Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, has committed $9.9 million toward a proposed 74,172-square-foot self-storage facility in Louisville, Ky. If approved, the project would comprise 725 units in tw…
Developer Aims to Build Combination Self-Storage, Gas Station in Elk Grove, CA
Development company RD Capital is seeking zoning approval to build a mixed-use property in Elk Grove, Calif., that will include self-storage as well as a 7-Eleven gas station and convenience store. The proposal is for the 4.7-acre property on the north…
Self-Storage Owner/Developer Ventures Into LA Music Scene
Self-storage owner and developer Hugh W. Horne is backing a new music venue called The Lodge Room that’s opening next month in a building he owns at 104 N. Ave. 56 in Los Angeles. The entertainment setting will offer 500 seats in 8,000 square fee…
Pest-Proofing Your Self-Storage Property: Strategies and DIY Tips
Nothing can spoil a tenant’s perception of a self-storage facility quite like entering a unit and finding a pest infestation. Here are some strategies and do-it-yourself measures to help bug-proof your business.
Self-Storage Financing Forecast: Headwinds Will Stiffen for Borrowers
Except for new-development financing, there have been few post-recession headwinds for self-storage borrowers when seeking appealing loan alternatives. This article explains why operators and developers shouldn’t expect this calm weather pattern …
Self-Storage Rental Rates Continue to Grow in Arizona
Rental rates for self-storage units in Arizona have increased 15 percent since 2013, though the pace of growth has slowed during the last three years, according to data released this week by SpareFoot, an online marketplace for self-storage consumers. …
Peer-to-Peer Self-Storage Marketplace SimplyStow to Launch in Lancaster, PA
SimplyStow, a Lancaster, Pa.-based startup, is scheduled to launch a peer-to-peer self-storage marketplace next month that will serve the local community and student body at Franklin & Marshall College (F&M). Similar to other shared-economy net…
Simply Self Storage Enters Washington State With Seattle Acquisition
Simply Self Storage (SSS), which owns or manages 210 self-storage facilities in the United States and Puerto Rico, has acquired a facility in Seattle, its first in Washington. The property at 2811 N.W. Market St. is north of Salmon Bay in the Ballard n…
ISS, Janus Release Case Study on Tri-Village Self-Storage Development
Inside Self-Storage (ISS) and Janus International Group have released a new publication titled, “Case Study: Tri-Village Self Storage Offers a Tasteful Balance to Downtown Columbus Market.” The free downloadable PDF highlights the challenge…
California Department of Insurance Reverses Stance on Self-Storage Tenant-Protection Plans
Providers of self-storage tenant-protection plans received a blow last month when the California Department of Insurance (CDI) changed its previous stance on the definition of these programs during arguments made before the state supreme court. At issu…