Former Extra Space Manager Addresses Nashville Women Investors Meeting

Posted on Feb 18 2010 - 10:57am by Tony Gonzalez

This Monday, Women Investing in Nashville, a Nashville group of women who invest in real estate, will host a speaker focusing on investment opportunities in the self-storage industry. The speaker will be Anne Williams, past president and co-founder of the Tennessee Self-Storage Association. Women Investing in Nashville chose to invite Williams to speak because many of its members are interested in investing in commercial real estate. Williams’ topic will be, “Self Storage as an Investment Strategy.”

Williams has been working in self-storage for ten years. She began working in the industry as a district manager for Extra Space Storage and currently is a self-storage investment broker for Marcus & Millichap. Williams co-founded the Tennessee Self-Storage Association, served as its vice president in 2008, its president in 2009, and now serves as its treasurer. 

Real estate investors have taken a keen interest in self-storage in the last few months, since it is one of the few areas of the market that has begun to come back from the economic downturn of the last two years. Over the last few months, several real estate investment trusts (REITs) have chosen to invest in self-storage properties. Yesterday, David Rogers, the Chief Financial Officer for Sovran, an REIT that specializes in self-storage, remarked, “We begin the new year with a much stronger balance sheet, tremendous liquidity, a refined set of tools to attract and better serve our customers, and the potential to capitalize on some solid opportunities later this year or early next.”

Women Investing in Nashville is part of the Real Estate Investors Association of Nashville (REIN). REIN is a not-for-profit trade organization formed to promote the interests of the real estate investment industry. It sponsors regular networking and education events, provides legislative advocacy, and encourages professionalism and the setting of high standards in the industry. 

In addition to Williams’ talk on Monday, the REIN has several other educational events planned for the next few weeks. On February 16, the REIN will sponsor a class on real estate and small business taxes, taught by Saundra Lewis. The class will cover taxes and the expenses that can offset them, and discuss capital gains, depreciation and recapture, escalating tax rates, loss limits, carry forwards, subcontractor reporting, local and state taxes, franchise and excise taxes, etc. On March 8, Lee Phillips will talk about asset protection at the monthly REIN meeting.