With so many types of insurance on the market to protect your self-storage business from risk, you may be tempted to skip on workers’ compensation. Here’s an overview of this coverage and why it’s vital to your operation.
United Development to Convert Office Complex to Self-Storage in North Dallas
Real estate firm United Development Co., in partnership with Lone Star Self Storage, has purchased an office park in North Dallas with plans to demolish a portion of it and build a self-storage facility. The three-building Park Forest Office Complex at…
Tulfra Real Estate Proposes Self-Storage and Pharmacy Project for Belleville, NJ
The Belleville, N.J., Planning Board approved a site plan on Oct. 12 for a mixed-use project that will include a four-story self-storage facility and a pharmacy at 11 Franklin Ave. Real estate developers 11 Franklin Ave. Redeveloper LLC and Tulfra Real…
CubeSmart Withdraws Application to Convert Cleveland Heights, OH, Walmart to Self-Storage
CubeSmart, a self-storage real estate investment trust and third-party management firm, withdrew its application this week to convert a vacant Walmart in Cleveland Heights, Ohio, to self-storage. The property at 3606 Mayfield Road is in the Severance T…
Self-Storage Proposed for Former Landfill Site in Savannah, GA
Property owners Sherwin and Brian Robin are seeking zoning approval to build a single-story self-storage facility on a former dump site in the Bacon Park neighborhood of Savannah, Ga. The Savannah City Council discussed the proposal for the 9.3-acre pa…
Merit Hill Capital Buys 6-Property Compass Self Storage Portfolio in Memphis, TN
Merit Hill Capital LP, an investment firm launched late last year to pursue self-storage acquisitions and development opportunities, has purchased a six-property Compass Self Storage portfolio from the Amsdell Cos. The facilities serve the Memphis, Ten…
Bee Safe Plans Downtown Self-Storage Facilities in Charlotte and Winston-Salem, NC
Bee Safe Storage and Wine Cellar, a Greensboro, N.C.-based self-storage operator with five locations in the state, is planning two new facilities in Charlotte and Winston-Salem, N.C., its first in downtown markets. The Charlotte project has caused some…
Rosewood Property Co Acquires 5 Self-Storage Facilities in Unrevealed Markets
Rosewood Property Co. (RPC), a Dallas-based real estate firm, has acquired five self-storage properties in major markets nationwide. The specific locations will be identified pending legal and governmental approvals, according to a press release.
StorageMart Acquires Self-Storage Facility in Bognor Regis, England
StorageMart, which operates more than 190 self-storage properties across Canada, the United Kingdom and the United States, has purchased a facility in Bognor Regis, England. The company now owns 16 sites in the United Kingdom, according to a press rele…
Regular Maintenance for Your Self-Storage Security System
Theft, vandalism, arson and other property damage that result from an improperly functioning security system can have a devastating impact on your self-storage business. Take the following steps to keep your hardware and software in tip-top shape.