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Picture of Self-Storage Retrofitting: Post-Construction Considerations and Case Studies

Self-Storage Retrofitting: Post-Construction Considerations and Case Studies

This session covers some of the special issues with self-storage conversion projects, including post-construction regulatory issues, pro forma vs. actual results, financial risks, pitfalls and much more.

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Speaker: Lewis Pollack, Managing Principal, StoreSmart Development LLC
Format: MP3 and PDF
Duration: 38 minutes

Self-Storage Retrofitting: Post-Construction Considerations and Case Studies
Retrofitting an existing property to self-storage can be challenging work. Though conversion often opens new avenues of development, there are special considerations for evaluating a retrofit opportunity and completing the construction. Our presenter discusses pitfalls to avoid, the financial risks involved, and construction issues you can expect to face during the process including fire district, signage, infestation and tax appeals. By way of example, he draws on details and operating performance from four recently completed retrofit projects, including suggestions that would have helped these operators accelerate their lease-up. He talks about pro forma vs. actual results, and what these results might mean for future project projections.

You will learn:

  • Special issues associated with retrofits
  • Post-construction regulatory issues: fire district, signage, infestation, tax appeals
  • Compendium of results: pro forma vs. actual
  • The financial risks involved in attempting a retrofit
  • What these results mean for your future project projections

NOTE: This audiocast will be delivered to your “My On-Demand Library” in a downloadable zip file folder. Your folder will contain an MP3 audio file of your purchased session, along with a PDF of the matching presentation slides provided by the speaker.