SkyView Advisors Announces Promotion of Joseph Brazill

40920a02-cfeb-4f0a-900e-ac5537a71661SkyView Advisors announces the promotion of Joseph Brazill to Vice President, Investment Sales. The promotion was announced by the Managing Partner of SkyView Advisors, Jay Crotty.

“Joe has been an instrumental member of our team and has played a key role in SkyView’s growth and success in the industry. He has consistently met and exceeded opportunities that have been presented to him, so it is with great confidence that we are promoting him to Vice President from Senior Associate,” states Crotty.

Brazill joined SkyView Advisors as an Analyst in 2013 and quickly advanced to the role of Vice President. Joe has assisted countless owners, including individuals, partnerships, REITs, and pension funds achieve their self storage investment goals. He has built a reputation for innovative strategic thinking and working with the highest level of integrity. Joseph has demonstrated a track record throughout his career as a self storage real estate agent of ensuring his clients receive maximum value and the best terms for their assets during a sale. Brazill will be working directly with other self storage brokers including Senior Vice President Ryan Clark and Managing Partner Jay Crotty.

SkyView Advisors is an investment sales, debt & equity, and advisory firm focused exclusively on the self storage market. SkyView represents self storage owners who are considering a sale of their property/portfolio or evaluating their financing. SkyView brings a unique perspective to the self storage industry, and has established itself as an innovative thought leader in the industry, consistently raising the bar.

The SkyView team has extensive self storage expertise and deep industry relationships coupled with an impressive track record, having completed more than $1.2 Billion of transactions throughout their careers.

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Storage Express’ 90th Location Opens, Indianapolis, IN

Capture33433234234BLOOMINGTON, IN – Storage Express is pleased to announce the Grand Opening of their 90th facility. The 30,000 square foot facility is located on the south side of the Indianapolis on Hanna Avenue, along I-65 near the I-465 interchange. This facility marks the company’s eighth Indianapolis-area location.

This super high-visibility location was developed on a narrow tract of property that was created years ago when the Interstate Right of Way bisected a larger parcel. The site languished on the market for decades, looking for a user for a narrow tract.

Storage Express on Hanna Avenue features Heated & Cooled storage spaces, controlled access, a 24-Hour Rental Center, HD cameras, and round-the clock customer service support.

Storage Express opened four other locations in Metro Indy over the past year. A 27,000 square foot expansion is nearing completion at their Indianapolis Mann Road property. Another Storage Express facility is under construction on Madison Avenue in Indianapolis, and is scheduled to open in September. Storage Express is excited about continued growth throughout Central and Northern Indiana.

Storage Express owns and operates self storage properties across Indiana, Illinois, Kentucky, Tennessee and Ohio. The company has offices in Bloomington, Indianapolis, and Jeffersonville, Indiana. Rentals are centralized out of the Company’s Bloomington headquarters. Local Field Service Representatives service and care for all 90 locations.

More information about the Company can be found online at www.StorageExpress.com.

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Modern Amenities For Your Self Storage Provider Proguard Self Storage

CapturedfgdfgdOftentimes customers imagine self storage facilities as dirty, unkempt, and deserted so they are hesitant to consider this as an option for their storage needs. All storage facilities are not created equal and as a customer you can and should expect a certain level of comfort with where you are placing your cherished personal items or critical business assets.

Here are some of modern comforts available to the best self storage providers:

Customer Service:
● Full line of moving and packing supplies
● Free use of loading carts
● Extensively trained Managers to help with your storage needs
● State-of- the-art modern facilities
● Clean storage units and buildings
● Water-fountains
● Restrooms

Convenience:
● Variety of climate and non-climate controlled units
● lockers and enclosed RV/boat storage
● Extra-wide driveways and doorways
● Covered loading and unloading
● 18 wheeler access
● Storage access, 7 days a week, 365 days a year
● Freight deliveries accepted

Having these type of modern amenities make the old self-storage perceptions disappear. At Proguard Storage, all locations throughout the Greater Houston area provide modern, climate controlled storage units. From extra wide driveways and free use of loading carts, to climate controlled self storage units in each location, we aim to remain first choice in Houston self storage. Our magnificent new self storage facility in Houston’s Midtown/Montrose neighborhood has all of these features available. Located at W. Gray Street, our newest location will be five stories tall with 1,100 climate-controlled units ranging from 5×5 to 10×40. Come visit us at 224 W. Gray Street, this newest location opened August 15, 2016 and offers one free month storage!

