An armed man was shot and killed this morning by a police officer on the grounds of Pulaski Storage in Pulaski, Va. The incident occurred about 12:55 a.m. when the officer approached a suspicious vehicle while conducting a routine security check of the…
A Self-Storage Investor’s Guide to CMBS Legal Requirements, Part 1: The Single-Purpose Entity
Commercial mortgage-backed securities loans are a popular choice among sophisticated self-storage borrowers, but many investors struggle to make sense of the complex legal requirements. This article will help you better understand the prerequisites and…
SpareFoot Publishes List of Highest Paid Self-Storage REIT Executives in 2014
SpareFoot, an online marketplace for self-storage consumers, has published a list of the highest paid executives in 2014 from the four publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage I…
Self-Storage REITs Release Financial Results for First-Quarter 2015
The four publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.—have released financial statements for the quarter that ended Marc…
World Class Capital Group/Great Value Storage Buys 7-Property Self-Storage Portfolio in Columbus, OH
Real estate investment firm World Class Capital Group LLC (WCCG) has acquired a seven-property self-storage portfolio in Columbus, Ohio. Formerly operated as Mini Storage Depot, the facilities will be rebranded and managed by Great Value Storage, WCCG&…
Self-Storage Operator U-Haul Buys Palo Verde Mini Storage in Mesa, AZ, for $3.9M
Self-Storage operator U-Haul International Inc. has acquired the former Palo Verde Mini Storage in Mesa, Ariz., for $3.9 million, or $70 per square foot. Rebranded as U-Haul Moving & Storage of Riverview, the property at 255 E. McKellips Road inclu…
Be Part of the Manager-Compensation Survey!
Please participate in our ANONYMOUS, innovative survey that will help the industry establish healthier standards for manager pay. The results will be shared this fall via the ISS website and magazine.
Self-Storage Renovations: 4 Ways to Upgrade Your Facility Exterior
Renovations for older self-storage properties come in many forms, and at varying costs. Here’s a look at four ways to improve your property’s exterior.
Just Reward: Are Customer Loyalty Programs Right for Self-Storage?
The prevalence of loyalty programs means consumers are becoming conditioned to expect them as a normal byproduct of choosing to spend discretionary income with a particular brand. As the evolution of self-storage moves increasingly toward specialty ret…
Valet Self-Storage Business SpaceWays Ends Service in Chicago
SpaceWays, a valet self-storage business that kicked off its service last year in Chicago, London, Paris and Toronto before expanding to Sydney in 2015, is shutting down its operation in the Windy City, according to a report by “ChicagoInno,&rdqu…