The BSC Group Closes $31 Million Acquisition Financing Package Despite Pandemic Lending Market Volatility The BSC Group, a Chicago based self-storage and commercial real estate financing advisor, has closed a $31MM CMBS loan for the acquisition of an 8 property self-storage portfolio located in Memphis, TN. The portfolio is comprised of roughly 3,500 units and …
As we have been navigating through a global pandemic and a financial crisis, the economic landscape continues to evolve. In speaking with industry expert Chris Sonne recently, he cited info from NAREIT that indicates that the self-storage industry has historically outperformed all other types of commercial real estate including apartments, industrial, office, retail and hotels. …
How the Lending Environment has Adapted to Recent Events Read More »
Four Actionable Steps to Strengthen Your Business Operators faced a number of challenges at the onset of 2020. Several years into the largest development cycle in the history of self-storage , the industry was staring down the barrel of an oversupply issue. As it always does, oversupply brought with increased competition and downward pressure on …
Interest in cloud-based software has surged in recent years, attracting businesses of different sizes and across industries. Operations are eager to make the migration to cloud-based solutions because they offer convenient benefits that can’t be acquired through traditional, PC-based versions. In terms of self-storage, the transition to a cloud-based access control software solutions offers operators …