To see all of our locations and learn more, visit http://www.proguardstorage.com/Proguard_Locations.

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Devon Self Storage announced the acquisition of Camp Bowie Self Storage

image003Devon Self Storage, based in Emeryville, CA, announced today it closed on the acquisition of Camp Bowie Self Storage.  The 61,730 square foot self storage facility is located at 6471 Camp Bowie Boulevard in Ft. Worth, Texas.  The facility has 545 units of which 310 are climate controlled units.  Devon plans to expand the facility to a total of 73,710 net rentable square feet.  The site is located in a rapidly growing suburb of Ft. Worth with 84,374 people residing within a three-mile radius with an average household income of in excess of $65,000.

Devon is a national operator of self storage facilities for institutional investors and high net worth family offices as well as providing third-party self storage management for owners that are seeking professional self storage management.  The company operates 46 stores in 16 states today totaling in excess of 3,300,000 net rentable square feet and more than 21,750 tenants.

For further information please contact Kenneth E. Nitzberg, Chairman & CEO at knitzberg@devonselfstorage.com or 510-450-9204. 1-5

 

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Company to mark historic moment with ringing of the New York Stock Exchange’s Closing Bell on August 16

Buffalo, NY, August 15, 2016 – Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today the official change of its corporate name to Life Storage, Inc. (NYSE:LSI).   Shares of Life Storage will begin trading under the ticker symbol LSI on the New York Stock Exchange effective immediately.

Concurrently, the Company announced the change of its brand name from Uncle Bob’s Self Storage to Life Storage® and the launch of its redesigned website, www.lifestorage.com.

Robert Attea, Chairman of the Board, other members of the board and management will ring the closing bell on the New York Stock Exchange on August 16, 2016. Interested parties may watch the live video of the event beginning at approximately 3:55 p.m. EDT at https://livestream.com/NYSE.

ABOUT LIFE STORAGE, INC:

Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities.  The Company operates approximately 650 self storage facilities in 29 states under the names Uncle Bob’s Self Storage and Life Storage.  For more information, visit http://invest.lifestorage.com/.

 

Contact:

Diane Piegza
Vice President, Investor Relations & Community Affairs
Life Storage, Inc.
716-650-6115

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MARCUS & MILLICHAP SELLS CLASS A SELF-STORAGE FACILITY IN CANTON, MICHIGAN

Devon Storage_smCANTON, Mich., Aug. 12, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Devon Self Storage, a 113,851-net-rentable-square-foot storage facility located in Canton, Michigan. The property sold for an undisclosed price.

Marcus & Millichap’s Chico LeClaire, senior vice president investments in Denver, and Brett Hatcher, vice president investments in Columbus, in association with Christopher Futo, senior associate in Detroit, represented the seller, a nationally recognized REIT. The Marcus & Millichap team also procured the buyer, Public Storage.

“It was a great opportunity for one of the major REITs to buy a Class ‘A’ facility in one of the fastest-growing communities in Michigan. Its location on Michigan Avenue gives it excellent visibility and traffic counts,” said LeClaire. “The seller bought the property in the economic downturn and achieved an excellent return selling it in a much improved market.”

Built in 2005, this Class “A” facility features 659 climate-controlled units, 131 non-climate controlled units, 15 RV units and nine office suites. The property has a unique campus- style layout with a two-story 140,000-square-foot climate-controlled warehouse with traditional drive-up storage buildings behind it. The property is well located on the south side of Michigan Avenue (U.S. Highway 12), and is surrounded by upscale residential apartments, condominium and single-family homes.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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California SSA’s Erin King Will Represent National SSA

Erin CSSA Ad picThe national Self Storage Association (SSA) and California Self Storage Association (CSSA) have announced an agreement that will enable CSSA Executive Director Erin King to support SSA initiatives moving forward, enhancing the growing management and government relations obligations of the industry’s national trade group. King will maintain her existing role with the CSSA while expanding her scope to include functions in western states and representing the SSA at its two national conferences. The national SSA currently manages 14 state self storage associations and pursues a considerable legislative agenda with targets from Hawaii to Florida. “Today’s announcement represents a commonsense approach to industry representation that will create immediate efficiencies in our state management and government relations areas,” said Tim Dietz, SSA President & CEO. “Erin is a 15-year veteran of the self storage industry, and for more than a decade she has run one of the industry’s largest trade associations.

