Contributed by Hunter Reynolds and Austin McLeod of Matthews Real Estate Investment Services. Consumers are seeking convenience over everything else. This evolving consumer preference has caused a dramatic shift in customer-driven operations nationwide. In particular, the self-storage sector has seen an influx of operation adaptation as the industry works to meet consumers’ needs. Although the…
There’s no denying it: Social media is a boon for businesses that know how to use it to their advantage. Just take a look at Storage Asset Management (SAM). Founded in 2010, SAM manages more than 270 stores today, encompassing more than 17 million square feet of self-storage in 33 states — pretty impressive, given…
When you think of a self-storage facility what do you immediately visualize? Is it rows and rows of one-story buildings with large doors? Or maybe big metal boxes in the middle of nowhere? For many, these images are top of mind even though they don’t represent the best of today’s storage industry. “There is definitely a…
Talonvest Capital, Inc. and its client Get Space, LLC have successfully closed a $16,000,000 life insurance company, 10-year, fixed rate loan secured by two self storage facilities in the Pacific Northwest. The Portland, OR and Vancouver, WA properties have 122,000 combined net rentable square feet in 1,257 storage units and feature climate-controlled units, as well as…
With the opening of a new facility in Walnut Creek, CA, StorQuest Self Storage crossed an important milestone by opening its 200th location. “We’re incredibly proud to be 200 StorQuest locations strong,” said founder and CEO Bill Hobin. “But I’m even more proud of the nearly 500 members of our team spread across the country…
Stache, a company growing the sharing economy, is expanding its storage marketplace to Atlanta, Charlotte, Raleigh, and the Chapel Hill-Durham communities, building out its business in the Southeast region. Self-storage units are heavily used, with one in 10 American families renting space every year. Stache provides an alternative where people can share their excess space…
Tax season is just around the corner and self-storage owners need to start working on properly filing for their business. Self-storage facilities have a lot of moving parts and can have different investors. This can make properly filing your taxes for your self-storage facility a complicated process. As a partner for a CPA Firm that…
EQT makes major investment in Storable to become the lead investor alongside existing investors, Cove Hill Partners and the Storable management team. Austin, Texas — December, 16 2020 — Storable, the self-storage industry’s leading technology provider, today announced that global investment organization EQT has joined Cove Hill Partners and the Storable management team as an investment…
Irvine, CA – June 18, 2020 – Self storage and commercial real estate advisor Talonvest Capital, Inc. negotiated the late-May closing of a $10,240,000 bridge loan on behalf of York RE Capital Partners with its institutional JV equity partner as well as the early-June closing of $9,000,000 in CMBS financing on behalf of an experienced…
During a crisis or an economic downturn, there are many people going through life changes who become new storage tenants. In order to make sure that your storage business is effectively serving these potential tenants’ needs, it’s important that you’re communicating effectively. Of course, great communication shouldn’t just be limited to a recession. It’s an…
