Real Estate Roundup: Self-Storage Transactions February 2016
Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Following are additional acquisitions and sales that weren’t covered independently due to missing information such as buyer, seller, sale price or other relevant details.
As Appetite for Storage Acquisitions Grow, Will Sellers Show?
The self-storage investment sales market continues its hot streak as it enters 2016. The sector produced another strong year of sales into 2015, and the momentum continues to build.
The Mele Group of Marcus & Millichap Q4 2015 Self Storage REIT Report
While the consensus among the CEOs remains positive, one only has to listen to the inflection in their voices to sense their uncertainty about the future. Throughout the arising uncertainty, it is fair to say that the self storage industry is currently robust and well positioned for 2016.
Marcus & Millichap Names Senior Associate/Director to National Self Storage Group
Commercial property-investment firm Marcus & Millichap has promoted associate director Luke Elliott to senior associate and director of its National Self Storage Group (NSSG). Elliott, who is also part of The Mele Group, the firm’s predominant self-storage advisory team, was also named a top agent in 2015, ranking fifth in the company’s Tampa, Fla., office and eighth overall for NSSG.
Mele Group Executives Discuss Self-Storage Real Estate Market
Michael Mele and Luke Elliott of the The Mele Group reflect on last year’s self-storage real estate market and offer insight on what’s to come in the next 12 months. They discuss storage occupancies, interest rates versus capitalization rates, and expansion into the tertiary markets by the storage real estate investment trusts. Mele is senior vice president of investments in the Tampa, Fla., office of commercial-property investment firm Marcus & Millichap and senior director of the company’s National Self-Storage Group (NSSG). Elliott is director of the NSSG.