Recreational Storage Group is riding the Boat-RV storage wave that began a few years ago during the height of the COVID-19 pandemic. RSG, a New Jersey-based company led by industry veterans Erik Johnson and George Hristodoulou, recently announced that it has broken ground on a new 135,000-square-foot self-storage facility, with exterior Boat-RV storage, in Ocala,…

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…

MyPlace, a new self-storage venture recently founded by industry veteran Kurt O’Brien and financially backed by Nuveen Real Estate, expects to acquire and develop hundreds of self-storage facilities as it expands primarily in secondary markets in coming years, a top Nuveen executive says. Nuveen Real Estate, the huge real-estate investment company with $154 billion in…

“Well done is better than well said.” I repeat Benjamin Franklin’s wisdom in the boardroom regularly. In an era of corporate governance hogwash where buzzwords pollute conversations and mission statements, leaders must be held accountable and given the impetus to take action on the environmental front. Business is challenging enough with the geopolitical and inflationary…

In what could be the largest deal in self-storage history, industry leader Public Storage made an $11 billion unsolicited offer to purchase all outstanding shares of Life Storage. Life Storage, the country’s fourth largest self-storage owner, said the proposal was “substantially similar” to a privately made offer it rejected last month. “Our proposal would create…

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…