Picture of Planning Your Self-Storage Exit Strategy: Options for Facility Owners

Planning Your Self-Storage Exit Strategy: Options for Facility Owners


This webinar will teach you some approaches to planning your business exit strategy, including when to divest yourself from the asset, determining when to sell and considerations for succession planning.
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$18.95

 
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Instructors: John Gilliland, CEO, and John Barry, vice president, brokerage division, Investment Real Estate LLC
Duration: 1 hour, 2 minutes

Planning Your Self-Storage Exit Strategy: Options for Facility Owners
All self-storage owners will be sellers some day, whether they want to or not. Whether you’re new to the industry, already an owner or actively planning to sell your storage business, this presentation will teach you some approaches to planning your exit strategy, including when to divest yourself from the asset, determining when to sell, and considerations for passing the business to an heir. Planning your exit strategy involves more than getting a good price. How you prepare will affect your sale price, lifestyle, family and retirement.

You will learn:

  • Important considerations for divesting yourself of a self-storage asset
  • Determining how long to keep your asset and the best time to sell
  • How to maximize the value of the asset
  • Preparing for buyer due diligence and obstacles that can kill a deal
  • Tax considerations
  • Passing the asset on to heirs
  • Weighing debt issues and cash flow vs. sale proceeds
  • Other options: reinvestment, 1031 exchange, third-party management, buy/sell agreements, UPREIT shares