Developers Seminar

Wednesday, March 16, Noon-5 p.m.
Location: Champagne 1
Presented by RK Kliebenstein, President, Coast-To-Coast Storage

Interested in developing a new self-storage project or expanding an existing business? This detailed, cutting-edge workshop is a must-attend for you. In response to changing market conditions, this year's Developers Seminar has been revamped to include the most recent information relative to self-storage development and state-of-the-art tools that dig deep into project feasibility.

The workshop begins with a strong overview of the industry and self-storage construction. Then our presenter rolls up his sleeves and delves into actual project scenarios using sophisticated on-screen economic modeling. Attendees will actually "build" a self-storage project in class, running through if-then situations and seeing how specific changes affect the dynamics of a project's viability and profitability. For example, what happens if:

• Construction costs go up 10 percent?
• Land costs are reduced $1 per square foot?
• It takes six months longer to achieve stabilized occupancy?
• Rental rates are reduced 10 percent?
• Discounts increase by two weeks free with each rental?

Attendees will be able to see how a project changes in these scenarios and many others. You'll learn how these modifications influence the internal rate of return, cash-on-cash return and developers' yield. If you're looking to develop a self-storage facility, you must understand these fundamentals. Get the know-how you need to get started in the business―or avoid a bad investment!