Cost Segregation: A Smart Strategy for Renovation Savings

In the self-storage industry, maintaining an attractive and secure facility is crucial to attracting and retaining customers. Today’s consumers seek not only a safe place to store their valuables but also a well-maintained environment that gives them peace of mind. Renovations, such as installing new unit doors, enhance both the appeal and safety of the facility. And when you take advantage of a tax strategy called cost segregation it can significantly offset these expenses. Understanding Cost Segregation Cost segregation is a tax strategy that allows building owners to accelerate depreciation…

What Makes Storage Authority Different? Top 25

Storage Authority Franchise is the only self-storage franchise in the U.S., offering unparalleled support in development, operations, and sales & marketing, ensuring your success every step of the way. With our unique Dynamic Ease Development Guidance, Operations, and Sales & Marketing Platforms, plus access to a vast network of approved vendors, we provide the tools and expertise to outperform the competition. We are the Authority in Self Storage! No one is with you every step of the way like we are for Development – Operations – Sales & Marketing. Check…

JLL Capital Markets Facilitates Financing for Andover Properties’ Self-Storage Facility in Fort Myers, FL

JLL Capital Markets announced that it has arranged refinancing for Storage King USA – Fort Myers Highway 80, a 633-unit self-storage facility in Fort Myers, Florida. Working on behalf of Andover Properties, JLL secured a five-year loan from Choice Bank. The proceeds will refinance the existing loan and fund Phase II development, adding 89,721 square feet of additional storage space. Located at 11351 Palm Beach Blvd., Storage King USA benefits from high visibility with over 30,000 vehicles passing daily. Fort Myers is experiencing rapid population growth yet remains underserved in…

Absolute Storage Management – Second Quarter (Q2) Results

Absolute Storage Management (Absolute), a leading third-party management company for self-storage facilities in the United States, announced operating results for the three months ended June 30, 2024. 2024 Highlights for Three Months Ended June 30, 2024: Increased same-store revenue by 1.7% vs. the same period in 2023 Recognized as Inside Self Storage (ISS) Best of Business Acquired four (4) management contracts: one (1) operating facility and three (3) facilities at the completion of construction 2024 Highlights for Six Months Ended June 30, 2024: Increased same-store revenue by 1.3% vs. the…

Storage Authority Obtains Financing from Bank Five Nine to Construct a Self-Storage Facility in Glassboro, NJ

Storage Authority® Buck Road has obtained financing from Bank Five Nine and has started construction. The project is 89,750 sq. ft. It is located at 125 Buck Road, Glassboro, NJ 08028. It is anticipated construction will take 1 year. Franchise owner Rick A is looking forward to being part of the local business community. “From day one, Storage Authority® has proven to be invaluable to help us push through numerous obstacles we encountered. Thanks to their good standing and strong relationships with lenders we successfully obtained financing. I am thankful…

Absolute Storage Management (Absolute) Offers Professional Self-Storage Management Services to a New Self-Storage Facility in Mobile, AL

All Season Storage is excited to announce the opening of its new facility at 9180 Jeff Hamilton Road, Mobile, AL 36695. This facility features 415 units, encompassing a total of 50,795 rentable square feet, offering both climate-controlled and non-climate-controlled storage options. These units provide secure storage solutions for the communities of Daphne, Mobile, and Fairhope. To ensure top-notch service and management, All Season Storage has partnered with Absolute Storage Management (Absolute). As of May 23, 2024, Absolute has been overseeing the professional self-storage management of the facility, bringing their extensive…

Absolute Storage Management (Absolute) Offers Professional Self-Storage Management Services to the Newly Developed Self-Storage Facility in Southport, NC

The newly developed Long Beach Self Storage facility, located at 4724 Long Beach Road, Southport, NC 28461, is now open and proudly offering professional self-storage management services through Absolute Storage Management (Absolute). This brand-new facility offers 439 units, encompassing a total of 78,625 rentable square feet. The units include both climate-controlled and non-climate-controlled options, ensuring safe and secure storage solutions for the local communities of St. James, Oak Island, and Caswell Beach. The ownership group has engaged Absolute Storage Management to provide top-tier professional management for the facility, effective July…

JLL Arranges $75 Million Construction Financing for Developing Florida Self-Storage Portfolio

JLL Capital Markets led the financing efforts for the six-property portfolio that will primarily serve Central Florida’s Orlando and Tampa markets. JLL Capital Markets announced today that it has arranged a $75 million construction loan for the development of six, purpose-built, Class A self-storage properties totalling 4,082 units in markets primarily serving the Orlando and Tampa, Florida MSAs. JLL worked with the developer/borrower, YourStorageUnits Capital Partners, to secure the four-year construction loan. The six Florida properties are located in Vero Beach, Sebring, Ocoee, Cocoa, Ft. Myers and Ft. Pierce. All of…

What Do You Think Of When You Hear “Smart Building”?

By now, we’ve all heard a great deal about everything “smart.” Smart technology, smart buildings, smart solutions, and so on. But do we really understand what “smart” truly entails? In the world of self-storage, some of the first things that come to mind are features such as smart locks, remote gate access, and even remote climate control. Those are absolutely correct and are all important features in an increasingly smart world. But building smart is so much more. It combines infrastructure strategy with the newest technological innovations to create a…

Janus International Group Introduces the NS Series Self-Storage Door Solutions

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, is introducing two new roll-up door solutions (the “NS Series”) engineered to provide a heightened level of safety and security for self-storage facilities. The NS Series incorporates an enhanced design that includes anchored guides on the floor, ensuring stability and durability. A robust lower bar, equipped with secure clips that smoothly glide within the guides, combines with firmly anchored…