Sentry Self Storage Management Reports 1Q 2017 Financial Results

Sentry Self Storage Management, an industry management and consulting firm, has released its first-quarter 2017 operating results showing year-over-year improvement in revenue, net operating income (NOI) and occupancy. The company reported revenue growth of 7.1. percent and a 1.3 percent increase in property expenses, which resulted in a 9.1 Read More>>Inside Self Storage

OpenTech Signs Exclusive Agreement to Sell and Support Self-Storage Robot Keylo in North America

OpenTech Alliance Inc., a Phoenix-based provider of self-storage kiosks, call-center services and other technology, has signed an exclusive distribution agreement with France-based robotics-engineering company Wyca SAS to sell and support its Keylo robot in North America. The robot is designed to assist self-storage customers in renting units, Read More>>Inside Self Storage

Driving Self-Storage Revenue With Truck Rental

Truck rentals are an excellent service self-storage operators can offer to generate additional revenue. Here’s a look at some simple and unique ways to expand this program into a superior profit center. Read More>>Inside Self Storage

Jernigan Capital Pumps $21M in 2 Self-Storage Projects

The two prospective multi-story climate-controlled facilities total 1,625 units and are located in Atlanta and Largo, Fla. Jernigan Capital Inc. has invested $20.6 million in two planned self-storage developments. The two proposed multi-story climate-controlled facilities will be located in Atlanta and Largo, Fla. Read More>>Real Estate News

Record Leasing Numbers at N.C. Self-Storage Facility

10 Federal, a company that acquires, develops, constructs and manages multifamily and self-storage properties in North Carolina, recently announced that its recently opened, fully automated self-storage facility at 3802 Angier Ave. in Durham, N.C., leased a record 77 units in a single month. The firm’s 2542 South Alston Ave. facility held the previous record with 48 leases in May 2016. …

Self-Storage REITs Release Financial Results for First-Quarter 2017

The five largest publicly traded, U.S.-based. self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have released financial statements for the quarter that ended March 31, 2017. In general, all five entities showed gains in key Read More>>Inside Self Storage

A New View of Self-Storage Expense Management

If you’ve been managing a self-storage facility for a while, you know things can always go wrong; and those things can cost your business time and money. Here’s a new way to look at the issue of expense management. Read More>>Inside Self Storage

Will the Self-Storage Sector Rebound from 2016 Setback?

A planned 100,000-sq.-ft. facility in West Palm Beach, Fla. appears to break new ground in how self-storage properties are developed. Aside from 830 climate-controlled self-storage units, the mixed-use project will also include 1,200 sq. ft. of rentable retail space on the ground floor. This is part of a larger effort on the part of municipalities to restrict the development of …

Harrison Street Real Estate Capital Acquires Portfolio of 15 Self-Storage Properties

Investment-management firm Harrison Street Real Estate Capital LLC (HSRE), which has extensive interests in “needs-based” real estate, including self-storage, has acquired a portfolio of 15 self-storage properties in Arizona, California, Colorado and Minnesota. Together, the assets comprise approximately 1.4 million net rentable square Read More>>Inside Self Storage

Creative Investment Strategies for Self-Storage Acquisitions

Successful investment in self-storage can be accomplished through several strategies, all with varying levels of risk and reward. Here are three creative options: commercial condominium acquisitions, bridge-loan financing and joint-venture equity partnerships. Read More>>Inside Self Storage

Self-Storage Could Be Banned From Parts of Downtown Charleston, SC

Officials in Charleston, S.C., may tighten restrictions on self-storage, including banning the business use from its urban commercial district near downtown. The planning commission is expected to consider the action on Wednesday, along with reclassifying self-storage from a conditional use to a special exception in areas of the city zoned for Read More>>Inside Self Storage