A man is in critical condition after a five-alarm fire broke out Tuesday morning inside a unit at Stateline Self Storage in Roscoe, Ill. The victim was conscious when airlifted to a local hospital, but suffered serious burns, according to a source.
Combating Computer Viruses and Hackers: Keeping Your Self-Storage Data Safe
When it comes to data breaches, every company is vulnerable, including self-storage businesses. Follow this advice to keep your facility and tenants’ sensitive information safe from cyberattacks.
ISS News Desk: Self-Storage Operators Raze, Rebuild Their Own Facilities
While it’s common for self-storage operators to upgrade and expand existing locations to keep up with industry trends and offer new services, razing a facility and rebuilding on the same property could become more prevalent as prime development l…
Former Pastor Launches Stor and Deliver Valet Self-Storage Service in Wichita, KS
Entrepreneur Bryson Butts, a former pastor, has launched Stor and Deliver LLC, a startup business specializing in valet self-storage in the Wichita, Kan., metropolitan area. The company uses an online platform that allows customers to schedule item pic…
Self-Storage REITs Strategic Storage Growth Trust, Strategic Storage Trust II Report 2Q 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…
Schroders Enters Self-Storage Market With 5-Property London Acquisition
Schroders PLC, a global investment-management firm, has entered the self-storage market with the purchase of a five-property portfolio in London for £44M. The Schroder UK Real Estate Fund (SREF) acquired the facilities from The Self-Storage Co. T…
Self-Storage Owner Battles Planning Staff on Proposed Topeka, KS, Project
A self-storage owner is facing opposition from city planning staff to build a $6 million office park that will include storage in East Topeka, Kans. Frank Meade, owner of Aeolian Mini-Warehouse & Storage, is seeking a zoning change to build 16,000 …
Learning to ‘Trump’ Your Self-Storage Property Taxes
The property-appraisal process is imperfect, and there are no national standards. Real estate moguls like Donald Trump use this to their advantage when it comes to reducing their tax assessments. Why shouldn’t self-storage owners do the same?
West Coast Self-Storage Opens New Facility in Shoreline, WA
West Coast Self-Storage Group has developed and opened a new facility in Shoreline, Wash., near Sheridan Beach. The property at 14535 Bothell Way N.E. comprises 64,780 rentable square feet of storage space in 696 climate-controlled and drive-up units. …
Clark Investment Group, Terrapin Investments to Build Self-Storage in Petaluma, CA
A joint venture between Clark Investment Group (CIP) and Terrapin Investments & Management Corp. intends to develop 75,000 square feet of self-storage in Petaluma, Calif. The $12 million project will comprise 830 climate-controlled and traditional …