can get much better for the U.S. hotel sector, and that can make it surprisingly difficult for investors to find acquisition deals that make sense. “Right now, we are in the strongest occupancy environment ever recorded,” says Jan D. Freitag, senior vice president of lodging insights for research firm STR, based in Hendersonville, Tenn. …

Co-Working Not a Huge Challenge to Office REITs

To be sure, WeWork—the giant of the nascent co-working sector—is gobbling up office space at a rapid clip around the country. Recent data from research firm CoStar Portfolio Strategy LLC shows WeWork has claimed more than 12.5 million sq. ft. across the U.S., with the New York City market representing 37 percent of its nationwide footprint. An example of WeWork’s …

Using SEO Strategy to Improve Online Visibility for Your Self-Storage

Consumers who are searching for self-storage online aren’t doing research months in advance. In fact, data indicates that 45 percent of prospective renters haven’t begun looking for a place to store their belongings even a month before they move. On moving day, 11 percent still haven’t leased a unit! This means facility operators need to implement sound search engine optimization …

5 Key Performance Indicators That Enhance Self-Storage Facility Value

In the self-storage industry, some owners invest for the long term while others have a much shorter exit strategy. There’s no one-size-fits-all formula to success; however, there are some principles all owners can follow to generate strong yields and, therefore, higher facility values. To keep your business financially sound, pay attention to the following key performance indicators. I’m starting with …

SWIB buys 20% stake in self-storage portfolio for $170m

State of Wisconsin Investment Board (SWIB) has bought a 20% stake in a US self-storage portfolio via a Heitman managed co-investment vehicle. The pension fund said in a board meeting document that it invested $150M as part of a total of $520M in real estate commitments made during the third quarter of the year with Heitman Storage Partners Co-Investment. SWIB told …

Blockchain Real Estate | Cryptocurrency in Real Estate

At Consensus 2018 — a conference where cryptocurrency die-hards convened to plot the future of blockchain — two pioneers in the budding industry battled over whether the encrypted database technology had a future at all. Bitcoin enthusiast and entrepreneur Jimmy Song faced off onstage against Joe Lubin, the soft-spoken co-founder of Ethereum, one of the more popular platforms for creating …

What Every Real Estate Investor Should Know About Cost Segregation

Cost segregation studies, or cost segs, have been a widely used accounting tool by real estate investors as a way to preserve capital and realize significant tax benefits through accelerated depreciation, asset reclassifications and easier write-downs when assets are disposed of. However, with tax reform, many investors are asking whether or not cost segs will continue to benefit them. “The …

Making the Most of Your Investments

You work hard for your money, so you understandably want your money to work hard for you in return. Investing your money thoughtfully can help you to expand your portfolio and net worth tremendously over the years. However, many investors do not maximize their investments for superior gains because of various oversights or mistakes. If you are looking for a …

A New Non-Traded REIT Has Entered the Market. Its CEO Discusses CRE

Single-family office Casoro Capital Partners LLC has given birth to a non-traded REIT called Upside Avenue. The new REIT will invest in income-producing multifamily, seniors housing and student housing assets across the country, says Yuen Yung, CEO of Austin, Texas-based Casoro Capital. With a minimum buy-in of $2,000, accredited and non-accredited investors around the globe can participate in deals alongside …