Category: Sponsored

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…

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 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…

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…

Trojan Storage Installs Nokē Smart Locks at Nine Self Storage Facilities We’ve been incredibly pleased with the rollout of the Nokē system across nine of our facilities. Integrating Nokē ONE smart locks and Nokē’s technology at our entry points has enabled us to further our commitment to providing a first-class storage experience for our customers,” – Brett Henry, President of Trojan Storage 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…

Building on the initial success of its partnership, StoreEase and Go Store It announce an expanded rollout of StoreEase’s Virtual Technology solution. This comes just months after an initial pilot period in Q4 2023, a testament to the immediate impact StoreEase has had on both customer experience and operational efficiency. Go Store It Virtual Managers®, located at the company’s corporate offices in Charleston, SC, proactively greet and assist customers face-to-face in each property’s rental office, while physical managers handle behind-the-scenes tasks at multiple facilities. “StoreEase’s technology is best-in-class,” says Beau…

Imagine $700 cash showing up in your wallet every Sunday morning. That is what many self-storage owners are giving up each week because they are not taking ancillary sales seriously. Self-storage ancillary income makes a huge difference in your profits now and when you sell. Let’s run through the numbers for 500 units rented with a turnover rate of 20 units a month $29 admin fee x 20 units rented a month = $580/month Required Tenant Insurance: 500 units rented x 80% penetration x $10 profit/month = $4,000/month $29 late…

Janus International Group, Inc. (NYSE: JBI) (“Janus”), 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 it has been named to the list of “America’s Most Successful Small-Cap Companies for 2024” by world-renowned Forbes magazine. Janus came in at #24 out of 100 companies included on the list. “I am incredibly proud that through the hard work and dedication of our team, and the loyalty of our customers, we have been recognized as a Forbes top…

The BSC Group remains actively committed to offering a wide variety of loan products to our clients. Through constant communication with our network of capital sources we can pinpoint market dynamics related to structure and pricing of debt products available in the ever-changing capital markets. Below is a snapshot of popular loan products available to borrowers currently in the market. CMBS: Rate Range of 7.00%+ The CMBS market remains very liquid and provides for a relatively predictable execution for borrowers with cash flowing assets. The cornerstone attributes of CMBS are…

David Alexander, Director of the Facilitate division at Janus International, really knows his stuff when it comes to facility maintenance. With over 30 years of experience, he possesses a wealth of knowledge, and he recently shared some of that expertise at an informative GASSA (Georgia Self-Storage Association) webinar highlighting the topic of “Facility Maintenance: The Results and Successes it Can Bring.” Among the topics discussed were: How to be proactive with facility maintenance What common tasks are and when to perform them When you should outsource vs. DIY How to…