We are particularly appreciative that the CSSA board of directors has supported this cooperative model.” CSSA Chairman Dean Keller echoed Dietz’s comments. “We are pleased to reach an agreement with SSA that encourages a collaborative dynamic within the industry and offers Erin the opportunity to expand her impressive career while also preserving the independence of our state association.” King began her career with Shurgard Storage Centers as regional coordinator. She later grew into recruiting and training positions, responsible for the staffing of 26 locations across Southern California. She went on to become a district manager responsible for 12 locations in California. In addition to her CSSA position, she has also chaired SSA’s Affiliated Associations Council (AAC) for several years, leading dialogue among state and international association executives. “I have enjoyed a productive relationship with Tim and his staff for many years,” said King. “This is the ideal next step in my career, enabling me to increase my support of this great sector and also continue the position and relationships in California that are so important to me.”

About the Self Storage Association (SSA)

The Self Storage Association (SSA) is the premier national not-for-profit trade organization for the industry and the registered lobbying organization before the U.S. Congress and federal agencies. SSA is official voice of the 28 billion-plus (revenues) storage industry that currently numbers 48,500 self storage facilities nationwide. The SSA directly represents some 5,500 direct and indirect member companies that own and operate some 22,000 self storage facilities throughout the United States.

The SSA is affiliated with more than forty (40) state and regional associations in the U.S. and several international associations representing Asia, Australia, Canada, Europe, Japan, Latin America and South America. SSA members range from individual facility owner-operators to multiple-facility companies, to vendors, to large publicly traded firms and Real Estate Investment Trusts (REITs). SSA was founded in 1975 and is incorporated in the State of Virginia as a (501-c-6) not-for-profit corporation; headquarters offices are located in Alexandria, VA. For more information, visit our web site at www.selfstorage.org.

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COMPASS SELF STORAGE RAISES OVER $50,000 TO HELP THE LEUKEMIA & LYMPHOMA SOCIETY FIGHT BLOOD CANCERS

100Cleveland, OH – August 9, 2016 – Compass Self Storage, a member of the Amsdell family of companies, has completed their annual fundraising campaign and has raised over $50,000 for the Leukemia & Lymphoma Society (LLS) to fight and treat blood cancers.
The company’s 2016 fundraising campaign represented a total team effort, including staff members nationally at the company’s 70 Compass Self Storage centers, as well as corporate office employees and partners. “Employee involvement in our fundraising efforts has always been a part of the fabric of our company culture,” stated Todd Amsdell, President. The company hosts several fundraising activities throughout the year and also collects donations from customers and partners. The company was recognized as the top fundraiser at this year’s LLS Leukemia Cup Regatta event.
The Amsdell group of companies has been involved in fundraising efforts for the northeast Ohio chapter of the Leukemia & Lymphoma Society for the past two decades. This year’s campaign marks the largest amount of money that has been raised under the Compass Self Storage flag. In total, the company has raised well over $250,000 throughout their years of fundraising.
The money raised will go towards research, advocacy and patient support. The Leukemia & Lymphoma Society is the world’s largest voluntary health agency dedicated to blood cancer. The LLS mission is to cure leukemia, lymphoma, Hodgkin’s disease and myeloma and improve the quality of life of patients and their families. Compass Self Storage plans to continue their fundraising efforts for the 2017 season and hopes to top this year’s campaign total.
The Amsdell family of companies (Amsdell Companies) is headquartered in Cleveland, OH. Amsdell draws its roots from the family owned construction company founded in 1928 and has since been active in several billions of dollars worth of real estate ventures with a primary focus on self storage. As industry pioneers, Amsdell has owned and operated over 500 storage centers under various trade names in over 27 states. With over 85 years of doing business, the Amsdell team has extensive experience in property acquisition, construction and property management. Please visit www.amsdellcompanies.com and www.compassselfstorage.com for more information.

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Self-Storage Hits Record-Setting Stride

LOS ANGELES—A W. P. Carey affiliated REIT called CPA: 17-Global has just unloaded a massive self-storage portfolio in one of the largest Southern California self-storage sales ever. National Storage Affiliates purchased the 22-property portfolio for an undisclosed price. The portfolio totals 1.6 million square feet and is located throughout Southern California in Anaheim, Riverside, Apple Valley, South Gate, Harbor City, Grand Terrace, Palmdale, Victorville, Rosamond and San Diego.

