A partially constructed rock wall on the property of a Franklin Self Storage facility in El Paso, Texas, is to blame for flooding and home damage, according to three homeowners whose residences were impacted by heavy rains last week. All three damaged …
Self-Storage REIT National Storage Affiliates Trust Releases 2Q 2015 Financial Results
Update 8/11/15 – NSAT has released its financial statement for the quarter that ended June 30, 2015, showing gains in key areas including core funds from operations (FFO), net operating income (NOI) and occupancy.
Mixed-Use Development in Gympie, Australia, to Include Self-Storage
Polleys Coaches, a charter- and public-transportation business, received city approval this week to develop a mixed-use center in Gympie, Queensland, Australia, that will include self-storage, a gas station and a transport depot. The project will be co…
Creating Your Self-Storage Construction Budget: From Concept to Final
Self-storage construction budgeting is both art and science. Developers and owners should refine multiple scenarios before proceeding on a project. This article contains guidelines for the concept budget, preliminary construction budget and final budge…
When the Crazy Comes … Keeping Yourself and Your Self-Storage Tenants in Check
Most self-storage operators have had at least one interaction with a tenant who’s irrational, inappropriate or even dangerous. Some have even reacted poorly themselves in a heated moments. So how do you keep calm when faced with crazy? Here a…
Self-Storage REIT Public Storage Acquires High Point Storage in League City, TX
Public Storage Inc., a self-storage real estate investment trust (REIT), recently acquired High Point Storage in League City, Texas. Built in 2007, the facility comprises 99,950 net rentable square feet in 767 units and was 95 percent occupied at the t…
Indian Valet Self-Storage Operator BoxMySpace Raises $300K From Investors
DTC Technologies Pvt. Ltd., a Mumbai, India-based company that operates the BoxMySpace (BmS) valet self-storage brand, recently raised approximately $300,000 from a group of angel investors. The funding round included a consortium led by Farooq Oomerbh…
Real Estate Roundup: Recent Self-Storage Transactions
Self-storage properties are constantly changed hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Foll…
William Warren Group Affiliate Buys SoCal Self Storage in Loma Linda, CA
An affiliated company of the William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, has acquired SoCal Self Storage in Loma Linda, Calif., for $2.55 million, according to a press release from Ba…
CFO of Self-Storage REIT Extra Space Appointed to ZAGG Board of Directors
Scott Stubbs, executive vice president and chief financial officer of self-storage real estate investment trust (REIT) Extra Space Storage Inc., has been elected to the board of directors for ZAGG Inc., a global manufacturer and distributor of accessor…