At one time, remotely managed facilities were the future of the self-storage industry. But not anymore. That’s right, the future is now for remote management. This model helps maximize both profits and time, keeping you several steps ahead of the competition in the race for customers. And when it comes to races like that, a quote from Will Ferrell’s iconic character from the film Talladega Nights comes to mind: “If you ain’t first, you’re last.” In case you’re unfamiliar with the concept of remote management, it refers to cutting-edge technology…
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StorQuest Partners with Nonprofit Allies SeaTrees, Sustainable Surf and StorQuest Ambassador Abe Kislevitz for International Surfing Day EcoBoard Giveaway
StorQuest Self Storage has embarked on a significant creative partnership with environmental nonprofits and sustainability-minded surfers. This collaboration, designed to celebrate International Surfing Day, was marked by an Eco Surfboard Giveaway. The aim was to ignite conversations about sustainability within the surfing world and beyond. StorQuest brought together a team that included the nonprofit SeaTrees, a leading organization in marine ecosystem restoration, Sustainable Surf, a pioneer in sustainable surfing practices, and renowned action sports influencer Abe Kislevitz and surfboard shaper Ryan Harris. The fortunate winner of the giveaway contest, Ryan…
20 Finding Land Hacks I wish I had known Sooner – By Marc Goodin, Founder of Storage Authority
Storage Authority provides you with detailed information and guidance to both understand and implement these tips to find superior properties faster. As you look for land it is critical to understand the land mines so you can avoid them. Here are 10 traps: https://www.storageauthorityfranchise.com/post/10-real-estate-traps-for-self-storage-developers 1.Start looking for land today! Don’t wait until you are a land expert. This day may never come. 2 hours a day = 14 hours a week = 728 hours a year. This is the number one key to finding land. Storage Authority Franchise owners have…
JLL Capital Markets Arranges Financing for Dallas-Area Self-Storage Facility
Anna Self Storage is an 840-unit property located in Anna, Texas We’re always looking to bolster our portfolio with strategically-located assets in our backyard. We remain especially bullish on the long-term prospects for the DFW metroplex. The Anna acquisition adds to our existing portfolio in the area, and further represents the opportunity to own the premier storage facility along the I-75 corridor.” – Jonathan Vollinger, Director of Acquisitions at HPI JLL Capital Markets announced today that it has arranged financing for Anna Self Storage, an 840-unit self-storage facility in Anna,…
Argus Self Storage Advisors Welcomes New Broker Affiliate for The State Of Michigan
Argus Self Storage Advisors is pleased to welcome Kevin Friedman as its Broker Affiliate representative for the state of Michigan. Kevin is the owner and principal broker of Hayes Ventures LLC in Bloomfield Hills, MI and has been transacting in the self-storage sector exclusively for over a decade. He specializes in the acquisition, disposition, and valuation of self-storage properties of all types and sizes. Kevin is dedicated to delivering exceptional value and service to his clients while collaborating with them to achieve their sales and acquisition goals. Before forming Hayes…
Reduce Down Payments and Overcome Appraisal Shortfalls with SBA 504
With the Small Business Administration (SBA) 504 loan program, the property only needs to appraise at 90% of the total costs. This buffer can overcome regulatory loan-to-value restrictions for your financial institution. Consider this case study: A prospect wants to buy a $1,000,000 building. You propose lending 80%, or $800,000. However, the appraisal comes back at $900,000. Using the 80% LTV limit, your loan would be restricted to $720,000, requiring the prospect to bring an additional $80,000 in cash, potentially killing the deal. The SBA 504 program allows for a…
Pogoda Awarded Two New Management Contracts in Detroit, MI and Dayton, OH
Michigan-based Pogoda Companies, a leading provider of self-storage management services, is pleased to announce two new management contracts in Detroit, Michigan and Dayton, Ohio. National Storage Detroit – New Center, Detroit, Michigan National Storage-New Center has 19,200 square feet of climate-controlled space in 189 units with room to expand. This Detroit location is nestled within the bottom two floors of the historic Albert Kahn building and was the former home of Saks Fifth Avenue. National Storage Dayton – Woodman Drive, Dayton, Ohio National Storage-Woodman in Dayton, Ohio has 68,200…
Storage Authority Welcomes Kevin Harless to the Team as the Director of Development
To meet Storage Authority’s rapid expansion demands, we continue to employ the industry’s most talented experts from the self-storage trenches. Join us in welcoming Kevin Harless to the Storage Authority team as the Director of Development. “Kevin’s over 15 years of experience at U-Haul and self-storage consulting brings incredible value to our franchisees.” Marc Goodin Kevin’s extensive experience in self-storage development, knocking on doors, technology, and property acquisitions will bring the Storage Authority development platform to new heights. Storage Authority is the only self-storage franchise in the US. They have…
Janus International Group Announces Acquisition of Terminal Maintenance and Construction
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, today announced its acquisition of Terminal Maintenance and Construction (“TMC”), a premier provider of terminal maintenance services for the trucking industry in the Southeast. While initially continuing to focus on commercial customers, TMC’s integration will ultimately help support the growth of Janus’s Facilitate division, which offers complete facility maintenance services. Headquartered in Madison, Georgia, TMC’s offerings include trucking terminal…
Thomas de Jong, SIOR, Executive Vice President of the National Self Storage Team at Colliers, Receives SIOR Top 2023 Transaction Award
Thomas de Jong, SIOR, was recently honored by the Society of Industrial and Office Realtors® (SIOR), which represents the world’s elite in industrial and office brokerage, for its 2023 Top Transaction Awards in the category of Largest Alternative Space. The awards, given annually to SIOR members who complete the largest transactions with one or more additional SIORs, demonstrate the power of the exclusive SIOR network. The sale of 97,600 square feet of space located in Bakersfield, California closed at $9.1 million. de Jong, SIOR, executive vice president of the National…