The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have released financial statem…
Metro Storage Acquires 2-Property Self-Storage Portfolio in Montgomery, AL
Metro Storage LLC, which operates more than 120 self-storage locations in 12 states, has purchased a two-property portfolio in Montgomery, Ala., for $21.7. Though the facilities were branded and managed by self-storage real estate investment trust Extr…
Fire at Apperson Self Storage in Salem, VA, Causes $1.5M in Damage
A fire at Apperson Self Storage in Salem, Va., on Monday evening caused an estimated $1.5 million in damage, according to fire officials. The blaze at 1910 Apperson Drive began just after 10 p.m. Several units were already engulfed when fire crews arri…
A 4-Part Guide to Creating Great Self-Storage Curb Appeal
Curb appeal is an essential part of any self-storage business. Follow these four guidelines to ensure your property is the best-looking in your community.
How the Revelation of Online Self-Storage Auctions Impacted a One-Time Skeptic
Self-storage owner Lonnie Bickford found hosting live auctions to be problematic and inefficient. Though he initially doubted the benefits of online auctions, the success of his first online lien sale was a revelation and eventually led him to found St…
How the Revelation of Online Self-Storage Auctions Impacted a One-Time Skeptic
Self-storage owner Lonnie Bickford found hosting live auctions to be problematic and inefficient. Though he initially doubted the benefits of online auctions, the success of his first online lien sale was a revelation and eventually led him to found St…
Self-Storage Marketing Firm The Storage Group Hires Business-Development Manager
The Storage Group (TSG), an Internet-marketing company serving the self-storage industry, has hired Stevie Harris as its first business-development manager in the west-coast office. In her newly created position, Harris will manage the company’s …
Aston Properties Converts Monroe, NC, Kmart to an Extra Space Self-Storage Facility
Aston Properties, a commercial development, management and leasing firm based in Charlotte, N.C., has converted a former Kmart store in Monroe, N.C., to self-storage. The property at 2120 W. Roosevelt Blvd. will be managed by self-storage real estate i…
U-Haul Invests $7.4M to Upgrade 3 Texas Self-Storage Facilities
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, is investing $7.4 million to expand storage space and other service amenities at three recently acquired locations in the Texas Rio Gra…
Self-Storage Operator StoreXpress Offers Rehearsal Rooms for Musicians, Bands
StoreXpress is inviting musicians and bands in the Pittsburgh area to rock out in self-storage spaces designed specifically for their needs. In this video, company president Steve Mitnick takes viewers on a tour of 448 Studios in Etna, Pa., which …