Where Has All The Value Gone?

It’s no secret that capital markets and all forms of real estate have been impacted by the rise in interest rates over the past few years. Coming from historically low rates to a higher rate environment comes with plenty of challenges, particularly for those who have bought or built assets over the past 3-4 years. Of course, interest rates aren’t the only issue facing the self-storage industry and current asset values. Additional headwinds have come from a few different sides, and each of these could be the subject of separate…

Self-Storage Gates – Your First Line Of Defense

Gates are among the very first things a potential customer sees upon arriving at your self-storage facility, and therefore they create a lasting impression. In addition, gates are your first line of defense against crime. Think of them as the “bouncer” for your facility. And of course, you want the biggest, baddest bouncer you can find, right? Let’s take a look at the ins and outs of gates – how they work, what options are best for you, and what to do when they need repair. What Types Of Gates…

National Storage Affiliates Trust Announces Promotion of Melissa Cameron to Chief Marketing Officer

National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced Melissa Cameron has been promoted to Chief Marketing Officer, from her previous role of Senior Vice President of Customer Acquisitions, effective April 1, 2024. David Cramer, President and Chief Executive Officer, commented, “We are pleased to recognize Melissa’s significant contributions to NSA by elevating her to the role of Chief Marketing Officer. Melissa has played an instrumental role in the evolution of our marketing, pricing and call center operations.” Mrs. Cameron joined NSA in November 2018 as VP…

Building Beyond Today: Our Quest to Sustainability

William Warren Group owns and operates StorQuest Self Storage, a thriving portfolio of modern, innovative self-storage properties across the United States. We’ve always been passionate about making the world a better place. Now, we’re thrilled to announce the recent launch of our inaugural Impact Report, which highlights our progress across Environmental, Social, and Governance (ESG) pillars and our strategies in building toward a safer, healthier, and more sustainable future. The report documents how we’re innovating in areas like carbon emissions, energy, water use, and workforce diversity. We also include new…

Janus International Group Announces All-New Internal, Hardwired Smart Lock

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…

Self-Storage Has Come A Long Way, Make Sure Your Safety & Security Has As Well

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 The Secret to Finding Land For Your Next Self-Storage! By Marc Goodin, CEO of Storage Authority, The Only Self-Storage Franchise in The US

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…

Value? What Value? – By Tom de Jong (Executive Vice President) de Jong I Becher Self Storage Team of Colliers International

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…

JLL Capital Markets Arranges $17.5 Million Construction Financing For Self-Storage Project in Scottsdale, AZ

JLL Capital Markets arranged the construction financing for the 98,310-square-foot, to-be-built facility located at 16136 North Pima Road.” JLL Capital Markets announced today that it has arranged the $17.5 million construction financing for a to-be-built, Class A, self-storage facility located in Scottsdale, Arizona. JLL worked on behalf of the borrower, Clear Sky Capital, to secure a loan through Enterprise Bank and Trust. With an anticipated completion of Q3 of 2025, the four-story, institutional-quality facility will include 1,051 climate-controlled self-storage units and 15 luxury collector car/recreational vehicle storage spaces. It will…

StorSafe Redefines What Third-Party Management Can Mean for Self-Storage Facilities

In a bold move that sets a new benchmark in the self-storage sector, StorSafe Self Storage, a leader in the industry with 27 locations across the Midwest and Southeast, is proud to announce its strategic expansion into third-party management. This initiative is set to leverage StorSafe’s extensive operational expertise, cutting-edge technology, and unparalleled customer-centric approach. Tom Bretz, CEO of StorSafe, emphasizes the transformative nature of this expansion, “Our new division represents a significant leap beyond traditional storage services. We are bringing together operational efficiency, innovative technology and dedicated customer service…