It is a universal truth for any operator to want great managers greeting and interacting with as many customers in the office as possible. Virtual Technology allows us to leverage our best managers across a plurality of our stores to do just that.” – Todd Allen, Managing Principal at Reliant StoreEase announces a strategic partnership with Reliant Real Estate Management (DBA Midgard Self Storage) to implement its Virtual Technology Platform as a SaaS / white-label solution. This initial rollout will consist of 11 properties in the Huntsville and northern Alabama…
Category: Sponsored
StoreEase Virtual Management Announces the Launch of Virtual Software-as-a-Service (SaaS)
StoreEase announces the launch of their cutting-edge Virtual Technology Platform as a software-as-a-service (SaaS) to complement its existing third-party management service. This new offering provides a White Label Solution for self-storage operators to revolutionize their existing management platforms. Pre-announcement StoreEase has procured multiple partnerships with top operators to beta-test the platform across a significant number of stores. The groundbreaking technology platform features proprietary hardware and software enabling self-storage operators’ access to industry-leading efficiencies and benefits. The Virtual solution is designed to help operators of all sized facilities overcome the challenges…
Franchising in Self-Storage: A Promising Business Model
Storage Authority Franchising is about owning your own home-town self-storage business and having the professional systems and knowledge to assist and guide you. We like to say You are in business for yourself but not by yourself.” Franchising offers a compelling opportunity for aspiring self-storage entrepreneurs. By combining a franchisor’s expertise with a business owner’s drive, it fosters a mutually beneficial relationship based on talent and dedication. The franchisee retains full ownership while operating under a licensing agreement, enjoying the benefits of being in business for themselves but not by…
The Quick Guide for Developing Class-A Self-Storage Facilities
Developing self-storage comes with a long list of to-dos, obstacles, and of course, rewards. With its lucrative potential, more owners seem to be entering the market each year. If this venture is your first step in the self-storage industry, you likely have a lot of questions on where to get started. BETCO’s team of experts has put together an eBook to help you navigate self-storage development. This eBook discloses valuable steps and considerations for developing self-storage, like how to get started with the planning process. Planning for self-storage has many…
Janus International Names New Vice Presidents for Inside Sales, Self-Storage Sales, and Commercial Sales
Dianne Hammond Named Vice President of Inside Sales, Roc Hughes Named Vice President of Self-Storage Sales, and Dennis Owens Named Vice President of Commercial Sales” 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 the promotion of Dianne Hammond to the position of Vice President of Inside Sales, Roc Hughes to the position of Vice President of Self-Storage Sales, and Dennis Owens to the position of Vice President of…
Safeguard Self Storage Expands Presence in Tampa MSA with Newly Opened Location
Safeguard Self Storage, a leading provider of secure and convenient self-storage solutions, is thrilled to announce the grand opening of its latest facility in the Tampa Metropolitan Statistical Area (MSA). Located at 9101 County Line Road in Spring Hill, FL, this expansion represents Safeguard’s commitment to meeting the growing demand for high-quality storage options in the region. The new facility boasts an impressive 62,000 gross square feet (GSF) of space, designed to cater to the diverse storage needs of both residential and commercial customers. Featuring state-of-the-art security measures and a…
Landpark Advisors Secures Strategic Self Storage Asset in Port Arthur, Texas
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 Closes Over 142,000 NRSF in Q2: Three Self Storage Transactions are Successfully Facilitated
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? – Hunter Molnar, Co-Founder & Managing Director of Storage Exchange
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%…
National Storage Affiliates Trust Announces the Appointment of Will Cowan as Executive Vice President and Chief Strategy Officer
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…