Here is a round up of all the self-storage news stories we didn’t get a chance to cover last week. Jernigan funds Miami developer more than $83 million Miami City Self-Storage secured a loan from Jernigan Capital for $83.3 million. The loan is secured by five self-storage facilities in South Florida, two of which are…
Here are three self-storage stories you might have missed this week. Not safe for storage A shoulder-fired rocket launcher was found in an abandoned storage unit at Stuff-It Storage in Hadley, MA. The facility called police when it discovered the weapon. Police said that the weapon is only designed to be used one time, and that…
Jernigan Capital CEO Dean Jernigan kicked off the company’s recent earnings conference call with his own spin on a classic Mark Twain quote: “The reports on the demise of the storage sector are greatly exaggerated.” The publicly-traded self-storage sector took a hit in 2017 as revenue growth decelerated at an alarming clip for many investors….
It’s been a busy week in the world of self-storage. Here are a few stories that you might have missed: Talk about a bad experience It is probably in the best interest of any self-storage operator to read through “My self-storage hell”, an article published by The Outline. The post outlines what one customer perceives…
This time next year, self-storage giant Public Storage will have a new leader at the helm. The company announced that Ron Havner will step down as CEO at the end of 2018 after more than 15 years in the role. Joe Russell, who currently serves as president, will replace Havner effective January 1, 2019. Havner…
Three storage properties in various stages of development by Wheat Capital Management will likely be seized by the federal government as the company founder Daniel Touizer awaits trial. The office of the U.S. Attorney for the Southern District of Florida filed liens to seize the properties, along with two residential properties owned by Touizer. In…
What did you miss in self-storage news this week? Here is a quick recap of all the stories that might have slipped through the cracks. MakeSpace founder launches new startup MakeSpace founder and former CEO Sam Rosen is cooking up a new startup that seeks to eliminate usage of plastic water bottles. Rosen left the…
Below is a quick recap of some of the self-storage related stories you might have missed this week. Storage tenants indicted for breaking into other units and stealing identities Four individuals in Columbus, OH were indicted by a grand jury on charges of theft, identity fraud, and breaking and entering. The accused allegedly rented units at…
Welcome to our new column where we try and catch up on a few news stories in the world of self-storage we didn’t get a chance to cover in the week that was. Public Storage looks to develop historic property in California Self-storage operator Public Storage has a deal to buy a 4.4 acre lot…
The self-storage industry built more than twice as many storage facilities in 2017 than it did the year before. That is according a new findings released by Union Realtime, a data firm that tracks the industry. The company identified a total of 791 self-storage facilities that were completed last year, compared to 359 properties in 2016….
