As editor of the SpareFoot Storage Beat, I’d like to take a quick moment to share some exciting news from SpareFoot. Every year, Inside Self Storage hosts a Best of Business contest for the best vendors in the storage industry. We’re humbled and excited to say that SpareFoot has won Best Online Directory six consecutive…
The self-storage industry is in the midst of a development boom, and the deserts and mountains of Utah are no exception. There are about a dozen new projects underway in the city, which has a metro population around 1.1 million, the 48th largest metro area in the country. So what’s encouraging developers to build here?…
A dozen of the 50 largest self-storage operators in the U.S. are based in Southern California, with six of the 12 maintaining headquarters in Orange County. Other than the abundant sunshine and the many miles of beaches, why is Southern California essentially the epicenter of the country’s $38 billion self-storage industry? What is it about…
Troy Downing just emerged from a hunting trip, deep within the Alaskan wilderness. It was September 16, 2001. Downing quickly learned that the country had been attacked while he was off the grid, and his life would never be the same. “September 11 came around and it really punched me in the gut,” Downing said. On…
Last month, W. P. Carey Inc. announced it hired industry veteran Brian Boulter as its new director of Self-Storage. W. P. Carey ranked as the 8th largest owner/operator of self-storage assets in the United States, according to Inside Self-Storage. Boulter will be responsible for overseeing the management of the firm’s existing self-storage portfolio, which is…
Troy Downing, CEO of California-based AC Self Storage Solutions, has announced his plans to run for a U.S. Senate seat in 2018. Downing, a Republican, seeks to replace Democrat Jon Tester. A second Republican is also running, state Senator Al Olszewski. Downing’s company owns and operates more than one million square feet of storage space in…
Gary Delaney has barely settled into his new job as chief executive of Wheat Capital Management and he’s already thinking of taking off. Not taking off in terms of leaving the job. Taking off in terms of boosting Wheat Capital to new heights with a newly established fund focusing on self-storage development. Delaney, the veteran…
The following article is solely the opinion of the author. If you are interested in submitting an op/ed article for the Storage Beat, please contact editor@sparefoot.com. There is no doubt that “on demand” or “full service” storage is making waves within the storage industry, despite the lack of recognition from major self-storage operators. Top investment firms…
Memphis-based self-storage construction lender Jernigan Capital announced that Kelly Luttrell has been promoted to the role of Chief Financial Officer effective May 3. Luttrell will replace William Drummond, who will serve as a consultant following his retirement. Luttrell joined Jernigan Capital as corporate controller in September of 2015. As CFO she will also hold the…
During his decade-long career as a Seattle Seahawks cornerback, Marcus Trufant was generously compensated, lived the “NFL dream” and even got to play in the Super Bowl. But his NFL playing career also netted him numerous concussions, along with neck and back injuries, that can make it hard to even get out of bed some…
