Yellowstone Investments, LLC
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  • Acquisitions
    • 2014 Acquisitions >
      • LockTite - Deer Park
      • LockTite - Pasadena
      • LockTite - Wimberley
    • 2012 Acquisitions >
      • LockTite - Dripping Springs, Austin, TX
      • LockTite - Lakeline, Austin, TX
    • 2011 Acquisitions >
      • LockTite - Seguin: Storage and Office Center
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  • Why Self-Storage?
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  • 2014 Acquisitions

Self Storage is a very attractive real estate asset.


Can be purchased at reasonable cash flow valuations

Not capital intensive
•  Long lived buildings with low maintenance cost
   •   Lease turnover requires little landlord capital spending, unlike other real estate assets:
       •   Tenant improvement allowances and leasing commissions (office, retail, industrial)
       •   Refurbishment costs (apartment)

Consumer and Business Tenants
   •   Short term leases
       •   Raise rents at tenant turnover
       •   Raise rents to existing tenants at CPI or greater
   •   Consumers have emotional connections to storage
   •   Businesses achieve profitability gains with Storage

Effective Management Correlates to Profitability
   •   Direct marketing to consumers and businesses
   •   Customer service produces results
   •   Efficient technology improves customer relationships

Competitive cash returns, not a long-term land play