Category: Resources

Local acquisition of All Secure Mini Storage is bringing professional self storage management to the city of Conway. Ownership group organized by Absolute Storage Investment of Memphis; TN purchased this facility for an undisclosed price using First National Bank & Trust as the project’s lender. All Secure Mini Storage will be rebranded to Absolute Storage of Conway. Absolute Storage of Conway provides climate-controlled storage to the local communities in west Conway. Absolute Storage of Conway is comprised of 458 units totaling 62,030 rentable square feet. New owners have contracted with…

National Storage Affiliates Trust (“NSA”) (NYSE: NSA), today announced it has surpassed the 1,000 store milestone. The company went public in 2015 with a portfolio of 246 stores and approximately 14 million rentable square feet across 16 states. Since then, NSA has more than quadrupled its store count and rentable square feet, while diversifying its presence across 40 states and Puerto Rico. Year-to-date 2021, the company has acquired over 190 stores totaling approximately $1.7 billion, bringing the total portfolio count to over 1,000 stores comprising approximately 65 million rentable square…

Absolute Storage Management (ASM), a leading third-party management company for self storage facilities in the United States, announced operating results for the three and nine months ended September 30, 2021. 2021 Highlights for Three Months Ended September 30, 2021: Increased same-store revenue by 17.1% compared to the same period in 2020. Achieved net operating income (NOI) of 22.5% in the same period in 2020. Acquired three (3) management contracts of operating facilities. 2021 Highlights for Nine Months Ended September 30, 2021: Increased same-store revenue by 13.9% vs. the same period…

StorTrack, the premier international self storage data company, recently launched ‘StorTrack Explorer’ which offers an interactive map, improved user search experience and new formatting for accessing primary, secondary and tertiary market analytics on over 58,000 existing facilities and nearly 2,000 development projects in the US, the UK and Canada. Self storage investors and developers can choose from free, basic or unlimited account options. Free accounts have access to StorTrack Explorer’s mapping tool and can view net rentable square footage, square feet per capita, existing facilities, population metrics, average rates per…

Outperforming strong expectations and driven both by strategic and private capital, 2021 has already been a record year for REIT M&A, which hit $108 billion in transaction volume as of September 30, 2021. JLL’s Capital Markets M&A and Corporate Advisory group’s new M&A and Strategic Transactions Monitor report details the positive themes in the public capital markets space contributing to this unprecedented M&A surge. There is a significant demand and supply imbalance in the alternative asset classes, with high-quality platforms and assets generating strong interest from a wide array of investors.” REITs have shown strong earnings…

Last month, we welcomed our son into the world and my life shifted profoundly. Parenting has been a (sleep-deprived) blast, but it has forced me to consider the world I’m creating for my son. After taking him to visit his first storage facility, I started to think about what legacy means in this business. As a second-generation self storage owner/operator, I’ve been privileged to inherit a philosophy about the industry that has governed our company for the last 35 years and enabled its success. Now, as a father myself, it’s…

We are very pleased to announce the appointment of Beau Agnello as Senior Vice President of Operations at Pogoda Companies. Beau will be responsible for overseeing all operations for our self- storage portfolio and third-party managed properties. In addition, he will be instrumental in formulating strategic plans for the company's continued expansion, maximizing the investment value of all managed/owned facilities, updating policies and procedures, and will utilize the latest technology within the self storage industry to improve operations. Beau began his self storage career with a self storage REIT in…