Nov 13, 2023
What clever ways can investors repurpose old buildings into profitable self-storage facilities?
Angel Williams interviews self-storage expert Tom Dunkel about acquiring and converting old buildings into lucrative self-storage facilities. They discuss ways investors can add value to existing properties as well as capitalize on excess parking and land.
With a background in corporate finance and nearly 30 years of real estate and investment experience, Tom Dunkel brings extensive knowledge and expertise to Belrose Storage Group.
Growing the company from a start-up to a world-class organization, Tom has specialized in discounted asset opportunities nationwide since 2006. His financial savvy, open communicative manner and integrity have helped alternative investors achieve their wealth-building goals.
Tom is the Chief Investment Officer (CIO) of Belrose Storage Group - a seasoned team of real estate investment professionals that specializes in acquiring underperforming self-storage facilities in the Northeast, South, and Midwest U.S. and turning around their performance to achieve high-teens, tax-advantaged returns to its high-net-worth investor partners in a condensed time frame of 2-3 years.
(00:02:00 - 00:05:15) Understanding the Self-Storage Industry
(00:05:15 - 00:10:00) Construction and Design Considerations
(00:10:00 - 00:21:00) Parking and Security Enhancements
"The higher your net operating income at a facility, the higher the valuation is going to be." - Tom Dunkel
"There's a lot of creativity going on in the self-storage world these days." - Tom Dunkel
Connect with Tom:
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