Wine storage can be an effective way to differentiate a self-storage business in a competitive market as well as create a new revenue stream. Here are several factors to determine if targeting wine enthusiasts makes sense for your business.
Self-Storage Businesses Impacted, Rally in Wake of Hurricane Harvey
The devastation of Hurricane Harvey is widespread. Here’s an overview of how some self-storage operators have been impacted, how industry-related businesses are offering aid and other assistance, and some resources for those wishing to contribute…
O&H Investments to Convert Kmart to Self-Storage in Topeka, KS
O&H Investments, which operates seven Affordable Family Storage facilities in Iowa and Missouri, plans to convert a former Kmart in Topeka, Kans., to self-storage. The company purchased the site at 240 S.E. 29th, which also includes two leased spac…
Safeguard Self Storage Facility on Track for Completion in East Rockaway, NY
Safeguard Self Storage, which operates facilities throughout the eastern states, is on track to complete its new facility in East Rockaway, N.Y., by February. Once finished, the property at 499 Ocean Ave. will include 600 climate-controlled units, 12 o…
Jernigan Capital Co-Invests $9M in Orlando, FL, Self-Storage Project
Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, has committed $9 million toward a proposed 77,125-square-foot self-storage facility in Orlando, Fla. The multi-story, climate-controlled facility at 9001 Eastma…
Big Yellow Self Storage Executive Invests in CityStasher UK Startup
James Gibson, CEO of U.K. self-storage operator Big Yellow Group PLC, has invested £100,000 in CityStasher, a Web-based startup that connects travelers who need to temporarily store backpacks, luggage and other items with businesses willing to ha…
Self-Storage Revenue Management: The Art-Meets-Science Approach to Pricing
As larger self-storage operators develop more sophisticated revenue-management programs, those will smaller portfolios and sites can no longer avoid creating their own competitive pricing strategy. The best rental-rate plan is a mix of art and science….
SpareFoot Hits $1B Mark in Revenue Generated for Self-Storage Clients
SpareFoot, an online marketplace for self-storage consumers, has surpassed $1 billion in revenue generated for storage operators since launching in August 2008. Through nine years of operation, consumers using the SpareFoot platform have rented more th…
Self-Storage Firms Lend a Helping Hand to Hurricane Harvey Victims
Update 9/5/17 – Connecticut-based Westy Self Storage and online storage marketplace SpareFoot have also announced programs to assist victims of Hurricane Harvey.Lockaway Storage, Metro Storage LLC and U-Haul International Inc. are among the self-…
Self-Storage Firm Investment Real Estate LLC Hires General Accountant
Investment Real Estate LLC (IRE), a property-management and consulting firm serving the self-storage industry, has hired Elaine Scott as general accountant and Anna Hartman as property accountant.