Absolute Storage Management to Provide Professional Self-Storage Management for Smart Storage Facility in Lenexa, KS

Brand new development of Smart Storage is bringing professional self-storage management to the city of Kansas. The facility is located at 8600 Maurer Road, Lenexa, KS 66219. This facility is comprised of 695 units totaling 91,440 rentable square feet, providing safe and secure climate-controlled unit options to the local communities of Lenexa, Summerhill, Pointe West, Maple Falls and Brookwood Place. Smart Storage Lenexa LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services and the facility is officially under Absolute’s management as of December 10, 2024.…

U-Haul Opens New and Improved Full-Service Center in Schofield, WI

U-Haul is once again serving customers at 141 Grand Ave. in Schofield after leveling its old store and constructing two new buildings to better meet the residents of Marathon County. U-Haul Moving & Storage of Wausau, which sits on 4.8 acres, now welcomes customers with a beautiful three-story self-storage center that includes access to a variety of 569 indoor climate-controlled and heated storage units with high-tech security features at affordable price points. A new U-Box warehouse offers capacity for 1,000 of the Company’s portable moving and storage containers. U-Haul of…

Major Developer Closes on Land for Class A Self-Storage in Deer Park, IL

Hernandez Development & XSITE Real Estate have successfully closed on a 6-acre parcel of land in Deer Park, Illinois, for a future Class A self-storage facility. The acquisition price for the site was $2,000,000. Deer Park will be the fourth self-storage property in Hernandez Development’s portfolio within the Chicago MSA, joining two operational facilities in Oswego and Bolingbrook, as well as a self-storage project currently under construction in Carol Stream. Key Highlights: Location: 6-acre parcel adjacent to Deer Park Town Center and across from Kildeer Marketplace on Rand Road/U.S. 12,…

StoreEase and Reliant Announce a Two-Year Renewal and Continued Expansion of StoreEase Saas (Software-as-a-Service) Platform

StoreEase and Reliant (Midgard Self Storage) are excited to announce the renewal and continued expansion of their partnership, extending their implementation of StoreEase’s Virtual Technology solution for an additional two years. The renewed commitment follows the success of the initial rollout and has expanded to 97 stores. Reliant’s hybrid operational model leverages StoreEase’s proprietary hardware and software to empower Virtual Managers® to the entire Midgard portfolio and properties of all sizes. Todd Allen, Managing Principal for Reliant, expressed his enthusiasm for the partnership renewal, stating, “We are excited about the…

Rising Operational Costs in 2025? 4 Ways Operators are Offsetting the Pain

While we know that for many self-storage operators, property taxes in their markets continue to create challenges, many others are also experiencing the strain of inflation and other increased operational costs. But at Janus International, we’re seeing some solid strategies that are working for our customers. Read on for tools and ideas that can help offset increasing costs within the self-storage industry. Payroll: When was the last time you “audited” your site for the most frequented times of the day? What did you find? Are you making your technology work…

Recent Transactions: 01.14.2025 – 01.20.2025

Recent self-storage transactions reflect a mix of strategic activity across development, value-added, and stabilized asset opportunities. Transactions included Class A developments, fully entitled sites in growth markets, and acquisitions in high-density areas with limited supply, such as New Jersey. Value-add deals also stood out, with facilities offering operational diversity or future expansion potential, highlighting the sector’s steady focus on balancing growth opportunities in emerging markets with reliable investments in established areas.   Property: TCJ Storage Solutions & Commercial Suites Location: St. Cloud, MN Brokers and Brokerage: Tom Flannigan, Alex Ihrke,…

Self Storage Market of the Month: Folsom, CA

StorTrack’s featured market this month is Folsom, CA. Folsom is a city in the Sacramento region, known for its strong economy, driven by major employers like Intel and Kaiser Permanente. It boasts highly ranked schools, a low crime rate, abundant natural amenities like Folsom Lake, and ongoing residential and commercial development. How is Folsom as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment. Self Storage Market Metrics…

Recent Transactions: 01.07.2025 – 01.13.2025

    Property: Coastal Boat & RV Storage Location: Brunswick, GA Brokerage: Coastal Storage Group, broker affiliate of Argus Self Storage Advisor [Coastal Storage Group rebranded from Weaver Realty in January of 2024 and has been the Argus Self Storage Advisor Affiliate since 1999 covering the state of Florida and now the South Georgia territory.] Acreage: 5.26 acres Unit Count: 115 parking spaces, 16 fully enclosed parking bays, and 2 retail office spaces     Property: Two Self-Storage Facilities Location: Pulaski, WI Asking Price: $4.275 Million Brokerage: Jonathan Glassco and…

Featured Broker: Ashley Compton

Ashley Compton is a Principal and Vice Chairman at Colliers and also a leader of the Colliers Self Storage group which specializes in advising clients in the disposition, acquisition and recapitalization of self-storage facilities throughout the United States. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics and experience guide every interaction and define his service approach…

Andover Lending Provides $21 Million Construction Loan for Texas Self Storage Project

Andover Lending, a platform that seeks to originate non-recourse financing for self-storage sponsors nationally, today announced that it has provided a $21 million construction loan to a joint venture between LaTerra Development and Platinum Storage. The loan will fund the redevelopment of a former retail location in Irving, Texas, into a Class-A self-storage facility. Located at 2488 Market Place Blvd. – a prime location immediately adjacent to a Home Depot and a to-be-developed H-E-B supermarket – the 195,000-square-foot, multi-story facility will feature climate-controlled units along with drive-up and enclosed RV…