by Bruce Goldberg | Feb 20, 2018 | News, People
Live Oak Bank’s self-storage lending team has been on a hot streak since its 2015 formation. The Wilmington, NC-based company finished its 165th self-storage loan in December 2017, reaching a combined $350 million in loans made to company owner/operators...
by Bruce Goldberg | May 15, 2017 | News, Public Companies
A net income jump of nearly 50 percent, a rise of 70 percent in core funds from operations and the purchase of five self-storage properties helped National Storage Affiliates Trust to deliver a positive Q1 2017 earnings report on May 4. The Greenwood Village,...
by Bruce Goldberg | May 11, 2017 | City Guides, Denver, CO
New residents – especially millennials — are flocking to Denver these days. Though a severe housing shortage is pushing up home prices to record levels, you’re going to come here anyway. So to ease your path to acceptance, here are tips about how to sound like a...
by Bruce Goldberg | May 8, 2017 | News, Private Companies
A data-loving statistics guru is one factor behind NorthPoint Development’s push to fast become one of the nation’s major players in self-storage. The privately held Riverside, Missouri, company works in industrial properties, multifamily communities and senior living...
by Bruce Goldberg | Apr 4, 2017 | Investment, News, Private Companies
Self-storage operators could do a better job of listening to their customers, said Marcus Mollman, founder and CEO of Closetbox, which is fresh off of raising $5.5 million in a round of funding that ended March 22. “I’m not sure anyone in the traditional storage...
by Bruce Goldberg | Feb 16, 2017 | News, Public Companies
U-Haul will continue to seek growth in its self-storage business after 12 months of adding about 3.5 million net rentable square feet—two-thirds from its own developments, one-third from acquisitions—the company reported in results for the third quarter of fiscal year...
by Bruce Goldberg | Feb 14, 2017 | Development, News
Fast-growing Denver has many self-storage facilities in place — but there’s still room for more, according to a new joint venture that plans to spend about $40 million to build three such buildings in the metro Denver area this year. “While Denver, as a whole,...
by Bruce Goldberg | Jan 10, 2017 | News, Private Companies
Colorado entrepreneur Devin Eldridge has unveiled a new peer-to-peer storage app, and he hopes to get self-storage operators on board as well. Stow, based in Fort Collins, envisions homeowners making extra income from a garage, basement, outbuilding, land or elsewhere...
by Bruce Goldberg | Nov 21, 2016 | News, Public Companies
U-Haul continues to move full-speed ahead when it comes to increasing its self-storage business. “We have a pipeline full of self-storage products and I expect we’ll see an increased amount of inventory come in the next 12 months than in the prior 12 months,” said Joe...
by Bruce Goldberg | Aug 15, 2016 | News, Public Companies
U-Haul International continues to grow its self-storage revenue and space, its parent company reported in a recent earnings call. Amerco (NASDAQ: UHAL) reported that self-storage revenue rose $10.5 million, or 18.4 percent, year over year in the first quarter of...
by Bruce Goldberg | Apr 20, 2016 | Development, News
The business of man caves has spread to northern Colorado, where the Water Valley Land Co. plans to build large storage units for boys with toys. Expect to see a lot of boats, RVs and cars move in and out of the 120 or so units at Water Valley Vaults, which will...
by Bruce Goldberg | Jan 27, 2016 | Self Storage
Tenants nationwide at self-storage facilities use their storage units for the intended purpose: to store their excess belongings. But the rule breakers that ignore their lease agreements and operate businesses from their units provide the best stories in the industry....
by Bruce Goldberg | Dec 8, 2015 | News, Private Companies
Denver-based Closetbox faces a pleasant problem, according to CEO Marcus Mollmann: “It’s keeping up with the demand for our service.” Mollman, 39, launched Closetbox in the spring of 2014. The company, which offers monthly storage with home pick up included, has...
by Bruce Goldberg | Dec 1, 2015 | News, Private Companies
Richard Lamb thinks it’s inevitable: As acceptance of legal marijuana grows across the United States, many entrepreneurs will need lots of grow space for their plants. After one false start, he’s positioning himself to be a supplier -– not of weed, but of a turnkey...
