Four Self Storage Trends to Watch in 2021

Despite the challenges of 2020, the self storage industry has shown an ever increasing demand. According to a recently published Global Industry Analysts report the global market for self storage and moving services is estimated to be currently worth $80.8 billion. Potential investor returns are expected to grow at a rate of 6.6% year over ...
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The Best Time to Open a Self Storage Facility

You’re almost ready to open your first self-storage facility. This is an exciting time, but it’s also somewhat anxiety-producing. You’ve worked hard, and now it’s time to reap the rewards. Whether you’ve recently completed a ground-up facility or the renovation of an under-managed, under-enhanced and under-developed property , you’re probably wondering about the best time ...
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The Role of Cap Rates in Self Storage Investment

All types of individuals invest in self storage properties, and they are not all “numbers” people. Novice property owners can be mystified by the complexity of number crunching and analyses that a more experienced owner uses to buy or sell a self storage property. Nevertheless, it’s a good idea to understand some of the more ...
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PINNACLE STORAGE PROPERTIES PROUDLY ANNOUNCES THE ACQUISITION OF PINE BLUFF STORAGE

Houston, TX – January 12, 2021 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces its first acquisition in Arkansas. Pine Bluff Storage is the 25th addition to Pinnacle’s portfolio.  The property, located at 3009 W Pullen Street, Pine Bluff, AR 71601, is 40 miles from Little Rock, along the Arkansas River. It is ...
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Role of an Operations Manager in a Self Storage Business

Operating a self-storage facility requires first-hand knowledge of how a business works and how operational processes impact the day-to-day functions of your company. Operations managers require skills in the distinct areas of running your self storage business.  An operations manager has to have a fundamental understanding of revenue management, sales, marketing, hiring, lien laws, and ...
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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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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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