Culver City, CA-based on-demand storage company Clutter has closed the nascent industry’s biggest funding round yet. Investors are putting $200 million into the four-year-old company, which will enable the firm to rapidly expand into new markets across the United States. Clutter also says it will be “doubling down” on its existing operations in Los Angeles,…
Over the last few years a new segment of the storage industry emerged: on-demand storage. The concept is fairly simple. Customers pack up their belongings and a company comes and picks them up and puts them in storage. When a customer wants something back, they use an app or website to request a delivery. The…
Did self-storage giant Public Storage mislead tenants into buying their in-house insurance product? That’s the central question at the heart of a class action trial that started in California on Monday. The suit seeks $100 million in restitution for the plaintiffs who claim that employees of the storage REIT told customers that they must buy…
One of the country’s largest self-storage companies is starting the year by refinancing the bulk of its U.S. portfolio with a major CMBS deal. Columbia, MO-based self-storage operator StorageMart landed the $814.1 million financing from Citi Real Estate Funding. The CMBS (short for commercial mortgage-back securities) funding is secured by 101 self-storage facilities spread across…
Union Realtime, a provider of data and analytics solutions for the self-storage industry, has hired Theresa Gallas to serve as its chief business development officer. Previously Gallas was president of List Self Storage, a property listing website for the industry which she co-founded. At Union Realtime, Gallas will be responsible for developing client relationships, general…
Austin, TX-based FineView Marketing has tapped Chuck Vion to serve as its chief marketing officer. Vion was most recently marketing director for SiteLink, the self-storage management software company. Vion comes with a total of 22 years of marketing and self-storage experience, including three and half years as marketing director at SiteLink. Vion will be responsible…
Another year in the self-storage industry has come and gone, and as usual, new milestones were reached and various companies made big moves. Before 2019 gets into full swing, let’s take a moment to look back at the biggest stories of last year. The below headlines are some of our most popular reads of the…
Updated 12/19/2018 This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have data that you’d like to share or have a question about data on this page, please email editor@sparefoot.com. Self-storage sector snapshot Average monthly…
Self-storage industry figure Rick Yonis passed away last month at the age of 61. A fixture at state and national trade shows, Yonis was president of Sentry Self Storage Management, a Coral Springs, FL-based operator with 24 owned and managed facilities in Texas, Florida, Georgia and South Carolina. Yonis stepped down from the position in…
The William Warren Group purchased three self-storage facilities in Miami-Dade County for $100 million. The facilities were sold by CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties, operator of US Storage Centers. The facilities are located at 1396 Northeast 125th Street, 1555 West Dixie Highway and 13301 Southwest 87th…
