Operating expenses and market competition need to be reviewed regularly to ensure the value of your self-storage property—and its cash flow—aren’t being undermined. Here’s a short list of items to examine.
Storm Pulls Roof Off Hinckley, IL, Self-Storage Facility, Destroys 20 Units
A Wednesday storm ripped the roof off a self-storage facility in Hinckley, Ill., sending building particles scattered and leaving the units vulnerable. The 11:30 p.m. gale demolished one of the two buildings at Hinckley Self Storage at 15331 Route 30. …
Self-Storage Firm Storage Asset Management Hires Project Manager/Analyst, District Manager
Storage Asset Management (SAM), a property-management and consulting firm, has hired Jim Ferguson as project manager/analyst and Jesse Livingston as district manager. Ferguson will supervise projects, analyze operational data and streamline processes f…
Self-Storage REITs Strategic Storage Growth Trust, Strategic Storage Trust II Report 1Q 2017 Results
Strategic Storage Growth Trust Inc. (SSGT) and Strategic Storage Trust II Inc. (SST II), both public, non-traded, self-storage real estate investment trusts (REITs) sponsored by SmartStop Asset Management LLC, have released their financial statements f…
Dominion Self-Storage Opens in Queen Creek, AZ
Dominion Self-Storage has opened a new facility in Queen Creek, Ariz., its second in the state. The property at 18729 E. Business Park Drive sits on just over 4 acres of land. It comprises 73,000 square feet of storage space in 528 climate-controlled a…
Global Self Storage Reports First-Quarter 2017 Results
Global Self Storage Inc., a self-storage real estate investment trust (REIT), has released its financial statement for the quarter that ended on March 31, 2017. During the first quarter, the company increased combined-store revenue 53 percent to $1.75 …
AC Self Storage Solutions CEO Files to Run Against US Sen. Tester in Montana
Update 10/2/17 – Downing was cited by Montana Fish, Wildlife and Parks officials in July for seven misdemeanors related to hunting and fishing licenses he obtained even though he didn’t meet the state’s residency requirements, accordi…
Police Arrest Transient Who Allegedly Beat and Robbed Placentia, CA, Self-Storage Employee
Police have arrested Michael Anthony Davis Jr. in connection with the assault and robbery of a self-storage employee in May. Officers with the El Paso County Sheriff’s Department found Davis on May 31 in a motel room in El Paso County, Colo., acc…
Is it Time for a Makeover? Tips to Perk Up Your Self-Storage Property
As competition heats up for self-storage operators, it’s imperative your facility is in top-notch shape. Whether you’ve grown accustomed to overlooking the cracks in your asphalt or no longer notice the peeling paint on your building, it&rsq…
5 Ways to Build a Better Self-Storage Management Team
It can be difficult to build and lead a successful self-storage management team—or to be a part of one. These five strategies will help you create a better crew for your operation.