Bancap Self Storage Group Passes $750 Million Sales Milestone
(PRWeb) March 28, 2007 -- Bancap Self Storage Group, Inc., the "#1 Self Storage Broker in California," recently announced that it had surpassed $750 million in total sales of self storage investment properties.
"We've seen huge changes in this business. Self storage properties used to look like a row of garages, now they often look like high-end department stores," says Dean L. Keller, Co-Founder and President of Bancap Self Storage Group. "But the one constant is that people in the business really love owning self storage properties."
Founded in Long Beach, California in 1984, Bancap Self Storage Group started as a division of a local real estate company. After meeting self storage industry pioneer, Don Temple, in the local Rotary Club, Bancap principals teamed up with him to form a new business. The group went on to purchase, develop, syndicate, and operate several self storage facilities.
Seeing the untapped potential of the still young self storage market, Keller developed the company into a diversified real estate service company specializing in the self storage industry. The company offered brokerage, consulting, investment and property management services for self storage owners and investors.
By the early 1990's, the company shifted its focus exclusively to self storage brokerage services. Since that time, Bancap has brokered transactions in every market in California and at every price range -- from individual properties to large multiple property portfolios in the high tens of millions of dollars. Bancap Self Storage Group is widely recognized in the self storage industry as one of the most successful and experienced brokerage firms in the business. The company's clients include individuals, regional self storage chains, national publicly-traded companies, lenders, the RTC, and other institutional entities.
In 1997, the company established a branch office in Northern California to better serve the active Northern California market. Since that time, Carl Touhey has been the company's lead broker in Northern California and is responsible for roughly 75% of all investment grade self storage properties brokered in the region.
"With the amount of equity and debt available for self storage at an all time high, demand for this unique type of real estate continues to be extremely strong." Keller says, "I get calls every day from people who want to buy. First time developers and established players all want to acquire more self storage properties. The only problem is very few owners want to sell. But whether they sell now, next year or ten years from now doesn't matter to us. We've been doing this for over twenty years and expect to be serving our clients for decades to come."
For more information contact Bancap Self Storage Group at (949) 888-5355 or visit the company web site at www.bancapselfstorage.com
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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