For many independent self-storage operators, the real estate investment trusts present challenges as well as opportunities. If you’re a smaller operator, here’s how you can offset the scale of REITs and compete effectively within your marke…
Broward Development Gets Approval to Build Jacksonville, FL, Self-Storage Facility
Real estate firm Broward Development LLC received approval to build a three-story self-storage facility in Jacksonville, Fla. The development will be the company’s fifth storage site in the city, according to a press release.
Wentworth Storage Co. Acquires Land to Build Self-Storage in Phoenix
Commercial real estate firm Wentworth Storage Co. LLC (WSC) has purchased land in Phoenix for $770,000 on which it plans to build a self-storage facility. The 1.6-acre property is near the northwest corner of 19th and W. Glendale Avenues. Construction …
National Storage Affiliates Trust Buys Value Self Storage in Palmetto, FL
National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has purchased Value Self Storage in Palmetto, Fla., for $4.4 million. It’s the company’s fourth acquisition in the state …
The Dreaded Self-Storage Employee Evaluation: Easing the Pain of This Necessary Task
Whether you stick with a simple written evaluation form or try an online version, it’s critical you’re engaging self-storage staff about their overall job performance. Let’s look at some suggestions for conducting and receiving evaluations …
SmartStop Asset Management to Form Joint Venture with SmartREIT Focusing on Canada Self-Storage
SmartStop Asset Management LLC, a diversified real estate company that manages 103 self-storage facilities in Canada and the United States, will partner with Canadian real estate investment trust SmartREIT in a joint venture to develop and co-own self-…
The SBA 7(a) Loan Program: A Self-Storage Overview and Case Study
More self-storage owners and investors are exploring how they can benefit from the Small Business Administration loan program. Here’s an overview of this type of lending, who’s a good candidate, and a case study from a storage operator who …
Self-Storage Operator Right Move Offers Tenants Free, Unlimited Cloud Storage With VaultDrop
Right Move Storage LLC, a real estate firm specializing in the acquisition, development, management and operation of self-storage facilities, is offering new tenants at its owned and managed properties free, unlimited cloud storage through VaultDrop LL…
LSC Development to Build Chicago Self-Storage Facility After Settling Lawsuit Against the City
Update 4/19/17 – A Cook County judge denied the injunction motion from Northwest Side Unite to stop the zoning change to the self-storage development site on Northwest Highway. Though the April 13 judgment improves the status of the LSC Developme…
U-Haul Converts Former Zellers Store to Self-Storage in Kelowna, British Columbia, Canada
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has converted the former Zellers department store in Kelowna, British Columbia, Canada, to self-storage. The 110,000-square-foot facili…