by adowney | Jun 18, 2020 | News, People
Self-storage broker Cameron Vale is helping a multibillion-dollar conglomerate gain ground in the storage industry. Vale recently joined the newly formed Berkshire Hathaway Storage Group as senior vice president. The Greenville, SC-based group is affiliated with...
by adowney | Jun 11, 2020 | News
Self-storage professionals are objecting to a new ordinance that prohibits storage facilities in Los Angeles, CA, from collecting rent and late fees from tenants who’ve been financially squeezed by the coronavirus pandemic. Industry professionals complain that the...
by adowney | Jun 8, 2020 | General Storage Advice
An empty storage unit is full of possibilities. Like an empty closet or room in your house, planning and determination can make your storage unit an organized space for keeping items you need–and not just a messy depository of assorted junk. If you plan to...
by adowney | May 5, 2020 | General Storage Advice
If your shoe collection has been growing over the years, but your short-term storage is getting a little cramped, it may be time to consider some long-term shoe storage solutions. Here are some storage tips so you can give your collection of kicks the care and space...
by adowney | Apr 1, 2020 | News
Responding to social-distancing practices prompted by the coronavirus pandemic, self-storage operators big and small are favoring “no touch” over the human touch. In recent weeks, a number of self-storage operators have rolled out, beefed up or promoted “contactless”...
by adowney | Mar 18, 2020 | News
As an industry, self-storage is taking two approaches to the coronavirus pandemic — compassion and caution. Offering help during a crisis From the compassion perspective, several self-storage operators are temporarily offering free or discounted units to college...
by adowney | Mar 3, 2020 | How to Store It
There’s a reason why so many Grandmas use cast iron cookware: they love you and they want to cook you the most delicious food possible. But if you’ve ever been scolded by someone for improperly handling their cast iron skillet, you may be reluctant to...
by adowney | Feb 27, 2020 | News, Public Companies
Public Storage spent nearly $430 million last year to buy 44 self-storage facilities, and the REIT currently has a backlog of facility acquisitions. But the REIT also might be scooping up a fair amount of undeveloped land in 2020. Speaking Feb. 26 to Wall Street...
by adowney | Feb 23, 2020 | News, Public Companies
As fellow self-storage REIT Extra Space Storage already has done, Malvern, PA-based CubeSmart is predicting lackluster financial performance in 2020. On Feb. 20, CubeSmart projected same-store revenue growth of 0 percent to 1 percent this year compared with last year,...
by adowney | Feb 19, 2020 | News, Public Companies
Self-storage REIT Extra Space Storage on Feb. 18 issued a relatively weak forecast for 2020, highlighting what a research note from Citi called “continued deceleration” across the self-storage market. Along with reporting financial results for 2019, Salt Lake City,...
by adowney | Feb 16, 2020 | News, Public Companies
Public Storage, the largest self-storage REIT in the U.S., has made a nearly $2 billion buyout bid for Australia’s National Storage REIT. National Storage revealed the unsolicited offer from Public Storage in a Feb. 14 news release. The potential deal is valued at...
by adowney | Feb 5, 2020 | News
Miami, FL, is mulling two moves that would clamp down on self-storage development — moves that some industry observers welcome as a much-needed cooling-off period but that others view as government overreach. On January 15, Miami’s Planning, Zoning & Appeals Board...
by adowney | Jan 28, 2020 | News
As self-storage professionals know, moving ranks among the biggest drivers of self-storage rentals. But what happens to that chunk of business once the relocation rate in the U.S. drops to an all-time low? In 2018-19, just 9.8 percent of Americans moved, according to...
by adowney | Jan 23, 2020 | News, Private Companies
A Chattanooga, TN-based commercial real estate developer and investor is fueling the growth of its new self-storage division with proceeds from a recent asset sale. Hutton Co. Inc. is on track to launch its first two self-storage developments in early 2021, said Aaron...
by adowney | Jan 7, 2020 | News, Public Companies
A newly formed commercial real estate finance company whose offerings include self-storage loans filed Dec. 23 for a $110 million IPO. Dallas, TX-based NexPoint Real Estate Finance Inc., founded in 2019, plans to list its shares on the New York Stock Exchange under...
by adowney | Jan 2, 2020 | General Storage Advice
Every time the calendar flips from one year to the next, millions of us resolve to lose weight, quit smoking or reduce debt. But have you given much thought to getting your house in order? Are you tired of staring at all of those boxes crammed with clothes you haven’t...
