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…
Storable, the leading technology company for self storage operators, and The William Warren Group (WWG), a privately held entrepreneurial real estate company that operates the StorQuest® Self Storage family of brands, announced today that they have entered into a Facility Management Software Development Agreement in order to co-develop and support customized facility management software and…
Last month, StoragePRO Management snagged a contract to manage Gecko RV & Boat Storage in Roseburg, OR. The 120,276-square-foot storage facility is the company’s 92nd facility operating on its third-party management platform and its first location in Oregon. The Gecko property offers 171 storage units and 161 spots for vehicles. Features include 24-hour access and…
These are fast times at Storage Authority LLC, which is the only company nationwide that sells self-storage franchises to investors and other interested parties. The Sarasota, FL-based company expects to launch seven new franchises in the first five months of 2022, aiming to finish 2022 with between 20 and 24 new franchisees. That would double…
A growing Boston-based startup offers a way for operators to outsource the cumbersome task of managing liens with its artificial intelligence-enabled software platform. The company, AI Lean, recently obtained $1.9 million in venture funding to expand its customer success team and invest in product innovation. Launchpad Funding Group led the latest funding round. “We execute…
