Enter the lobby of the new StoreEase self-storage facility in Hoover, AL and you’ll receive an enthusiastic greeting from a human manger. But don’t expect to shake their hand. That’s because StoreEase facilities and its managers aren’t physically there. Instead they appear on large video screens equipped with cameras to welcome customers, answer questions and…
Updated 1/27/2023 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 would like to share or have a question about data on this page, please email editor@sparefoot.com. In this report: Industry…
Looking for a recession-resistant place to put your money during these turbulent times? Better get in line. Recently two real estate funds announced that they had exceeded their fundraising goals, each closing with ten-figure sums with which to buy storage properties across the United States. Largest fund in self-storage history Saratoga Springs, NY-based Prime Group…
Ramser Development Company has hired Adam Deermount to serve as its Chief Investment Officer. In the new role, Deermount will be responsible for directing the strategic expansion of Ramser Development’s established portfolio of storage assets across the U.S. Ramser Development has operated in the RV and boat storage sector for the past 25 years. The…
Flatirons Asset Management has acquired 33 self-storage facilities from Red Dot Storage for an undisclosed price. Red Dot will continue to manage the facilities on behalf of Flatirons. “After this transaction we currently own 76 properties in 14 states,” said Scott Smith, CEO of Flatirons. Flatirons’ other properties are operated by Red Dot Storage as…
Amid mounting pressure from regulators, investors and lenders, the self-storage industry is starting to consider more its environmental impacts and seek out ways to reduce its contribution to global climate change. One such way is being pioneered by Houston-based GreenSpace Self-Storage, which reuses cargo containers to build self-storage facilities. The self-storage industry’s biggest environmental impact…
Last month StorageMart announced it was getting into the third-party management business. The new truSTORAGE platform will offer property management services to independent storage operators, allowing them to benefit from use of the StorageMart name, as well as the company’s proprietary revenue management system. To find out more about what StorageMart is up to with…
One of the country’s largest self-storage operators has been hit by a major data breach. Last week U-Haul notified affected customers of the incident, informing them that their names and driver’s license information had been compromised. The company said in the letter to customers that credit card information was not accessed by the hacker. A…
TAC Pearl River LLC, a division of Ardent Cos. of Atlanta, GA, secured a short-term, $18 million building loan to put up a climate-controlled, 106,900-square-foot, 420-unit self-storage facility in Pearl River, about 31 miles north of New York City. It will be located between Railroad Avenue and Route 304 in Pearl River. Fifth Third Bank…
Golden, CO-based Spartan Investment Group has been named to the Inc. 5000 Fastest Growing Companies in America list for the third year in a row. The company earned its highest spot on the list this year, coming in 128th place. The company reached #166 in 2021, and #308 in 2020. To earn the distinction, the…
