After seven years on the job, David Rogers will step down as CEO of Williamsville, NY-based storage REIT Life Storage effective March 2019. The company will promote current Chief Investment Officer Joseph Saffire to the top spot. Rogers will retain a seat on the company’s board of directors. “His efforts to advance our real estate…
AUSTIN, TEXAS, August 30, 2018— storEDGE, a cutting-edge technology organization, is now part of the SpareFoot and SiteLink self-storage technology family, backed by Cove Hill Partners. storEDGE brings a host of best-in-class products to the existing offerings of SpareFoot and SiteLink, including marketing websites, online rentals and cloud access control tools, in addition to their…
Owned by Santa Monica-based real estate firm The William Warren Group, storage operator StorQuest Self Storage has steadily grown from its SoCal beginnings into a network of 145 self-storage facilities across the country. As developers churn out new facilities across the country, StorQuest is putting an even bigger emphasis on its third-party management platform than ever before. Many of…
Austin, TX August 1, 2018 — SpareFoot, the largest marketplace for self-storage, has been awarded Best Online Directory from Inside Self-Storage (ISS) for the 8th consecutive year. Every year, Inside Self-Storage hosts a ISS Best of Business contest for the best vendors in the industry. “SpareFoot would like to thank all the excellent clients who’ve…
National Storage Affiliates, a Greenwood Village, CO-based real estate investment trust, has struck a deal to acquire 112 self-storage locations from Orlando, FL-based Simply Self Storage for $1.325 billion dollars. Simply is majority owned by Toronto-based Brookfield Asset Management. The portfolio features 8.7 million rentable square feet of space in over 68,000 storage units. The properties…
Raleigh, N.C. June 15, 2018 — SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, announces a new interactive site map, complete with 3D rotating views and website compatibility. The 3D Map is a major addition to myHub for the many users operating from tablets, often directly from…
For the first time since 2013, the average price of a self-storage unit in Illinois has increased above $81 according to recent data from SpareFoot. In 2017, the average price was $81.34 which was up from $79.71 in 2016, and just under the highest average so far this decade—$81.65. Since 2010, prices increased in the…
With about $3.5 billion spent on self-storage development in 2016, and up to $4 billion expected this year, the outlook for next year is still up in the air. Even the country’s largest self-storage operator is still discerning which way the development winds will blow. “2019 I would say is still a bit cloudy,” said…
As development brings a surge of new supply to the market, renting a storage unit in New York City is getting cheaper. The average price to rent a storage unit in New York City dropped 9.8 percent from 2016 to 2017, according to reservations made on SpareFoot’s network. In 2017, the average monthly price to…
Goldendale, WA-based self-storage operator Iron Guard Storage recently obtained $98.15 million from a CMBS loan backed by its 22-property portfolio. The portfolio covers a total of 1.3 million square feet of space in seven states: Texas, Georgia, Alabama, Nevada, Washington, North Carolina and Virginia. The financing was arranged by Chicago based advisor The BSC Group….
