Union Realtime, a provider of data and analytics solutions for the self-storage industry, has hired Theresa Gallas to serve as its chief business development officer. Previously Gallas was president of List Self Storage, a property listing website for the industry which she co-founded. At Union Realtime, Gallas will be responsible for developing client relationships, general…
Austin, TX-based FineView Marketing has tapped Chuck Vion to serve as its chief marketing officer. Vion was most recently marketing director for SiteLink, the self-storage management software company. Vion comes with a total of 22 years of marketing and self-storage experience, including three and half years as marketing director at SiteLink. Vion will be responsible…
Self-storage industry figure Rick Yonis passed away last month at the age of 61. A fixture at state and national trade shows, Yonis was president of Sentry Self Storage Management, a Coral Springs, FL-based operator with 24 owned and managed facilities in Texas, Florida, Georgia and South Carolina. Yonis stepped down from the position in…
After a long and distinguished career working mostly at large self-storage companies, including a few self-storage REITs, Cynthia Ashby decided it was time for a change. A year ago, she struck out on her own and founded Georgia-based Dynamic Self Storage Solutions, a sort of hybrid project management, consulting and auditing firm within the self-storage…
Move-in rate is a tremendously important metric for the self-storage industry, measuring the number of leads at a given facility that turn into rent-paying tenants. On SpareFoot, the average move-in rate is at least 46 percent for any given month of the year. But, there are a lot of things that can impact how often…
Store Space Self Storage has sprinted out of the gate after opening shop last spring. The company is spearheaded by Chris Harris and Rob Consalvo, former executives at iStorage. The Orlando, Florida-based company already is operating seven locations in its home state, Texas and Indiana, and recently purchased three more properties in Philadelphia. What enabled…
Tenant Length of Stay (LOS) is a commonly used success metric for the self-storage industry, ultimately measuring the total time a tenant spends renting a unit at a facility, from move-in to move-out. SpareFoot research has shown that a good average LOS is 7-10 months. But, LOS can also get pretty complex—so we interviewed our…
Fast-growing West Coast Self-Storage is facing a challenge familiar to many other expansion-minded storage operators: as it searches for sites the company faces more competition than ever to find land for new facilities. “It is getting much harder,” said John Eisenbarth, vice president of operations and one of four owners. “Land costs are going up….
Marcus Mollmann has “moved on” from his role of CEO at full-service storage company Closetbox and has plans to launch a new venture in the near future. Mollmann told the SpareFoot Storage Beat that the reason for his departure was due to “a difference in strategic direction for the company” with the board of Closetbox….
Live Oak Bank’s self-storage lending team has been on a hot streak since its 2015 formation. The Wilmington, NC-based company finished its 165th self-storage loan in December 2017, reaching a combined $350 million in loans made to company owner/operators nationwide. But lending team leader Terry Campbell said things are cooling a bit. “I think we’re going to…
