Self Storage Resists Recession:
Appraisal Institute Book
CHICAGO (Oct. 29, 2012) - Self storage has proven to be resistant to recession due to its lower declines and default ratios as compared to other types of real estate, according to a new book by the nation’s largest professional association of real estate appraisers.
“Self Storage Economics and Appraisal,” published this week by the Appraisal Institute, explains the growth of this asset class and examines the unique characteristics of this property type. Several different self storage properties and markets are discussed in case studies to help appraisers understand the tools needed to perform accurate self storage property analysis.
“Self storage has evolved from an interim property use to a core asset in the real estate industry,” Appraisal Institute President Sara W. Stephens, MAI, wrote in the book’s foreword. “Investment capital in this unique asset class has increased significantly, and self storage property has performed well despite the economic recession.”
“Self Storage Economics and Appraisal,” by author R. Christian Sonne, MAI, covers how to develop the sophisticated analyses needed to assist investors, lenders, developers and owners in their self storage investment decision making. Extracts from sample appraisal reports are provided to illustrate the appropriate discussion of self storage properties.
“Self Storage Economics and Appraisal” (ISBN: 978-1-935328-30-8) is a 108-page soft cover book. It is available for $50 ($40 for Appraisal Institute members). Click here or call 888-756-4624 to order.
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The Appraisal Institute is a global membership association of professional real estate appraisers, with nearly 23,000 members in nearly 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. Learn more at www.appraisalinstitute.org.