And that old saying is, "Excess Profits Breed Ruinous Competition". I my last post I described a deal in which Arcadia Realty Trust recently sold 14 self-storage properties scattered across the New York metropolitan area to the Storage Post division of Heitman, LLC for $300 million. I did a little more digging and found the portfolio was [...]

A recent story in the Wall Street Journal described insider's surprise at a recent self-storage property deal. It seems Arcadia Realty Trust recently sold 14 self-storage properties scattered across the New York metropolitan area for $300 million to the Storage Post division of Heitman, LLC. The surprise was the capitalization rate, which was approximately 5.5%. Capitalization rate [...]