The BSC Group is pleased to announce the closing of a $5.0MM CMBS loan that was used to refinance a self-storage property in Chandler, AZ. The borrower was able to capitalize on the low interest rate environment by locking into a 10 year fixed rate nonrecourse loan at 3.69%. The loan was underwritten at ~60% …
Motili’s technology platform allows storage property owners and operators easily manage HVAC and hot water equipment through planned and unplanned repair and replacement projects. All aspects of the job from scheduling to ordering equipment to invoicing, are handled by Motili, making it the single point of contact for all storage property maintenance and equipment replacement …
How well do you understand rate trends in your market? What impact is new supply having on your business? If you are competing against the top operators, is your business ready to react to sudden market changes? These are some of the many challenges small operators are currently facing. As a smaller operator, you must …
What is economic occupancy? Your storage facility’s economic occupancy rate is one of the most important metrics of your business. Economic occupancy shows your current income per month compared to your potential income per month. Unlike unit and square foot occupancy rates, economic occupancy rate tends to fall behind due to discounts. Any time you …
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