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…
While many in the self-storage industry would be thrilled to have a repeat of 2021, a new year has dawned. The year 2022 holds plenty of promise, even if it doesn’t quite reach the record-breaking heights of the last 12 months. But who knows? 2022 could be a record breaker for you! To bring you…
This year, the self-storage industry saw three portfolios trade for well over $1.5 billion each. What did all three deals have in common? Kieran O’Shea. O’Shea, managing director of real estate investment bank Eastdil Secured, represented the sellers of the EZ Storage portfolio ($1.8 billion), the Storage West portfolio ($1.7 billion) and the biggest of…
In August, self-storage developer and operator NitNeil Partners sold a 22-property portfolio to Life Storage for $228 million in a cash and stock deal. “The business plan was to assemble an institutional grade portfolio and connect the dots between a highly fragmented industry and one going rapidly through consolidation,” said managing principal Neil Sapra. The…
Clearwater, FL-based PODS Enterprises recently expanded its senior leadership team with four new hires: Susan Jacobs was appointed Chief Marketing Officer. Jacobs will lead the moving and storage company’s marketing efforts. Most recently, Jacobs was Senior Vice President of Marketing at insurance tech startup Beam Dental, and previously a senior vice president of global brands at…
Pogoda Companies is looking to break out of its Michigan and Ohio base – and it’s hired Beau Agnello to help, operationally and strategically, achieve its expansion goals. The Farmington Hills, MI-based Pogoda recently announced that Agnello will serve as its new senior vice president of operations, overseeing its 58 owned and managed facilities in…
When you think of a self-storage facility what do you immediately visualize? Is it rows and rows of one-story buildings with large doors? Or maybe big metal boxes in the middle of nowhere? For many, these images are top of mind even though they don’t represent the best of today’s storage industry. “There is definitely a…
After a ten-year pause in running his self-storage consulting firm in order to work in the employ of a number of storage operators, RK Kliebenstein has returned to his roots, resurrecting his Coast-To-Coast Storage Reality Advisors and signing up new clients amid a nationwide boom in the storage sector. Earlier this month, Montville, N.J.-based Diversified…
