Self-Storage Facility Due Diligence…Do the Due

Most experienced self-storage facility buyers understand that due diligence has to be completed prior to the purchase of a property. But, what exactly is meant by the term “due diligence”? According to Dale Eisenman of Midcoast properties, “due is defined as reasonable, just, regular and sufficient. Diligence is defined as prudence, attentiveness and care. Used ...
Read more

Underwriting Self-Storage Properties

Underwriting is the process used to determine the financial feasibility of an event such as the acquisition, refinance, recapitalization, construction, or expansion of a property. This process is integral to any real estate transaction and the product of the underwriting will be a primary decision making factor for every party involved, from the operator, to ...
Read more

Give Your Rundown Self-Storage Property a Face Lift

During a house hunting quest, did you ever pull up to a property that looked like a scene from Animal House? My guess is that you kept right on driving…to an attractive property with a well-tended look. Think about this in terms of self-storage. Does your facility look like John Belushi’s choice for self storage? ...
Read more

What You Need to Know About Self Storage Revenue Management

In the last five years the self-storage industry has seen significant growth. The market has shown an increase in the number of facilities, along with continuing shifts in conditions. Combined with multiple industry variables, these factors, if not managed properly, can have an adverse effect on profitability. The evolution in market conditions means that revenue ...
Read more

Explore the Financing Options for a Self-Storage Loan

If you’re a first-time buyer of a self-storage business, you’ll want to explore your financing options. The best rates will come from traditional bank loans and SBA loans, but they can take an excessive amount of time to fund. If you need to close quickly, you may want to look at some alternatives.  Self-storage loans ...
Read more

PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ADDITION OF SCOTT BURGESS TO ITS EXECUTIVE TEAM

Houston, Texas, November 4, 2019 – Rapidly expanding Houston,Texas-based Pinnacle Storage Properties is excited to announce the addition of Scott Burgess as VP of Finance and Accounting. His responsibilities will include all finance and accounting functions. He will assist with the production of Pinnacle’s month-end and quarter-end reports for both internal and external users, and ...
Read more

A New Platform for Self-Storage Investors

Pinnacle Storage Properties has committed to list more than $100 million in storage assets on Earn.re, a blockchain platform for commercial real estate financing designed to connect lenders and accredited investors directly with project sponsors.  To understand blockchain, you have to first understand the fundamentals of tokenization (sometimes called cryptocurrency) and blockchain technology.  What is ...
Read more

Small Operators Can Compete With REITs

In today’s ever-evolving self-storage climate, smaller operators have to compete with larger, better capitalized companies. With the advantage of better capital comes a substantial marketing budget, more locations, and a sizable management staff. How do the smaller operators adjust to be able to compete in this market? To understand the self storage market you must ...
Read more

Pinnacle Storage Properties Announces New Market Venture with the Acquisition of Five West Coast Properties

Houston, TX –August 21, 2019 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of five west coast self-storage properties.  Storage Plus of Centralia Fords Prairie, Storage Plus of Centralia Gold, and Storage Plus of Kelso, located in Washington; as well as Storage Plus of Roseburg and Storage Plus of Winston, both ...
Read more

Pinnacle Storage Properties Announces the Acquisition of Two New Texas Properties

Houston, TX – August 13, 2019 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of two more Texas properties, Storage Plus of Bellville and Storage Plus of Spicewood. These properties represent the 19th and 20th additions to the Pinnacle portfolio.  Storage Plus of Bellville, formerly AAA Storage, located at 12085 Highway ...
Read more