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Monthly Archives: November 2017

Self-Storage REITs Release Financial Results for Third-Quarter 2017

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…

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Seaville Self Storage Owner Re-Elected to Township Committee in Upper Township, NJ

Update 11/10/17 – Corson retained his seat on the Township Committee by receiving 52 percent of the vote. The 53-year-old Republican self-storage owner prevailed despite heavy Democratic voter turnout. Bond and Grubb received 40 percent and 9 per…

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Pegasus Group/Central Self Storage Partners With Charity Storage

Pegasus Group, a real estate investment and management company that owns and operates self-storage facilities under the Central Self-Storage brand, is partnering with Charity Storage Inc. to raise money for The Michael J. Fox Foundation and other cause…

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Public Storage Opens New Self-Storage Facility in Plano, TX

Public Storage Inc., a self-storage real estate investment trust (REIT), opened a new facility last month in Plano, Texas, a suburb of Dallas. The property at 7950 Ohio Drive, the company’s ninth in the city, is part of an ongoing effort to expan…

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Storage Pros Management Acquires 2 Stor/Gard Self Storage Properties in Northborough, MA

Storage Pros Management LLC (SPM), which owns or manages 19 facilities in six states, has acquired two Stor/Gard Self Storage facilities in Northborough, Mass., a Boston suburb.

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Reaching On-the-Go Tenants: How Mobile Affects Self-Storage Marketing

The extensive use of mobile devices is changing the self-storage tenant experience from every angle. When creating your mobile-marketing plan, you need to consider your website design, search engine optimization, pay-per-click advertising and local.

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Reclaiming Your Service Savvy to Run a Successful Self-Storage Business

Great customer service is vital to the success of a self-storage business. Unfortunately, some operators have lost this aspect of their business. Here’s how to get it back.

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Self-Storage Firm SmartStop Asset Management Promotes Ken Morrison to COO

SmartStop Asset Management LLC, a diversified real estate company that manages 108 self-storage facilities in Canada and the United States, has appointed Ken Morrison to chief operations officer for self-storage. Morrison has been with SmartStop since …

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Jernigan Capital Comments on New Self-Storage Supply in Top 50 US Markets

Officials at Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, believe the current rate of new facility supply coming to market has been largely overstated in terms of projects expected to follow through to com…

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Bel Air Crest to Build Mixed-Use Property With Self-Storage in Miami’s Upper East Side

Bel Air Crest LLC, a company tied to real estate firm Knickpoint Ventures, plans to develop a mixed-use property in Miami’s Upper East Side that will include self-storage and retail. The property at 7865 N.E. 10th Ave. is in the MiMo District, an…

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