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A New York startup believes payroll data provides a more accurate view of self-storage demand than the industry’s long-held focus on population metrics. Union Realtime will soon unveil a technology offering, called Genesis, for self-storage owners/operators that tracks payroll data and other metrics to help them make business decisions such as where to acquire or…

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Storage REITs are finding that “good” may not be good enough to entice investors. The publicly traded storage REITs continue to outperform their REIT industry peers, but investor interest shows signs of cooling along with expectations of slower growth ahead. “Overall, the self-storage industry looks healthy,” said Brad Schwer, an equity analyst at Morningstar in…

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Texas has been at the forefront of the latest self-storage development cycle, but industry heavyweight Dean Jernigan thinks things are getting overheated. Jernigan, who leads publicly traded self-storage investment firm Jernigan Capital, added Austin and Dallas to the company’s “Danger List”—cities in which the amount of new supply under development exceeds 10 percent of the…

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Customer demand drove Terry Drayton to change the name of his pick-up-and-delivery storage company from “Storrage” to “Livible” about one year ago. But over the last three years since the company started, a lot more has changed besides the name. “Customers asked us to help them with much more than storage, so Storrage wasn’t a…