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Ramser Development Company has hired Adam Deermount to serve as its Chief Investment Officer. In the new role, Deermount will be responsible for directing the strategic expansion of Ramser Development’s established portfolio of storage assets across the U.S. Ramser Development has operated in the RV and boat storage sector for the past 25 years. The…

Last month StorageMart announced it was getting into the third-party management business. The new truSTORAGE platform will offer property management services to independent storage operators, allowing them to benefit from use of the StorageMart name, as well as the company’s proprietary revenue management system. To find out more about what StorageMart is up to with…

What comes down, must go up. Earlier this month, the Federal Reserve raised the benchmark interest rate by half a percentage point, the largest increase since the year 2000, as it seeks to tamp down rising inflation. Federal Reserve Chairman Jerome Powell said that “additional 50-basis-point increases should be on the table” over the next…

See what can happen when you’re nice to your neighbors? Ryan Gibson and Scott Lewis were neighbors in Washington, D.C. and got along so well, they decided to start Spartan Investment Group in 2013. Today they have 100 employees, have raised $200 million in years past and just rolled out Spartan Storage Fund 1. The…

The June 2021 acquisition of MakoRabco combined Carlsbad, California-based Mako Steel, with its strong West Coast presence, and Rabco Enterprises, based in Winter Garden, Florida and well-known along the East Coast.  Now with the coasts covered, the plan is to attract more business nationwide. MakoRabco since has about doubled the number of states where it…

Scott Schoettlin’s job title may have changed, but his mission remains the same: grow SkyView Advisors’ self-storage brokerage business. Schoettlin, the former senior vice president of the Tampa-based commercial real estate brokerage firm, became managing director of SkyView late last month and will now oversee the firm’s 30 employees on a day-to-day basis. The goal…

Sharpen your funding pitch and you might just end up like DXD Capital, which hoped to raise $50 million in its first round of funding but went beyond that, hitting $53 million before closing the round. “What I learned this time is that the more you have a focus and a finite strategy, the more…

Herby Bowman wants to make a deal – and he’s hoping to make a lot of them in coming years. Bowman, formerly the director of business development for Public Storage, recently joined Store Space Self Storage as the firm’s new senior director of business development. His mandate: grow the company from the 80 properties that…

The William Warren Group recently promoted Tim Hobin, 51, to chief investment officer. His duties include leading the real estate team to deliver on investment strategy, to mentor leadership and to foster investment return and growth objectives.    WWG is a nationally known powerhouse in self-storage management, acquisitions and development. The company operates its facilities…