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Increasing The Value of Your Self Storage Asset – Tips on improving your property’s value

Whether you are thinking of selling, refinancing, or just want to optimize the income your property generates, here are a few tips I’ve learned from the 18 years helping owners sell their self-storage facilities. There are many, many ways a self-storage owner (or operator) can improve their bottom line, and I’m sure I’ve left out a few ideas that others have uncovered. OPTIMIZE RENTAL INCOME – The most obvious way to increase the net operating income of your self-storage facility is by increasing the monthly rental collections. But how? The…

SBA SOP Rule Changes for SBA 7A Program

The SBA recently released their changes to their SOP rulebook that will go into effect June 1, 2025. Below is a summary of impactful changes. Franchise Directory is returning. Franchises will be required to be listed in the directory. If a borrower operates under more than one franchise agreement, all franchises must be listed on the directory, not just the critical ones Need 100% ownership, including indirect ownership of the business, to include SSN, address, % owned, and DOB.  All must be citizens or LPRs and primarily reside in the…

Planning Commission OKs Self-Storage Site Despite Environmental Objections in Long Beach, CA

The Long Beach Planning Commission on Thursday approved the environmental review of a new self-storage warehouse wedged between the Los Cerritos neighborhood and the Los Angeles River, despite objections from residents and activists over potential consequences to the surrounding environment. Commissioners voted to recommend the project, a 44-foot-tall, 206,756-square-foot self-storage facility with office space, private car wash and RV parking lot. The project will next come before the Long Beach City Council at a later date. It would replace a 14-acre blighted industrial site, formerly used as a golf range…

Planning Commission OK’s Self-Storage Plan for a Self-Storage Facility Near Rice Lake, WI

Menards obtained approval of its operational plan for a new self-storage facility on the south side of Rice Lake near its retail store, but the Plan Commission had a few contingencies. For a couple of years, Menards has sought to build a self-storage facility on the southeast corner of Wisconsin Avenue and Highway O. Plans call for the construction of 245 non-climate-controlled units of various sizes from 10-by-10 feet to 10-by-20 feet. The self-storage units will be considered an extension of the nearby store, and local staff will be in…

TFE-Owned Self-Storage Property Transitions to Cubesmart in Lakewood, NJ

TFE Properties has expanded its partnership with CubeSmart, tapping the self-storage operator to manage an 820-unit facility near Route 70 in Lakewood. According to TFE, the complex at 925 New Hampshire Ave. is a former EZ Self Storage location that transitioned to CubeSmart in early April. The landlord now hopes to reap the benefits, noting that the 95,000-square-foot facility has been in its portfolio since 2001 and features computerized gate access and climate-controlled, ground-level and oversized units. TFE added that the building’s proximity to Route 70 and to new and…

Go Store It to Launch REIT, Offering Flexibility for Self Storage Investors and Owners

Go Store It Self Storage plans to launch a real estate investment trust (REIT) in mid-2025, consolidating a large share of its portfolio under one entity in a move designed to streamline operations, simplify investor structure and enhance access to capital. The REIT will replace Go Store It’s current tenancy-in-common (TIC) model, offering existing TIC investors a tax-deferred rollover option. The new structure will support more efficient fundraising, improve portfolio-level financing and better position the platform for future transactions, including the possibility of a public listing or portfolio sale. Go…

Gantry Arranges Financing for Self-Storage Properties in Bay Area and Santa Barbara, CA

Gantry has secured a total of $31.76 million of permanent loans to refinance three separately owned California self-storage facilities since the start of 2025, including two Bay Area properties. The most recent loan provided $9.76 million in May to refinance an 829-unit facility managed by ExtraSpace located at 224 N A St in Lompoc, a Central Coast community in Santa Barbara County. The second loan provided $10 million in April to refinance the 654-unit StoreLocal Oakley facility located at 4700 Main St. in Oakley, an eastern Bay Area suburb in…

Navigating Price Sensitivity Without Compromising Value in Self Storage

In today’s economy, price sensitivity is at an all-time high, and the self-storage industry is feeling the squeeze. With consumers scrutinizing every dollar, self-storage providers must walk a fine line between staying competitive and maintaining value. Grace Totty, VP of Marketing and Sales at Absolute Storage Management, offers a roadmap for doing just that in her presentation, “Navigating Price Sensitivity Without Compromising Value.” The shifting economic landscape has created a new kind of consumer: one who is more informed, more cautious, and more demanding. According to Totty, although the core…

Lockhart Storage Centers Select White Label Storage as Management Partner

White Label Storage has added six Lockhart Storage Centers facilities to its portfolio, further expanding its footprint in the Southeast and reinforcing its position as one of the fastest growing third-party management companies in the industry. “We’re proud to expand our relationship with Lockhart Storage Centers,” said Jennifer Barroqueiro, Vice President of Operations at White Label Storage. “Following the strong performance at Davenport, Lockhart entrusted us with the management of their additional Class A facilities in Florida, and we’ve already hit the ground running.” White Label Storage initially launched management…

Featured Brokers: Matthew Cox and Cole Carosella

Mr. Cox joined Argus Self Storage Advisors in November 2021 and is currently the Director – Valuation & Budgeting. He has been instrumental in elevating the firm’s financial and operational performance within the self-storage industry. With a robust background in development, acquisition, and brokerage, he has underwritten over 3,000 deals across the United States and now oversees financial reporting, revenue management, and underwriting for the national brokerage network at Argus. Prior to joining Argus, he contributed to the development of over $300M in class A self-storage facilities across the Western…