Your self-storage facility’s management data reveals the story of your business. It isn’t just numbers on a page. Here’s advice on which reports to pull from your software and what all the figures tell you.
Jernigan Capital Closes Self-Storage Development Investments in Northern New Jersey
Update 12/20/17 – Jernigan Capital has made a second self-storage co-investment in Northern New Jersey, this time with Orlando, Fla.-based developer Structure Development LLC. The proposed three-story facility for 2 Commerce Center Drive in Dover…
Mini Storage Center of North and South Carolina Launches Rebranding, Renovation Initiative
Mini Storage Center is rebranding and renovating its 11 self-storage properties in North and South Carolina. The effort will include new signage, management software and security measures. The operator’s websites will also be revamped, and some o…
CFO for Westchester Self Storage in New York Wins Award
Peter Ferraro III, the chief financial officer (CFO) for New York-based Westchester Self Storage, was among 13 people named a “Top CFO of The Year” by the “Westchester County Business Journal.” The winners were chosen for their …
The Global Self-Storage Industry Surges Ahead: Trends, Awareness and More
International self-storage development is surging as major population centers continue to embrace the product and institutional funding looks for scalable development partners. Here’s global view of industry trends, awareness and transactions.
Missed Customer Calls: A Lost Self-Storage Sales and Service Opportunity
In this “Time for Action” video from 3 Mile Domination, Jim Ross discusses the importance of avoiding and tracking missed calls—a lost sales and service opportunity for a self-storage businesses. Most operators are missing out on more…
Self-Storage Facility Approved for Richfield, NC
Property owners Matthew and Danielle Mauldin recently received town-council approval to develop a self-storage facility in Richfield, N.C. The project along U.S. Highway 52 will comprise 18,000 square feet in 100 units. The council is hopeful the facil…
Prime Group Holdings Acquires Brooklyn, NY, Self-Storage Facility for $53M
Prime Group Holdings, a New York-based real estate group that owns self-storage and other real estate interests, has acquired a storage facility from Madison Development LLC in the Canarsie neighborhood of Brooklyn, N.Y., for $53 million. The 82,862-sq…
Adams Property Group Eyes Shuttered Grocery Store in Williamsburg, VA, for Self-Storage Development
Update 11/13/17 – The York County Planning Commission voted 5-2 last week to recommend that Adams Property Group receive the special-use permit it needs to move forward with its self-storage conversion. If the project is approved by the board of …
Impediments and Solutions to Self-Storage Approval: A Tale of Two Projects
The two greatest impediments facing self-storage developers today are finding a suitable site and securing approval from local government entities. Learn about two recent projects that overcame zoning challenges to move forward.