There’s an Old Saying that Applies Here

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 [...]

By |2013-03-05T09:00:57+00:00March 5th, 2013|Real Estate, Self Storage, Value|Comments Off on There’s an Old Saying that Applies Here

Self Storage Self Respect

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 [...]

By |2013-03-04T09:00:56+00:00March 4th, 2013|Real Estate, Self Storage, Value|Comments Off on Self Storage Self Respect
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