2017 Owners Summit
Networking is woven throughout the event, beginning with the evening reception and continuing through the next day during breakfast, and ending after lunch, when you choose to play a round of golf with your new connections or relax at the spa before heading back to implement everything you’ve learned. With an event that is full of industry experts, your issues are addressed head-on, making for a day that is all about you and your business.
We have a great lineup this year that includes a panel of REIT and non-REIT operators for a packed session covering topics from the impact of new development on rent growth to the state of the storage industry. We will also cover new development that is going on in Florida, where it is, and how soon it will be here.
To address the government aspect of business, FSSA has retained a speaker on the outlook of Florida business trends, as well as eminent domain speaker Brian E. Smith of Baker & Hostetler, LLP.
Wednesday, November 1, 2017
6:00 PM Networking Reception – Bay View Bar, Ritz Carlton
Join us for cocktails and appetizers. Mingle with your professional friends and make plans for dinner on your own.
(Rain location: Ca’ d’Zan Room, Ritz Carlton)
Thursday, November 2, 2017
7:30 AM Networking Registration and Breakfast – Ca’ d’Zan Terrace, Ritz Carlton
Register early and enjoy morning snacks, beverages, and relationship-building.
8:00 AM Welcome/Opening Remarks – Ca’ d’Zan Room, Ritz Carlton
8:30 AM The Most Pressing Issues Affecting Self Storage Owners in Florida: Economic Outlook, New Constructions, Rate Changes, Occupancy Trends, and Expectations vs. Reality
This panel, assembled and moderated by Michael Mele of Marcus & Millichap, will do a deep dive into the challenges affecting self storage owners in Florida. Between hurricanes, rapid development, and rental rate changes, this panel of experts has been assembled from REITs, developers, and operators. This interactive approach promises to be engaging and enlightening. Panelists include Paul Feikema of Hide-Away Storage, Jay Massirman of Rivergate Companies, Noah Springer of Extra Space Storage, and Rick Yonis of Sentry Self Storage.
10:00 AM Break
10:30 AM Eminent Domain in Florida: The Basics with Brian E. Smith, Baker & Hostetler, LLP
Congratulations! Your self storage facility is located on one of the busiest thoroughfares in the area. Your site has great visibility and is one of the first ones that comes to mind when the need for storage arises. But with every good thing comes some bad, and you’ve just learned that the Department of Transportation will be widening the road and will need a portion of your highly-prized site for its road project.
This presentation is a walk-through of what happens when the government exercises its power of eminent domain to acquire a portion or all of your property for road widenings, pond sites, power lines, and more. Like gas stations, self storage facilities tend to be located along busy roads that are often widened or improved, so eminent domain tends to hit facility owners with some frequency. Many times, more is at stake than just simple valuation of property – often severance damages, business damages, relocation expenses, and other elements of damages may be available to property owners.
11:30 AM Florida Insurance Update: How Irma and Harvey Will Affect Rates, Claims, and Processes
12:00 PM Self Storage Data: New Construction, Rate Trends, and a Forward Florida Outlook with Bret Zinn, Yardi Systems
Study new construction information and reports and discuss rents with our speaker. Wrap everything up with a case study on a Florida market.
12:45 PM Networking Lunch and Adjourn – Ca’ d’Zan Terrace, Ritz Carlton
FSSA 2016 Owners Summit Highlight Video