Self Storage Development Group (SSDG) is converting an existing building in Charleston, S.C., to a new self-storage facility that will operate as Universal Storage Solutions. Expected to be complete in August, the property will be managed by Universal …
LifeStorage Purchases 4-Property Self-Storage Portfolio in Boulder, CO
California-based self-storage operator LifeStorage LP has acquired a four-property portfolio in Boulder, Colo., from Heitman LLC, a global real estate investment-management firm. The facilities, which previously operated under the SecurCare Self Storag…
River Rock Capital Partners to Fund Fayetteville, NC, Self-Storage Acquisition Through New Online Platform
River Rock Capital Partners, an alternative asset-management firm, has agreed to purchase Enterprise Self-Storage in Fayetteville, N.C., for $1.7 million. The property at 2812 Enterprise Ave., near downtown, was built in 2006. The eight-building facili…
Total Storage Concepts Self-Storage Facility Approved in Red Bank, NJ
Total Storage Concepts LLC received unanimous approval from the Red Bank, N.J., Planning Board to build a new self-storage facility in the city. The site of the proposed project, at the intersection of Berry Street and Central Avenue, is in an industri…
Self-Storage Real Estate Firms Release REIT Result Summaries for 4Q 2015
Several real estate firms that specialize in self-storage commercial property have released online reports highlighting key performance metrics from the fourth-quarter 2015 financial results issued by the five largest publicly traded, U.S.-based self-s…
Storage West Self Storage Shares Heartfelt Story
Storage West Self Storage offers a heartfelt anecdote about one of its customers. In “Reminiscence,” Don Willis, director of sales and marketing, shares a story with staff about a tenant who used the space to help her grieve after her …
Are You Covered? Insurance and Risk Management for Boat/RV-Storage Facilities
Self-storage operators that offer boat/RV storage have different business needs than those who only offer traditional storage. Here are some insurance considerations as well as advice on risk management.
Executives From Self-Storage REITs Present at 2016 Citi Global Property CEO Conference
Update 3/16/16 – Sovran Self Storage Inc. CEO David Rogers and Chief Financial Officer Andrew Gregoire also participated in a roundtable presentation during the 2016 Global Property CEO Conference. The executives were scheduled to speak today at …
Self-Storage Rental Tool ClickandStor Integrates With U-Haul eMove Property-Management System
The Storage Group (TSG), an Internet-marketing company serving the self-storage industry, has interfaced its ClickandStor move-in platform with U-Haul’s eMove property-management software system. The integration enables eMove customers to offer u…
Self-Storage Building Planned for Dilapidated Motel Site in Colonie, NY
A self-storage facility may soon replace a rundown motel in Colonie, N.Y. Property owner Alex Patel was ordered by the town to submit plans for the dilapidated Skylane Motel property by March 4 or face $750,000 in fines. The site is already zoned for s…