Update 10/27/15 – One of the 17 facilities recently acquired by National Storage Affiliates Trust (NSAT) was a Storage Pros location in Londonderry, N.H. The 45,000-square-foot facility was purchased for $4.9 million and marks the exit of Storage…
Self-Storage to Be Featured in Zombie-Themed Graphic Novel
Digital media company 451 Media Group will release issue one of a six-part graphic novel titled “Self Storage” on Oct. 28. The series, written by Clay McLeod Chapman and illustrated by Matt Timson, is a zombie-themed tale chronicling the ev…
U-Haul Donates Free Self-Storage to Victims of Hurricane Joaquin in GA, NC and SC
The U-Haul Cos. of Coastal South Carolina, South Carolina and Western North Carolina are offering 30 days of free self-storage or U-Box container storage to people in Georgia, North Carolina and South Carolina who’ve been affected by the historic…
SmartStop Self Storage Cycling Team Seeks New Title Sponsor
The professional cycling team currently sponsored by SmartStop Self Storage is seeking a new title sponsor for the 2016 season following the company’s change in ownership. The team, owned by Premiere Sports Group, will release its riders from the…
Real Estate Roundup: Self-Storage Transactions October 2015
The following are several self-storage acquisitions and sales that were completed over the past few weeks.
Author Mark Helm: Self-Storage Operators Must Invest in Themselves to Stay Relevant
Using the word “never” in association with operating a self-storage facility discounts the potential impact of evolving technology and business strategies. Mark Helm, author of “Creating Wealth Through Self-Storage,” discusses w…
Tron Jordheim Joins Store Here Self Storage as Business Development Manager
Store Here LLC, a joint venture between certain affiliates of Store Here Management LLC and Westport Capital Partners LLC, has hired self-storage industry veteran Tron Jordheim as business development manager for the Store Here Self Storage brand. Jord…
MD Investments Buys Pelandale Self Storage in Modesto, CA, for $3M
MD Investments, a Woodside, Calif.-based investment firm, recently acquired Pelandale Self Storage in Modesto, Calif., from CGK Properties LLC for $3 million. The 3-acre property at 340 Pelandale Ave. comprises 48,700 net rentable square feet in 362 un…
What Self-Storage Managers Need to Know About the 3 Kinds of Facility-Occupancy Rates
While many self-storage operators are fixated on physical occupancy, this metric is limited in what it can tell you about your business. In reality, square-footage occupancy and economic occupancy reveal as much, or more, about the overall health of yo…
Jumbo Capital Management/Guggenheim Real Estate to Convert Warehouse to Self-Storage in Norwood, MA
A joint partnership between Jumbo Capital Management LLC, a privately held commercial real estate firm specializing in office space, and real estate investment firm Guggenheim Real Estate LLC has acquired a warehouse in Norwood, Mass., for $6 million t…