Friday, December 02, 2022

Argentina which is the ‘king’ of storage in USA, now expanding to other markets

Argentina which is the 'king' of storage in USA, now expanding to other markets

mark victoricaone of many expatriate Argentines who win America, Many years ago he became the king of storageservice used by one in 10 Americans and generating an annual return of 5,5%, It is now expanding into Latin America and entering new markets.

This entrepreneur didn’t invent storage spaces, but found a vein to bring them to market. What he did was to divide the storage buildings into units, in the same way as garages in Argentina. ace fund Best American Storage. Their model changed the concept and allowed storage units to be sold separately. US$ 20.000.

Laundering doesn’t start and real estate companies pressure to link used properties

Property buying and selling continues to improve and is projected to increase at the end of the year

it was estimated that 30 million users self Storage in the United States and there are approximately 58,000 storage buildings with an average occupancy of 96%, Only in that country does this industry invoice $39.5 billion.

with this business The investor gets a guaranteed return of 5.5% in the stable market And unlike apartments, with a low level of risk and maintenance. “The most interesting thing is that you can enter the real estate market in the United States with a small investment. We rent spaces with six-year contracts that update every two years, so this is a great way to invest. A very simple form.” ,In conversation with Victoria explains Chronicler.

Argentina Which Is The 'King' Of Storage In Usa, Now Expanding To Other Markets

mark victorica

Now it started working with the same type of units, storage buildings, in Mexico, Peru, Colombia and Chile. “In Mexico, we are going to sell through crowdfunding with a local partner and the idea is to expand it across Latin America,” explained the businessman.

,We have signed an agreement with the firm Ironman Capital Partners in Mexico and the US, specializing in consulting and supervising wealth management to promote the commercialization of storage locations under crowdfunding mode.“, gross.

how business works

“We look at storage as a commodity. What we do is buy buildings that are already in operation, we subdivide and market them. We are the ones who collect the rent. care to do. It is a very safe investmentExplained to the real estate dealer.

The investor is attracted not only by the profitability and legal certainty of the United States in dollars, but also by how easy it is to purchase a unit. “People don’t need to go to see them, unlike an apartment. Typically, multiple units are bought and then they can be sold individually.”“, Held.

Also, one of the benefits of Victoria is; “It has a huge advantage compared to an apartment. When you sell a property you need Broker And takes around 6% commission from you. In these cases, an expert is not needed, so you save commission when you sell.”

,Last year we sold a building making 20% ​​profit. In other words, our investors received earnings of 10% above average,” said the Argentine businessman who is successful in the United States.

Now the market has spread to Latin America. “We’re doing a great job in Chile and we’re betting a lot on Mexico, If the crowdfunding system works as expected, we want to expand it across the region.”Finalisation.

The Argentine entrepreneur who is dedicated to managing his company based in the United States today has sold 5 buildings, which translate into 1,500 storage units. 100% of its client portfolio is made up of Latin Americans who wish to hold property title in the United States. “Latin American investors find the real estate market in the United States,” he concluded.

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