“The owner had improved operations across the entire portfolio and with it managed to create an incredible amount of value. Disposing of these assets allowed them to realize their own and their investors’ equity,” Nicholas Walker, SVP at CBRE, tells GlobeSt.com. Walker represented both the buyer and the seller in the transaction.

There is a high demand for self-storage properties, and Walker saw plenty of interest for the portfolio. He fully marketed the asset and received interest from REITS, private equity, pension and endowment funds as well as large operators and foreign capital. “The response was fantastic,” Walker says. “This portfolio allows the buyer to enter new markets with a strong foothold as well as add to their already growing portfolio in existing markets. I am convinced this acquisition will serve them very well over the next 3 to 5 years.” The portfolio had multiple offers from a diverse group of buyers.

With this purchase, National Storage Affiliates is breaking into new markets while expanding their market share, says Walker. The portfolio was also a stable purchase with 92% occupancy, making this a great opportunity for the buyer. “Demand for self-storage properties has been tremendous and continues to grow,” adds Walker. “We see interest from a much wider variety of investors than ever before that are all attracted to the strength of this sector. New buyers are trying to enter the space on a daily basis and that has helped keep the pricing for most properties at all-time highs.”

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SMARTSTOP ASSET MANAGEMENT HIRES SENIOR REAL ESTATE EXECUTIVE JOHN STROCKIS AS SENIOR VICE PRESIDENT OF ACQUISITIONS

Capture999LADERA RANCH, Calif. – August 1, 2016 –SmartStop Asset Management, LLC, a diversified real estate company with nearly $1 billion in assets under management, has hired John Strockis, a senior real estate executive with extensive experience in acquisitions, asset management, business development and brokerage leadership, as senior vice president of acquisitions. Strockis will be responsible for leveraging SmartStop’s existing platform and relationships to expand its real estate product offerings.

“John is a dynamic leader with an extensive network and business development experience,” said H. Michael Schwartz, chairman/CEO of Smartstop Asset Management, LLC. “He will launch Smartstop’s 1031 exchange offerings to help us diversify our commercial property opportunities.”

Strockis will head a new division actively seeking commercial properties in retail, multifamily, industrial, office and medical/healthcare for property exchanges under Section 1031 of the United States Revenue Code, which states that certain properties can defer capital gains taxes.

“The market is good and it’s a very opportunistic time for us to expand our product offerings to the 1031 exchange market,” Strockis said. “I’m excited to be connected with H. Michael Schwartz, a respected and prolific real estate capital markets professional. This is an incredible opportunity to leverage his success on the storage side.”

Strockis worked for the Los Angeles division of CB Richard Ellis & CBRE Investors, the world’s largest full-service real estate company, from 1984 until 2008, as a broker, sales manager, managing director r and Sr. Director of Acquisitions while at CBRE Investors. In 1999 and 2000, he received the company’s James Didion Leadership Award for Most Outstanding Manager. He also served as executive managing director for Voit Real Estate Services in Newport Beach, Calif.; chief executive officer for Marwest Commercial serving California, Arizona and Nevada; and executive managing director for Real Estate Services Company in Orange County. He has a bachelor’s degree in economics from the University of California, Los Angeles.

About SmartStop Asset Management, LLC

SmartStop Asset Management, LLC is a diversified real estate company with a managed portfolio that currently includes approximately 57,100 self storage units and approximately 6.2 million rentable square feet. The company is the asset manager for 86 self storage facilities located throughout the United States and Toronto, Canada. SmartStop Asset Management is the sponsor of both SSGT and Strategic Storage Trust II, Inc. (SSTII), a public non-traded REIT focusing on stabilized self storage properties. The facilities offer affordable and accessible storage units for residential and commercial customers. In addition, they offer secure interior and exterior storage units as well as outside storage areas for vehicles, RVs and boats. In 2015, key executives at Smartstop Asset Management negotiated the sale of SmartStop Self Storage Inc. (Smartstop), then a fully integrated, self-administered and self-managed self storage company, owning and/or operating 170 self storage properties in 21 states and Toronto, Canada, to Extra Space Storage Inc., the second-largest storage operator in the United States, in a merger transaction with SmartStop having an enterprise value of $1.4 billion.

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