A-Rated Facilities Outperform: The pandemic’s impact on the economy resulted in variable transaction volume across property classes. Nationwide, sales activity for Class A self-storage properties fared substantially better than both B and C rated facilities. During the first nine months of 2020, the total amount of self-storage transactions shrunk by 16.3% y/y for Class A […]
Proposed Taxes for Individuals Earning $400,000+ Last week’s Quarterback discussed potential 1031 exchange and other commercial real estate tax changes under the Biden presidency. This week’s Quarterback will further describe tax changes important to self-storage owners, specifically taxes for high-income earners.
Biden’s Tax Proposals and 1031 Exchange in Jeopardy With Democrats taking control of the executive and legislative branches, there is an increased likelihood that Biden’s tax proposals will become law. According to the Committee for a Responsible Federal Budget, his tax plan could collect $3.35-$3.67 trillion in the next ten years, equal to ~1.3% of […]
“Not Where We Want to Be” Since December 14, over 4.2 million people have been vaccinated, far short of Trump’s goal of 20 million by the start of this year. The U.S. has averaged “about 500,000 [vaccinations] a day,” explained Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. While “not […]