Archive for June 2022
Closed | Easy Stor Self Storage | 06/30/2022
MARCUS & MILLICHAP ARRANGES THE SALE OF A 40,500 RENTABLE-SQUARE FOOT SELF-STORAGE FACILITY WICHITA FALLS, TX, July 21, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Easy Stor Self Storage, a 40,500 self-storage facility located…
Read MoreJune 2022 Special Report: Texas Market Overview
More Households and Companies are Calling Texas Home, Lifting Self-Storage Needs and Drawing New Investment Lifestyle changes and improving economy boost storage needs. By fostering a broad shift to remote working and enhancing population mobility, the health crisis galvanized self-storage demand across the country. The national vacancy rate fell from 10.1 percent in March…
Read MoreJune 2022 Special Report: Financial Markets
Fed Increasingly Aggressive in Effort to Curb Inflation; Rising Interest Rates Form Headwind for Real Estate Borrowers Fed executes steepest rate hike in decades. At its June 15 meeting, the Federal Open Market Committee (FOMC) raised the federal funds rate 75 basis points to a target range of 1.50 percent to 1.75 percent. This…
Read MoreCapital Marketing: To Swap Or Not To Swap- That Is The Question | June 2022 Special Report
Rising Interest Rates Place Spotlight on Interest Rate Swaps and Caps; Catapulting Forward Curves Complicate Process Tightening monetary policy highlights utility of rate swaps and caps. Commercial real estate investors have long had multiple avenues for hedging against rising interest rates. The Federal Reserve’s commitment to raising interest rates, renewed by higher-than-anticipated CPI inflation…
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