Equity Based Services, Inc

by Troy Downing
If you build it, they will come. In the heady, cash flowing, free lending days of the first half of the decade that may have been the case, but, as we’ve all seen, the times they are a changing.So where are the opportunities today? We keep hearing the mantra “self-storage is recession proof.” [...]

by Troy Downing
There is still a lot of turmoil in the equities markets. It almost seems as if the stock market is an economic news amplifier. If there is good news, the market rises, neutral news, the market recedes, bad news and the market falls.
These movements are essentially mob-driven reactions to how the masses think [...]

by Troy Downing
There is no question that acquisitions in Self Storage Properties have slowed down in the last year. There has been very little news of the big public operators acquiring new facilities. One of the smaller newcomers, SST has been moving on some small portfolio deals, but, in general acquisitions are slow.
There are a [...]

Reactionary influences on the stock market, Stimulus effects, and Inflationary influences on the economy

by Troy Downing
I’ve been getting a few questions about how to interpret the numbers on a Schedule K-1 lately. Obviously, this is a question for a tax professional, which I am not, but, I will try to answer the basic questions of what numbers are represented on our K-1s and how to interpret them.
First off, [...]

by Troy Downing
In early 2008, MJ Partners brought us a storage deal in Palm Desert, California- Desert Country Club Self Storage.
Historically, California had been a difficult market for us to make sense of. Since we are primarily a cash flow oriented operator, and we typically leverage acquisitions between 65 and 80% of the purchase price, [...]

March 16, 2009
2:00 p.m. PST
STEVE KAPLAN, CEO, EBS: Hi, I just want to welcome everybody to the first annual Equity Based Services corporate conference call. I am proud that our company has grown to the size and status that merits a call like this. And I want to thank all the investors, team members, and [...]

by Troy Downing
It started about a year or so ago… the stock market would have a huge drop. This would be followed by a huge rally… It worked like clockwork… You could assume that if there was a huge movement in one direction, there would be a huge movement in the other direction. This volatility [...]

by Troy Downing
It is getting close to Tax Crunch Time. I know this because I can hear the gears grinding and smell the smoke from our accounting department that is diligently tackling the daunting task of preparing Tax Returns, 1099s, and Schedule K-1s for our 60 properties, 500 investors, 3 Private Equity Funds, and literally [...]

by Troy Downing
In Self Storage, Economic Occupancy is very different from unit occupancy, or occupancy by square footage. Physical occupancy isn’t really an indicator of strength. If you think about it, you could rent units for $1 a month and easily get 100% physical occupancy, but, that doesn’t do anything for your bottom line since [...]