Frank DeSalvo, 33, and David Perlleshi, 32, are self-storage investment sales brokers who have worked together for five years. They recently left Sands Investment Group to join Franklin Street to build a national practice serving self-storage owners and investors. “Frank and David are leaders and innovators within the self-storage industry who bring an impressive track…
Jordan Wright started Harvest Property Management in Wichita, KS in October 2020 – right in the heart of the pandemic. “It was kind of a crazy time to start a business, but we took that leap of faith and have been growing ever since,” said Wright, director of operations and owner of Harvest Property Management….
Companies involved with the Sprayregen family’s defunct self-storage company, Tuck-It-Away, sold two self-storage buildings to Invesco Real Estate for $56.3 million. A 90,000-square-foot storage building at 160 John St. in Vinegar Hill, Brooklyn, NY sold for $43.5 million, and a 47,000-square-foot building at 37-19 Crescent St. in Long Island City, NY, sold for $12.8 million….
U-Haul Moving & Storage of Daphne, AL is moving in now that U-Haul has acquired 4.12 acres east of U.S. Highway 98 and west of Old Spanish Trail. Its completion is set for 2024. It will have a three-story building with at least 700 indoor, ADA-accessible self-storage units with climate-control options. Management expects to hire…
Like the animal it’s named after, Rhino Storage Group is charging ahead. Rhino currently operates 23 self-storage facilities in Ohio and West Virginia, and has another three projects under development. The company plans to start expanding next year, by acquisition and ground-up development, into four more states: Kentucky, Pennsylvania, Virginia and Tennessee. “We operate in…
These are fast times at Storage Authority LLC, which is the only company nationwide that sells self-storage franchises to investors and other interested parties. The Sarasota, FL-based company expects to launch seven new franchises in the first five months of 2022, aiming to finish 2022 with between 20 and 24 new franchisees. That would double…
A growing Boston-based startup offers a way for operators to outsource the cumbersome task of managing liens with its artificial intelligence-enabled software platform. The company, AI Lean, recently obtained $1.9 million in venture funding to expand its customer success team and invest in product innovation. Launchpad Funding Group led the latest funding round. “We execute…
Meet Jeffrey Climan and Simon Berman, co-founders of Montreal-based Montreal Mini Storage; Climan is also COO and Berman is also president. And their latest move is a big one. After watching about 25,000 people relocate from Montreal to the winter-sports-centric Laurentians to cope with the pandemic, they spent $40 million CAD ($31 million USD) to…
Peak Management LLC of Nottingham, MD, shared its plans to build a three-story YourSpace Self Storage (below), on a commercial lot on Route 16, near Union Street Extended in Milton, DE, with the Milton Planning and Zoning Commission. The property currently is zoned C-1 commercial. Self-storage would require a special-use permit. Peak Management is a…
It seems as though the valet storage wars are nearing an end. The two largest full-service storage companies, Clutter and MakeSpace, announced this morning that they are merging into one. The combined platform will operate under the Clutter brand and offer its services in over 6,500 cities in towns throughout the country to reach about…
