The Tennessee Self Storage Association (TNSSA) has named Allen Baxter, manager of the Nolensville, Tenn., location for A+ Storage of Tennessee LLC, as its 2016 “Manager of the Year.” It’s the second consecutive year and fourth time in…
A Self-Storage Borrower’s Financial Survival Guide: Assembling a Winning Loan Request
Packaging a self-storage loan request involves several steps and a lot of preparation. Follow these guidelines to build the kind of package that wins lender approval.
Safeguard Self Storage Opens New Facility in East Tremont Neighborhood of Bronx, NY
Safeguard Self Storage, which operates facilities throughout the eastern states, has opened a new facility in the East Tremont neighborhood of Bronx, N.Y. The property at 112 E. Tremont Ave. is six miles south of two other Safeguard sites. It com…
Valley Storage Co. Acquires Self-Storage Facility in North Ridge, OH
Valley Storage Co., which operates 15 self-storage facilities in Maryland, Ohio, Pennsylvania, Virginia and West Virginia, has acquired Fields Store-All Ltd. in North Ridge, Ohio. The property at 34425 Lorain Road contains 269 drive-up storage units. V…
Wentworth Property Co. Opens New Self-Storage Facility in Tempe, AZ
Commercial real estate firm Wentworth Property Co. LLC has opened a new self-storage facility in Tempe, Ariz. The property at 7310 S. Priest Drive will be managed by Westport Properties Inc. (WPI) and branded under WPI’s US Storage Centers operat…
Self Storage Capital Partners Acquires 2 Little Rock, AR, Facilities
Self Storage Capital Partners (SSCP), a real estate investment and management company, and its affiliates have purchased two self-storage facilities in Little Rock, Ark., for $5.2 million from Little Rock Self Storage LLC. SSCP Geyer Springs Rd LLC pur…
ISS, Live Oak Bank Publish Self-Storage Lending Case Study
Inside Self-Storage (ISS) and Live Oak Bank, which includes a self-storage lending division, have released “A Path to Self-Storage Ownership: A Lending Case Study of Mike Castleman, Owner of Castlerock Interests.” The free digital publicati…
A Path to Self-Storage Ownership: A Lending Case Study of Mike Castleman, Owner of Castlerock Interests
This case study by Live Oak Bank focuses on Mike Castleman, owner of Castlerock Interests, and his quest to secure funding for a self-storage project in Pflugerville, Texas. Summary: A summary of the lending quest for a Castlerock self-storage project …
Executives From Self-Storage REITs Present at 2017 Citi Global Property CEO Conference
Executives from self-storage real estate investment trusts (REITs) Extra Space Storage Inc. and Life Storage Inc. will make roundtable presentations during the 2017 Global Property CEO Conference, an event designed for institutional investors…
Storage Share Peer-to-Peer Self-Storage Service to Launch in the UK
Storage Share B.V., a Dutch-based peer-to-peer self-storage marketplace, will launch service this year in the United Kingdom, according to a press release. Similar to other shared-economy networks, the company provides an online platform through which …