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Janus Releases “Nokē Ion™,” An Inside-The-Unit, Powered Smart Lock Janus International Group, Inc (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the addition of Nokē Ion™, an inside the door, magnetic, hardwired smart locking system, into its award-winning line of Nokē Smart Entry products. In addition to the all-new, hardwired smart locking solution, Janus’s Nokē Smart Entry platform also offers a high-tech, battery-powered external smart lock, known as Nokē…

We’ve all seen how self-storage facilities used to be represented on television and in movies: located in dark and ominous industrial areas, bad lighting giving off an air of danger, surrounded by a chain link fence which may or may not have a “beware of dog” sign on it. But things have changed for the better in the self-storage industry, and it’s about time. Self-storage facilities have become “smart” buildings with cutting-edge technology, great visibility, and plenty of lighting. These facilities are popping up everywhere from major metropolitan retail areas…

100 – 3 – 1 Boom Land Under Contract! Finding land is a math equation: 100-3-1 Research 100 properties Make 3 offers And purchase one property Most people research 12 properties the first month, and 10 the next month. The next month they have friends flying in and a birthday party to go to. The next month it is raining. And the next month they say it does not work. You need to understand the math ½ x 10 does not equal 5. It equals zero. You do not get…

Self-storage buyers always ask about CAP rates. First, a capitalization (“CAP”) rate in principle is quite a simple calculation – take the Net Operating Income (NOI or EBITDA) and divide it by the asking price and the resulting number is the CAP rate. This represents the return an investor would expect over a one-year period. In some cases, it is the expected first-year income, in other cases it is the most recent (aka trailing 12-month) annual net operating income. Capitalization Rate = Net Operating Income / Current Market Value (or…