Update 4/3/17 – The Miami, Fla., City Commission has passed an ordinance that requires a minimum 2,500-foot distance between self-storage facilities in any direction. Not having any distance requirements for self-storage in the zoning code wound …
Rosewood Property Co. Acquires StorQuest Self Storage Facility in Los Angeles
Rosewood Property Co. (RPC), a Dallas-based real estate firm, has purchased a StorQuest Self Storage facility in Los Angeles. The company plans to maintain the existing management platform and brand name, according to a press release from Cushman &…
Storage Express of Lancaster, CA, Recognizes Self-Storage Manager for 15 Years of Service
Storage Express, which operates two self-storage facilities in Lancaster and Palmdale, Calif., has recognized manager Nicole Gray for her exemplary work performance of 15 years. Gray joined the company as an assistant manager and was later promoted to …
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Self-Storage Facility Budgeting: Learning Lessons from the Navy SEALs
When it comes to creating a budget for your self-storage business, there are many lessons to be learned from the Navy SEALs. Here’s an attack plan to conquer this critical operational task.
4 Strategies to Preserve Self-Storage Facility Value and Achieve Investment Goals
With self-storage now being the “golden child” of niche real estate, it’s critical for owners to understand the market dynamics that affect the value of their investments. Here are four key strategies to help you preserve facility val…
Self-Storage REITs Release Financial Results for Third-Quarter 2016
The four largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc. and Public Storage Inc.—have released financial statements for the quarter that ended Sep…
Colliers International Report: Latin America Self-Storage Survey 2016
Colliers International Group Inc. has released the findings from its first survey of Latin American self-storage operators. The report examines market drivers in the region, occupancy and rental rates, and operator expansion.
Real Estate Firm Wentworth Property to Convert 2 California Warehouses to Self-Storage
Commercial real estate firm Wentworth Property Co. LLC has acquired two industrial properties in Chula Vista, Calif., and San Diego, for $27.8 million with the intent to convert them to self-storage. The facilities are expected to open next year, accor…
Self-Storage Managers Can Positively Impact Customer Lives Through Empathy
Customers often turn to self-storage because they are going through a major life event, such as death, divorce or moving. Guest blogger Stephanie Tharpe of A+ Storage of Tennessee, demonstrates how showing kindness and empathy can make a positive impac…