Third-party management companies offer a number of benefits to self-storage owners who are looking to outsource their facility’s day-to-day operation. Get the lowdown on the advantages and drawbacks as well as some insight to choosing a provider….
SmartStop’s Affiliated REITs to Acquire 32 Self-Storage Properties for $145M
Strategic Storage Trust II Inc. and Strategic Growth Trust Inc., the self-storage real estate investment trusts (REIT) affiliated with SmartStop Self Storage, recently acquired 27 of the 32 facilities in a portfolio transaction totaling approximately 1…
SmartStop’s Affiliated REITs to Acquire 32 Self-Storage Properties for $145M
Strategic Storage Trust II Inc. and Strategic Growth Trust Inc., the self-storage real estate investment trusts (REIT) affiliated with SmartStop Self Storage, recently acquired 27 of the 32 facilities in a portfolio transaction totaling approximately 1…
Sovran/Uncle Bob’s Buys Alsip Self Storage in Alsip, IL
Sovran Acquisition Limited Partnership, an entity of real estate investment trust Sovran Self Storage Inc., purchased Alsip Self Storage in Alsip, Ill. The property at 5253 W. 111th St. will be rebranded as Uncle Bob’s Self Storage. It encompasse…
Underwear Brand Capitalizes on Self-Storage Concepts
Brand-management firm Encore Brands Inc. has launched Mickey’s Self Storage, a men’s underwear and basics brand, after acquiring it from the family of designer Mickey Sills, who died last year from sinus cancer. While the name and tagline (…
Self-Storage REIT CubeSmart Wins Stevie and People’s Choice Awards
Update 3/22/16 – CubeSmart received two silver Stevie Awards and a 2016 People’s Choice Stevie Award during a ceremony on March 4 in Las Vegas. The company was honored in the “Customer Service Department of the Year” and “Contac…
Competition or Inspiration: Are Valet-Storage Businesses Disrupting the Traditional Self-Storage Market or Providing Impetus for Change?
Valet-storage businesses began springing up with frequency in 2013 and continue to gain traction with consumers and investors. The big questions for self-storage operators are: How much competition do these valet operators truly present; and how much d…
Competition or Inspiration: Are Valet-Storage Businesses Disrupting the Traditional Self-Storage Market or Providing Impetus for Change?
Valet-storage businesses began springing up with frequency in 2013 and continue to gain traction with consumers and investors. The big questions for self-storage operators are: How much competition do these valet operators truly present; and how much d…
5 Ways to Stand Out as an Independent Self-Storage Operator
It’s difficult for independent self-storage operators to beat national and regional players in their market by trying to play the same game. Instead, guest blogger Nick Lackner offers up a handful of creative strategies he deployed at City Center…
Sharpe Self Storage in Hudson, NY, Donates Free Storage to Fire Victims
Sharpe Self Storage at 560 Joslen Blvd. in Hudson, N.Y., is providing free use of two storage units to hold donations for victims of a Feb. 28 fire. Firefighters from the Hudson Fire Department and nearby stations responded to a two-house fire at 336 a…