A Statement On Ukraine from Kevin Maggiacomo, SVN President and CEO

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SVN | Miller Commercial Real Estate Represents Buyer in Multi-Property Self-Storage Acquisition Outside Athens, GA

Shoregate Partners, LLC, an Easton, MD-based investment group is pleased to announce the acquisition of a 1,130-unit, 3-property self-storage portfolio for $11,400,000.

Shoregate was represented by Brandon Heaver of SVN | Miller Commercial Real Estate, and the seller was represented by Mike Patterson of Commercial Realty Services of West Georgia. Initially, only two sites were marketed, but the buyer’s agent was able to procure a third, larger site through a creative structure that solved a financing issue encumbering the additional property.

Shoregate’s Principals have more than 20 years of combined experience managing more than 1,000,000 SF of commercial real estate between several states. The company’s hands-on approach to the evaluation, valuation, and management of assets throughout the country has led to its rapid growth over the past several years.

Shoregate is actively seeking to acquire scale in warehouse and self-storage assets throughout the Mid-Atlantic and Southeast, United States. Property owners are encouraged to reach out to Brandon Heaver at SVN | Miller Commercial Real Estate if interested in selling. Brandon can be reached at brandon.heaver@svn.com or 443.214.6376.

About SVN | Miller Commercial Real Estate:

SVN | Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, Seaford, DE, and Onley, VA is a financial services firm specializing in commercial real estate. SVN provides advisory, brokerage, consultation, leasing and asset, and property management services to clients in the Mid-Atlantic region.

For information on how to make SVN | Miller Commercial Real Estate the key to your success, contact 410-543-2440 or visit our website www.SVNmiller.com.

About SVN:

The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 1,600 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients.  SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities.  For more information, visit www.svn.com.

All SVN offices are independently owned and operated. To learn more about becoming an SVN commercial real estate business owner, visit http://www.svn.com/franchising-opportunities/.

Finding the Perfect Apartment Building

Investing in Apartments Includes Some Benefits

Apartments are the hottest class of commercial real estate and are likely to continue being hot for a while. Independent of the unique demographic and economic drivers for their success in the current post-Great Recession economy, there are a few basic truths that make them attractive:

  • Housing costs usually move up and apartment rents can be adjusted on a regular basis.
  • Vacant units are easy to re-rent with little or no cost. In fact, tenant security deposits usually pay for cleaning and repairs.
  • Excellent financing with 80 percent leverage is readily available.
  • Relatively easy appreciation through making cosmetic upgrades to increase rents.

…But Apartments Also Include Some Downsides

For many investors, though, apartments have three key problems compared with other classes of commercial real estate. They have tenants that break things, complain and fail to pay rent. Apartments have kitchens that tend to start destructive fires. Finally, they have bathrooms that leak and cause damage to surrounding units. At the same time, many cities heavily regulate apartments and, in many cases, favor tenants over landlords. These problems make apartments challenging and time-consuming to own.

Imagine, for a moment, an apartment building without tenants, kitchens or bathrooms and with little or no government oversight. All that you would have are rooms with furniture, clothing and other items in them. If you have ever owned an apartment building, you know that a building like this one would be a dream to own!

The Solution: Self Storage Facilities

In fact, the perfect apartment building is a self-storage facility. Mini-storage facilities offer a similar ownership experience to apartments but without any of the drawbacks. Because they frequently serve apartment tenants, their performance tracks the apartment industry, as well. Furthermore, modern management systems make them much easier to own than many people realize.

Read more of Solomon Poretsky’s blog posts here.

[bctt tweet=”In fact, the perfect apartment building is a self-storage facility.”]