Flatirons Asset Management has acquired 33 self-storage facilities from Red Dot Storage for an undisclosed price. Red Dot will continue to manage the facilities on behalf of Flatirons. “After this transaction we currently own 76 properties in 14 states,” said Scott Smith, CEO of Flatirons. Flatirons’ other properties are operated by Red Dot Storage as…
Ryan Smith is enthusiastic about Elevation Capital Group’s latest property purchase, made as part of ECG’s Fund 8 and brimming with promise. The Orlando, FL-based company acquired Oakville Self Storage, which is located at 405 Swann Ave. in the Potomac Yard neighborhood of Alexandria, VA. It’s Fund 8’s second buy and gives ECG a larger…
Amid mounting pressure from regulators, investors and lenders, the self-storage industry is starting to consider more its environmental impacts and seek out ways to reduce its contribution to global climate change. One such way is being pioneered by Houston-based GreenSpace Self-Storage, which reuses cargo containers to build self-storage facilities. The self-storage industry’s biggest environmental impact…
Yes, there is a story behind the naming of Patriot Holdings, a Las Vegas, NV-based real estate private equity group that is rapidly expanding its remotely-managed portfolio of self-storage facilities. “I’m from Hudson, New Hampshire, and I’m a diehard New England Patriots football fan,” said Jeremiah Boucher, founder and CEO of Patriot Holdings. The company…
Golden, CO-based Spartan Investment Group has been named to the Inc. 5000 Fastest Growing Companies in America list for the third year in a row. The company earned its highest spot on the list this year, coming in 128th place. The company reached #166 in 2021, and #308 in 2020. To earn the distinction, the…
In just five years, self-storage owner and manager City Line Capital has racked up a monumental achievement—surpassing $1 billion in acquisitions. To be precise, City Line Capital has spent $1.2 billion on acquisitions since 2017. The company’s portfolio now compromises 212 facilities in 24 states, many under the Storage Sense brand. Rick Schontz, co-founder, president…
His father, an uncle and a cousin are all CPAs, so it’s little surprise that Paul Evans has been named vice president of finance & accounting at StoragePRO Management Inc. in Walnut Creek, CA. The company operates almost 100 storage facilities throughout the Western states. His background includes almost 20 years of experience in commercial…
Principals Jeff Helgeson (above) and Tim Jones, principals of 180 Self Storage in Gilbert, AZ, like to scope out the competition and see how people operate their shops. But even after decades in the field, nothing had prepared them for the Pirate Lady. “In California, we walked in and saw a woman with a parrot…
StoreEase Inc. has taken two major steps towards its goal of deploying its “virtual management” technology in 1,000 self-storage facilities within the next five years. The Birmingham, AL-based StoreEase recently received $2.8 million in seed investment led by New York-based Bienville Capital. StoreEase plans to use the funds largely for continued development of proprietary technology…
Adult Toy Storage, which lays claim to being the largest RV and boat storage facility in the country, has a new owner. The cheekily-named facility will also be getting a new moniker: RV Storage Depot. A Newport Beach, CA-based joint venture between RanchHarbor, Ramser Development Company and Saunders Property purchased the Altamonte Springs, FL facility….
