Category: Sponsored

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…

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, 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…

  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 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? 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%…

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…

As recreational vehicles (RVs) and boats continue to surge in popularity, the need for adequate storage solutions has become increasingly important. Whether it is the allure of the open road or the call of the open water, enthusiasts are seeking convenient and secure options to store their beloved vehicles when they are not in use. In this article, we will explore the latest trends in RV and boat storage in 2023, highlighting the innovative solutions and emerging practices that are reshaping the industry. 1. Rise of Dedicated Storage Facilities: One…

When it comes to selecting your facility’s roll-up doors, accounting for wind pressure based on geographic location is important. How wind resistant your roll-up doors need to be will depend on your geographic location, as many locations have specific codes requiring their doors to withstand a minimum amount of pressure. Coastal properties are far too familiar with preparing for hurricanes and tropical depressions. As a result, states in coastal regions tend to have more stringent requirements. When strong enough, storm winds can generate major uplift indicating a significant increase in…

Following the record-breaking performance of the self-storage sector coming out of COVID-19, and the unprecedented transaction volume seen during 2021 and 2022, self storage stakeholders have been asking the question: what is next for self-storage? Will heightened investor demand for self-storage continues to fuel the sector’s capital markets? And was the operational performance we saw during the past two calendar years just a flash in the pan, or is it the new normal? Funds raised for self-storage are at an all-time high, both from private capital and institutional sources. Yet…