Category: Sponsored

  Our comprehensive due diligence process identified the presence of handwritten ledgers and legacy management systems at Park Central. To propel the facility to the forefront of the market, we plan on implementing our advanced revenue management software and deploying a state-of-the-art website, in line with its imminent rebranding as Right Move Storage Memorial Blvd.” – Darren Kelley, President – Right Move Storage LandPark Advisors, LLC, in collaboration with Sunset Capital, LLC (collectively, “LandPark Sunset Storage II”) has successfully procured a key self-storage facility in the burgeoning city of Port…

Storage Exchange announces the closing of three self-storage transactions in Q2 of 2023, comprising of four facilities and over 142,000 NRSF. These properties are located in Colorado and Indiana. Aurora Self Storage and Loveland Self Storage: Located in Aurora, CO and Loveland, CO, this two-property portfolio contains 50,650 rentable square feet. The two facilities are located about 50 minutes from each other and well-positioned in the high-growth markets of Denver and Fort Collins. Taylor Cahn, VP of Investment Sales for Storage Exchange, facilitated the sale of both properties. Country Storage:…

What’s the Cap? One of the most important qualities of an effective broker is the ability to be objective. This can be challenging as brokers often operate between presenting an attractive proposal and following appropriate market pricing guidance. Pricing guidance is determined by three factors: current in-place cap rate, effective cap rate, and stabilized pro forma cap rate. In this article, we’ll review a case study of one of our recent sales and discuss how each cap rate affects pricing. Deal Highlights: Occupancy: 92% physical, 83% economic Expense load: 23%…

On behalf of the entire Company, we are excited to announce the appointment of Will as Chief Strategy Officer for NSA. Will’s significant experience in real estate investment banking, including advisory and capital markets transactions, will benefit NSA as we seek to enhance our growth initiatives and capital markets strategy going forward.” – Dave Cramer, President and Chief Executive Officer – NSA National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA), announced the appointment of Will Cowan as the Company’s Executive Vice President and Chief Strategy Officer. Mr. Cowan…

As recreational vehicles (RVs) and boats continue to surge in popularity, the need for adequate storage solutions has become increasingly important. Whether it is the allure of the open road or the call of the open water, enthusiasts are seeking convenient and secure options to store their beloved vehicles when they are not in use. In this article, we will explore the latest trends in RV and boat storage in 2023, highlighting the innovative solutions and emerging practices that are reshaping the industry. 1. Rise of Dedicated Storage Facilities: One…

When it comes to selecting your facility’s roll-up doors, accounting for wind pressure based on geographic location is important. How wind resistant your roll-up doors need to be will depend on your geographic location, as many locations have specific codes requiring their doors to withstand a minimum amount of pressure. Coastal properties are far too familiar with preparing for hurricanes and tropical depressions. As a result, states in coastal regions tend to have more stringent requirements. When strong enough, storm winds can generate major uplift indicating a significant increase in…

Following the record-breaking performance of the self-storage sector coming out of COVID-19, and the unprecedented transaction volume seen during 2021 and 2022, self storage stakeholders have been asking the question: what is next for self-storage? Will heightened investor demand for self-storage continues to fuel the sector’s capital markets? And was the operational performance we saw during the past two calendar years just a flash in the pan, or is it the new normal? Funds raised for self-storage are at an all-time high, both from private capital and institutional sources. Yet…

Rising temperatures can have significant effects on your tenants and their property in units without climate control. Repeated exposure to heat and humidity can cause irreversible damage to their possessions or create a safety concern for a tenant in an overheated unit. Facility owners can help avoid this by offering climate-controlled units. To preserve the integrity of your tenants’ stored belongings and to improve the customer experience, we recommend considering climate-controlled storage units at your facility. These specialty units are designed to regulate temperature and humidity levels regardless of the…

Summer is around the corner and boat and RV owners are making plans to get out on the water and hitting the open road. Due to the sustained popularity of RVs and boats, the demand for this niche property sector continues to surge. In fact, investors continue to invest in this category at record-high levels. Is your facility prepared to service the evolving demands and expectations of these customers? Facility design plays a crucial role in this customer segment. Boat and RV owners are all too familiar with the hassle…

  This Safeguard site, located at 3245 Hempstead Turnpike, Levittown, NY, is designed for 81,210 gross square feet/62,750 net square feet and is breaking ground in July 2023.” Levittown Location Will Break Ground in 2023; Improve Access for Long Islanders. Safeguard Self Storage is excited to announce the land acquisition and the beginning of construction for a new location on Long Island, NY in Levittown, the nation’s first suburb. The one-acre parcel was subdivided from the radiology facility property on Hempstead Turnpike and was brokered by Brian Cleva of Cleva…