Are Qualified Opportunity Zones Favorable for Self Storage Investment?

By now, most commercial real estate investors have heard the term “Qualified Opportunity Zone,” even if they aren’t fully aware of the advantages this program provides. Qualified Opportunity Zones (QOZ) exist in financially distressed communities to foster economic growth and improve neighborhoods, while delivering incentives in the way of under market properties and preferential tax ...
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Self Storage Will Remain Strong in 2021

Approximately one year ago, this country faced a corona virus outbreak that morphed into a global pandemic. It not only resulted in worldwide sickness and some loss of life, but had a  severe economic impact on the U.S. The imposed lockdowns forced the closing of restaurants and what were deemed as non-essential businesses, prompting the ...
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Self Storage Property Renovation Trends

The self storage industry didn’t altogether make its presence known until the mid-sixties. It was born in 1964 in Odessa, Texas, out of the need for the oil industry to have convenient access to tools and equipment. The very first self storage facility with garage-style doors was built by Russ Williams and his stepson, Bob ...
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PINNACLE STORAGE PROPERTIES ANNOUNCES THE ACQUISITION OF STORAGE PLUS OF MINERAL WELLS AND STORAGE PLUS OF STEPHENVILLE

Houston, TX – December 2, 2020 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of two more Texas self storage properties, Storage Plus of Mineral Wells and Storage Plus of Stephenville. These properties represent the 23rd and 24th additions to the Pinnacle portfolio. Storage Plus of Mineral Wells, formerly Security Storage ...
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PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ADDITION OF BILL LIERMAN AS CONSTRUCTION PROJECT MANAGER

Houston, Texas, November 20, 2020 – Rapidly expanding Houston, Texas-based Pinnacle Storage Properties is excited to announce the addition of Bill Lierman as Construction Project Manager. Bill will be responsible for managing all phases of construction, including planning, design, cost estimation, and process, as well as budget stewardship, including cost reporting, cost breakouts, draw requests, ...
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Investing in Self Storage: What You Need to Know to Make a Wise Decision

When you invest in self storage, you put your money to work so that you can make more money. That’s a simple concept, but you need to remember that investments involve risk. You don’t have a crystal ball or a set of tarot cards to help you magically eliminate that risk. But, you do have ...
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PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ADDITION OF SHERRIE LeCRONE AS INVESTOR COMMUNICATIONS COORDINATOR

Houston, Texas, November 10, 2020 – Rapidly expanding Houston, Texas-based Pinnacle Storage Properties is pleased to announce the addition of Sherrie LeCrone as Investor Communications Coordinator.    Sherrie’s responsibilities will include oversight of communications with130 active investors representing $28MM throughout Pinnacle Storage Properties’ portfolio. She will be the primary point of contact for quarterly investor reports, ...
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An Overview: Refinance Your Commercial Real Estate Loan and Get the Best Deal From Your Lender

Typical motivations for refinancing a commercial real estate loan vary from the desire to stabilize monthly payments, release equity from the property or derive tax benefits. Whatever the reason, the aim is to know when refinancing makes sense. When to Refinance A sound business strategy is to refinance when rates are low, but this is ...
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The Advantages of Outsourcing Your Marketing Services

As a busy entrepreneur, you need time to focus on what you do best:  operating your business, hiring the right people, and building relationships with clients and vendors. You know you need to  boost your marketing efforts, but spending time and money hiring and training a marketing staff is not on your radar right now. ...
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PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ADDITION OF BRUNO MARQUEZ AS FINANCIAL AND OPERATIONAL ANALYST

Houston, Texas, October 19, 2020 – Rapidly expanding Houston, Texas-based Pinnacle Storage Properties is pleased to announce the addition of Bruno Marquez as Financial and Operational Analyst.    Bruno will be responsible for keeping a pulse on the financial well-being of 25+ operating businesses owned and operated by Pinnacle Storage Properties. He will underwrite prospective storage ...
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