Overview StorTrack data shows steady activity in the self-storage sector in the second half of 2024, with 110 transactions completed across the United States. To date, multi-operators and REITs (Real Estate Investment Trusts) each represented over 40% of the total transaction volume, with investment activity largely concentrated in the Southeast. Multi-operators were especially active in the Midwest, completing five transactions involving Storage Rentals of America facilities in Michigan and Illinois. Meanwhile, REITs focused their efforts primarily on the Southeast, with Florida standing out as a key market. Transaction Breakdown by…
Category: Self Storage News
Self Storage Facilities Add U-Haul Rentals for DIY Movers in Loganville and Monroe, GA
U-Haul Co. of Georgia recently announced that two self-storage facilities had signed on as U-Haul neighborhood dealers to serve their communities in Walton County. Self Storage Loganville at 2390 Claude Brewer Road will offer essential services like U-Haul trucks, trailers, towing equipment, moving supplies, and in-store pickup for boxes. The normal business hours are 9 a.m.-5 p.m. Monday to Saturday and 12-4 p.m. on Sunday. You can reserve U-Haul products at this dealer location by calling (770) 466-5970 or visiting https://www.uhaul.com/Locations/Truck-Rentals-near-Loganville-GA-30052/031795/. Self Storage Loganville owner Nathan Purvis said he is…
10 Federal Storage Reports Record Third-Quarter Results and Expands Third-Party Management Platform
10 Federal Storage, a leader in autonomous self-storage operations, is pleased to announce record-breaking third-quarter performance, with standout growth across its offerings. Building on this success, the company is expanding its third-party management platform to a limited number of properties and select self-storage owners starting in Q1 2025. Over the past three months, 10 Federal has added 23 properties to its portfolio, demonstrating the growing demand for its proven, tech-enabled management model. Exceptional Q3 2024 Results in a Challenging Market In a self-storage market marked by declining street rates and…
New Modular Self-Storage Unit Launched at Texas Self Storage Association Annual Trade Show & Conference in Texas
AMDG Innovations announced an inexpensive, modular solution for self-storage owners at the Texas Self-Storage Association (TSSA) annual conference and trade show. While the product is new to the United States, it has been installed more than 200,000 times in other countries over 15+ years and has a long history of performance. Besides pricing, what makes it different from other modular systems is the fact that it is flat-packed and easy to deliver to any site. Two workers can fully assemble the unit in four hours or less with basic tools.…
Storelocal Storage of McClellan Park, CA, Migrates its Operations to the Tenant, Inc., Self Storage Technology Platform
Storelocal Storage McClellan Park is a state-of-the-art storage facility that serves the North Highlands, Arden-Arcade, Rio Linda, Antelope, and Citrus Heights areas. To provide the best user experience to their tenants, and to streamline operational efficiencies, they have migrated their facility to Tenant, Inc.’s complete technology platform offering, including the Hummingbird Property Management Software platform. Tenant, Inc.’s suite of technology products is purpose-built specifically for the self-storage industry, allowing storage owners to provide a significantly improved user rental experience, advanced website security, and convenient, secure payment processing. “Storelocal in McClellan…
Safeguard Self Storage Receives 2024 New Industrial Construction Award; Recognized Among Top Projects at Queens Chamber of Commerce’s Building Awards Gala
Safeguard Self Storage is excited to announce that the newly constructed Safeguard Self Storage facility at 130-02 South Conduit Avenue has received the prestigious 2024 New Construction Award in the Industrial category. This recognition highlights the exceptional quality and innovation in design and construction that the project embodies. The 2024 Building Awards Gala will take place on Thursday, October 10, 2024, at The TWA Hotel at John F. Kennedy International Airport, celebrating excellence in the design, construction, and sustainability of projects across Queens. This year marks the gala’s 98th anniversary,…
Go Store It and StoreEase Tout Success of Virtual Management Partnership
Go Store It Self Storage and StoreEase announce outstanding operating results for the strategic partnership’s virtually managed self-storage facilities. In the second quarter, the 37 select sites saw a more than 9% increase in revenue and an 11.5% gain in net income compared to Q2 2023. Additionally, 2,643 new customers moved into virtually managed properties, with at least 60% interacting with a Go Store It Virtual Manager® before renting. The average size of the 37 facilities was 565 units. “Our results underscore the success of our collaboration with StoreEase,” said…
Go Store It Self Storage and Snapbox Self Storage Announce Major Merger, Creating a Leading Force in the Self Storage Industry
Go Store It Self Storage and Snapbox Self Storage announced that the companies have merged, combining their industry-leading platforms to form one of the largest private self-storage operators in the United States. Operating as Go Store It Self Storage, the merged entity will oversee more than 10 million square feet of storage space and 145 locations across 23 states. “The merger with Snapbox Self Storage represents a transformative step for both companies, providing the combined company with a more robust platform for growth and operational efficiency,” said Go Store It…
National Storage Affiliates Trust (NSA) with Solar Landscape Rolls Out Solar Panel Across its 8.5 Million Square Feet Rooftop Space in the US
National Storage Affiliates Trust (NSA), a major player in the self-storage industry, has partnered with community solar developer Solar Landscape to roll out 100 megawatts (MW) of solar capacity across 8.5 million square feet of NSA’s rooftop space. That’s enough solar panels to cover roughly 1,000 of NSA’s self-storage properties scattered across 42 states and Puerto Rico. Here’s why this matters: these rooftop solar installations won’t just power NSA’s facilities – they’re set to generate clean energy for nearby homes and businesses at a discount, thanks to the community solar…
StoreEase Inc. Unveils Virtual Counter 3 and Software Advancements: Revolutionizing Virtual Customer Engagement
StoreEase Inc., a pioneer in virtual solutions for the self-storage industry, is thrilled to announce the launch of its latest innovation, the Virtual Counter 3 (VC3). Powered by advancements in StoreEase’s Virtual Management Operating System (VMOS), VC3 features patent-pending technology that enables scalable virtual operations to drive net operating income (NOI) to self-storage properties of all sizes. With a focus on multi-sensor people detection, optimized alert prioritization, and advanced lead and task management capabilities, this system empowers self-storage operators to drive revenue and improve customer service at scale. Josh Boyd,…