The Tennessee Self Storage Association (TNSSA) has named Ashley Dawn, manager of the Mt. Juliet, Tenn., location for A+ Storage of Tennessee LLC, as its 2015 “Manager of the Year.” It’s the third time an A+ Storage manager has receive…
Sovran Self Storage/Uncle Bob’s Acquires Glenolden Self Storage in PA
Sovran Self Storage Inc., a real estate investment trust that operates the Uncle Bob’s Self Storage brand, has acquired Glenolden Self Storage in Glenolden, Pa., a suburb of Philadelphia, in an all-cash transaction. The property at 407 Chester Pike was…
Marcus & Millichap Adds New Senior Directors of National Self Storage Group
Commercial property-investment firm Marcus & Millichap has promoted first vice president of investments Sean Delaney from director of its National Self Storage Group (NSSG) to senior director. Stacey Gorman has also been named a NSSG senior directo…
The Basics of Self-Storage Financing: Qualifications, Types, Terms and More
There are a few basic reasons why a self-storage owner would seek a commercial loan: the acquisition of a new facility, the refinance of an existing loan or the expansion of an existing facility. This article provides an overview of mortgage qualificat…
Drug Deal at Padstow, Australia, Self-Storage Facility Allegedly Ends in Murder
Investigators believe an apparent drug deal ended in a murder nearly two years ago at a Rent A Space self-storage facility in Padstow, Australia. Suspects Glen McNamara, 56, and Roger Rogerson, 72, are on trial for the May 2014 murder of Jamie Gao, 20,…
Boston Valet-Storage Operator Cubiq Works in Tandem With Existing Self-Storage Operations
Cubiq, an app-based business specializing in valet-storage services in Boston, is renting units from traditional self-storage operators in the market to store customer goods rather than lease warehouse space. The company, which offers by-the-bin pickup…
Storage Rentals of America Joins StoreLocal Co-Op
Storage Rentals of America, which operates 38 self-storage facilities in four states, has joined StoreLocal Corp., a co-operative of private self-storage operators in Canada and the United States, as a founding member. Benjamin Macfarland, CEO and mana…
Green Storage Plus Opens Eco-Friendly Self-Storage Facility in Spicewood, TX
Green Storage Plus has opened an environmentally friendly self-storage facility in Spicewood, a suburb of Austin, Texas. The first phase of the property at 5216 Electric Ave. includes 611 climate-controlled units, 42 solar panels, LED lighting, an onsi…
Sending Out an SOS: When Should Self-Storage Managers Seek Help?
Every self-storage manager needs help from time to time. Perhaps you’re ill, overwhelmed or under qualified for a task, or simply need validation that you’re on the right path. You don’t want to appear inept, lazy or weak. Fortunately…
Amsdell Cos./Compass Self Storage Expands in Nashville, TN
Update 5/11/16 – Compass Self Storage has further expanded its footprint in the Nashville market with the purchase of the Stor N Lock facility at 1703 Green Lane in Shelbyville, Tenn. The property was acquired by separate affiliates of Amsdell Gr…