16 Nov 2021
This post is the sixth in a series of articles entitled: “Six Days of Feasibility” designed to educate the reader on the world of Feasibility Studies. Jay Garlick of GDP Feasibility addresses the following:
Day 1: See the End from the Beginning: What are Feasibility Studies?
Day 2: Don't Make Business Risky: Why a Feasibility Study?
Day 3: Self Storage = Cash Cow: How a Feasibility Study Makes You Money?
Day 4: Buyer Beware: Why Not all Feasibility Studies are the Same?
Day 5: Get You in the Game: What Do You Do with a Full Feasibility Study?
Day 6: Deal Makers, not Deal Breakers: Do You Have Someone to Walk the Path with You?
A few years ago, a JV partner who was working on syndicating one of our projects called and asked me to speak with a “gatekeeper” investor who advised others on where to place their funds. He wanted me to review our feasibility study with this investor. …
On the same project, our bank’s credit department and loan officer wanted a similar review. …
Today, that project is still in lease-up at around 40% occupancy and is on pace for … Further, that 40% occupancy included lease-up during a rather rough COVID environment that affected things for about a year.
Should your feasibility studies …
The feasibility consultant should be able to:
… your banks, investors, and your feasibility study …
Who is Jay Garlick?
A self-storage developer himself, … Since then he has done studies on over 400 sites in the United States. Garlick can be reached at jay@gdpfeasibility.com. For more information please visit www.gdpfeasibility.com. *
