Yardi Matrix’s Vice President and General Manager, Jeff Adler, uncovers the self-storage industry’s intricate relationship with the housing market in a recent in-depth report on Toy Storage Nation. Adler highlights how increasing housing costs and inelastic incomes have led to an unaffordable housing landscape, which has significantly damaged home sales. Such a scenario indirectly influences…
As the wave of automation washes over different sectors, its impact on the self-storage industry becomes increasingly apparent. This was initially viewed with trepidation by many operators fearing job loss. However, despite the shift towards ‘unmanned’ facilities, it’s clear that human staff persists as the driving force in most operations. Today’s fiercely competitive market situation…
Pennsylvania-based Storage Asset Management (SAM) achieves a noteworthy accomplishment, securing a place in the list of “Best Places to Work in Pennsylvania” for the fourth time. Reputed publications, “Central Penn Business Journal” and “Lehigh Valley Business” bestowed this recognition at a gala awards ceremony on December 7th, 2023. With its firm commitment to positively influencing…
Suppose you thought 2023 was a straight path to futuristic galaxy travels and robot butlers. In that case, you’re probably still reeling from the news of Las Vegas casino giants- MGM Resorts and Caesars Entertainment- having their roulette wheels jammed by cyber hoodlums, aptly named “Scattered Spider.” Alexander Harris, apparently trying to impersonate an ethereal…
Quoting Jodi Jacobson from the world of high-brow economics, we will have a little chinwag about a behemoth in the self-storage industry. Please contain your excitement – today, we’re spotlighting Public Storage (NYSE:NYSE: PSA). Jacobson recently penned a riveting epic about the rose-tinted future of this overlooked yet pixie-like industry on Seeking Alpha. Now, let’s…
The self-storage sector recently experienced a significant acquisition. The grand news is that Talonvest Capital, Inc., in conjunction with Castle Hill Investors LLC, recently finalized an approximately $25.3 million loan. The loan is geared toward refinancing two high-grade, climate-controlled facilities within the bustling Atlanta metropolitan area. As explained in the original article by Modern Storage…
In a recent article by Miles Davison, CEO and co-founder of Storeganise, insightful strategies were illuminated for enhancing customer satisfaction in the self-storage industry. Storeganise is renowned for its self-storage management and automation software, paving the way for efficiency and convenience in the industry. He highlights that 94% of customers are willing to repurchase from…
The original blog post was written for commercial-real estate-training.com and is a valuable resource for commercial real estate agents seeking effective strategies to optimize their negotiation skills. The post lays out several stages where negotiation comes into play, from cold-call prospecting to presenting marketing facts, navigating property inspections, and closing deals. The author emphasizes constantly…
In a recent update from the self-storage industry, SmartStop Self Storage REIT, Inc. announced that their CEO and Chairman, H. Michael Schwartz, will moderate the Capital Markets Panel at the NYSSA Investment Forum in New York City. This prestigious role at the forum underlines the significant influence SmartStop continues to wield in the self-storage sector….
As more mind-numbingly fascinating as watching butter melt, the frenetic world of self-storage financing has found itself a new Sherpa, providing pithy musings amidst the murky marshland of interest rates and refinancing. Adam Karnes, a vice president of The BSC Group, has managed to churn out a piece on navigating the volatile seas of high…
