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IN THE NEWS
How Residential Trends Are Impacting Self-Storage
June 23, 2016 – GlobeSt.com
IRVINE, CA—Positive residential and multifamily trends have been aids to the strong occupancy and rental growth the storage industry has experienced for several years, Talonvest Capital Inc.’s principals Jim Davies and Tom Sherlock tell GlobeSt.com. The boutique self-storage andcommercial real estate advisor recently funded $52.5 million of self-storage loans throughout the US on behalf of multiple clients. We spoke exclusively with Davies and Sherlock about how residential and multifamily trends are affecting the self-storage sector and other ways the sector is changing. More here.
$52.5 Million of Storage Financings Negotiated by Talonvest Capital
June 09, 2016 – Yahoo Finance
Talonvest Capital, Inc., a boutique self storage and commercial real estate advisor serving clients throughout the United States, is pleased to announce the recent funding of $52.5 million of self-storage loans throughout the U.S. on behalf of multiple clients.
Successful assignments included the following:
- $12,350,000 refinance loan secured by a Class A, 98,500 NRSF self storage facility located in Lisle, IL. This non-recourse, cash out loan was funded by a CMBS lender on behalf of U-Stor-It.
- $18,650,000 non-recourse refinance and acquisition loans for The William Warren Group secured by four properties located in AZ, CA, and HI. A national bank provided individual, fixed rate loans, with 3-5 years interest only and capped reserves.
- $5,600,000 life company loan secured by a 63,000 square foot store located in Valencia, CA. The non-recourse, fixed rate loan featured an early rate lock and a 10 year term for the private family ownership entity.
- $15,875,000 acquisition financing for two facilities located in New Haven, CT and Port Chester, NY totaling 115,000 NRSF in 2,000 units. The 10 year, fixed rate loans featured 5 years of interest only and were funded on behalf of The William Warren Group. More here.
Self-Storage Finance Firm Talonvest Receives Corporate Award From Ronald McDonald House
April 22, 2016 – Inside Self Storage
Talonvest Capital has received the Top Corporate Fundraising Award for the second year in a row from the Orange County, Calif., chapter of Ronald McDonald House. The company made a direct annual donation to the organization in addition to rallying capital providers, clients, family and friends to donate. Self-storage companies that helped the cause included Clark Investment Group, Devon Self Storage, North American Self-Storage Group More here.
Self-Storage Finance Firm Talonvest Closes $474M in Capital Transactions in 2015
February 17, 2016 – Inside Self Storage
Talonvest Capital Inc., a boutique real estate adviser and finance firm serving the self-storage industry, arranged a company-record $474 million in storage-related financing in 2015. Transactions involved 93 self-storage facilities across the United States and included an array of lending options, according to a company press release.
Transactions were split fairly evenly across the nation, with 54 percent occurring in the western states and 46 percent in the East, according to Krystyn Jones, a Talonvest underwriter who also coordinates the company’s marketing. Although deals completed in the first half of the year slightly outpaced those in the last six months, business flowed fairly consistently throughout the year, she said. More here.
Summiting the Peak
January 10, 2016 – SSA Globe
2016 Economic Summit to be Held in Dallas.
The SSA will address the most current economic issues facing the industry at the Self Storage Economic Summit, at the Hyatt Regency in Dallas, Texas. The Summit will coincide with the SSA Spring Conference & Trade Show, which runs March 30 – April 1.
Talonvest Capital has signed on as lead sponsor and emcee for the event, which will showcase speakers and panels addressing such issues as operational strategies, recent sales, buyer acquisition strategies, changes in the capital markets and other key economic issues. More here.
Tom Sherlock Q&A: What the fed hike means for self-storage loans
January 4, 2016 – SpareFood StorageBeat
Talonvest Capital Inc., a boutique real estate adviser and finance firm serving the self-storage industry, arranged a company-record $474 million in storage-related financing in 2015. Transactions involved 93 self-storage facilities across the United States and included an array of lending options, according to a company press release.
Transactions were split fairly evenly across the nation, with 54 percent occurring in the western states and 46 percent in the East, according to Krystyn Jones, a Talonvest underwriter who also coordinates the company’s marketing. Although deals completed in the first half of the year slightly outpaced those in the last six months, business flowed fairly consistently throughout the year, she said. More here.