“Capitalization (cap) rate” is the most used and least understood financial term in self-storage. Here’s some insight to what it means, how it factors into potential property income, and how it can be used to determine facility value….
Valet Self-Storage Firm Closetbox Completes $7.3M Round of Funding
Closetbox Inc., a startup business specializing in valet self-storage services, raised $7.3 million in a recent Series-A funding round. The company will primarily invest the money across marketing channels. “Most of the funding will be officially…
Self-Storage Building Manufacturer Janus International Acquired by Clearlake Capital Group
Janus International Group LLC, a manufacturer of self-storage roll-up doors and building components, is being acquired by private investment firm Clearlake Capital Group LP. The deal is in partnership with the Janus management team, according to a pres…
Georgia Self Storage Association Announces 2018-19 Board
The Georgia Self Storage Association (GASSA) has elected new board members for 2018-19. Members recently voted to extend board terms for directors from one to two years. They also approved automatic succession for the executive council after one year, …
UCLA Scientists Pioneer a New Approach to a More Effective Flu Vaccine
Influenza virus particles. UCLA scientists developed a new technique to identify and eliminate the virus’s defense mechanisms. Courtesy of National Institute on Allergy and Infectious Diseases/NIH More than 700,000 Americans were hospitalized due…
Gracie Development Gets Permit to Build Self-Storage in Holly Springs, GA
New York-based real estate developer Gracie Development LLC received initial permission last week to build a self-storage facility in Holly Springs, Ga. The planning and zoning commission unanimously approved a conditional-use permit for the property a…
Flu May Be Spread Just By Breathing, New Research Shows
A study participant sits in the Gesundheit II machine, which is used to capture and analyze influenza virus in exhaled breath at the University of Maryland School of Public Health. Courtesy of University of Maryland It is easier to spread the influenza…
Researchers Begin Isolating Blood-Feeding and Non-Biting Genes in Mosquitoes
Researchers have taken the first step on a path that eventually could result in female mosquitoes that no longer bite and spread diseases. A group of scientists at the University of Birmingham, University of Oregon, Oregon Health and Science University…
Genomic Sequencing Could Identify Infecting Organisms After Joint Replacement
Joint replacement surgery carries the risk of developing an infection in the replaced joint, which can lead to a so-called revision or re-do of the joint replacement. However, current diagnostic practices can fail to detect bacteria in 30 percent to 50…
Cochrane Review Says Reminding People About Vaccinations Can Increase Rates of Immunization
Rates of immunization against infectious diseases in children and adults are improving, but under-vaccination remains a problem that results in vaccine-preventable deaths and illnesses. In Europe, 11,316 cases of measles were reported during 2012, and …