Elite Stor Capital Partners closes on 26th property for its Storage Rentals of America brand now exceeding 1.2 million square feet across their portfolio

WEST PALM BEACH, Fla., Aug. 24, 2015 /PRNewswire/ — West Palm Beach-based Elite Stor Capital Partners (ESCP) announced it has closed on the purchase of Storage Max in Nicholasville, Kentucky. The 110,000 square foot self-storage facility is located 11 miles southwest of downtown Lexington off US Highway 27.

The facility will be rebranded and become the newest addition to the Storage Rentals of America brand. ESCP now owns and operates over 850,000 square feet across 26 self-storage facilities in the region.

The 90 percent-occupied facility consists of 857 units including 175 climate controlled units. The property has fully-integrated amenities including 24 hour gate access, recorded video surveillance, climate and non-climate controlled units, on-site management, and RV, boat, and vehicle parking.

The ESCP self-storage acquisition was led by CEO, Benjamin Macfarland and COO, Don Toler.

“This property is plug and play for our accretive aggregation strategy in this market allowing us to further utilize our Kentucky based call center and increase economies of scale, further driving cash on cash returns to our investors,” said Macfarland.

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Midtown Vault Expands Solar Panel Use

00000MEMPHIS, TN- Midtown Vault Storage, a self-storage facility developed by Absolute Storage Management in 2006, is doing their part to conserve energy by increasing solar panel usage on their building. Preserving energy and saving money at the same time, it’s a win win! The Midtown Memphis area storage property started using solar panels in 2013, only covering half of the building and saving a third of the usual electric bill. Due to the success of the first round of panels, the property is expanding and using even more solar panels. This expansion will cover nearly all of the buildings’ 12,500sqft roof with solar panels.

LightWave Solar, the company who installed the panels, has serviced many Memphis companies with these solar panels. More and more companies are starting to use solar panels on their buildings and soon everyone will be jumping on this wagon, saving the world one panel at a time. “Our solar panel system is now covering 2/3rds of our carbon footprint at the Vault and will do so for the next 25+ years. We have been very pleased with our experience with LightWave Solar and the system they installed”, said Michael Haugh, ASM President and developer of the Midtown Vault. The midtown area of Memphis, TN is blossoming with new restaurants, stores, and more urban revitalization; the new solar panels will definitely help bring midtown into full bloom.

Absolute Storage Management Absolute Storage Management (ASM) is a self-storage management company founded in 2002, and is a leading provider of third-party management services in the Southeastern USA region. ASM holds its headquarters in Memphis, TN with regional offices in Atlanta, GA; Charlotte, NC; and Jackson, MS. The company operates over 80 properties in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Ohio, South Carolina, and Tennessee. For further information and news about Absolute Storage Management, please go to the ASM website at www.absolutemgmt.com. Contact Tori Johnson at tori.johnson@absolutemgmt.com or call her at 901-737-7336 ext. 709.

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Janus International and PTI Security Systems Announce a Joint Marketing and Support Agreement

FOR IMMEDIATE RELEASE (Temple, GA & Scottsdale, AZ – August 17, 2015) Janus International Group, LLC and PTI Security Systems (PTI) announced a joint marketing and support agreement. Under the terms of the agreement, Janus International and PTI are working together to promote and integrate each other’s products and services to the Self Storage industry.

Janus International will be responsible for the design, development, manufacturing, marketing, sell, support and warrant individual self storage door locking solutions. PTI will be responsible for same logistical aspects for the control and security solutions focused on the entire self storage facility. Together they will collaborate on the design, development and integration of the products from both companies to provide a complete product and service solution providing a secure interior (inside-the- door) electronic lock, automated overlocking, and continuously monitored security and access control to individual self storage units. The locking solution will integrate seamlessly with PTI Security Systems industry leading access control and security solutions.

Regarding the agreement, David Curtis, President of Janus International remarked “we are delighted to put this agreement in place with PTI Security Systems. From our perspective, the key to providing a superior door locking solution, is to be able to integrate and leverage the expertise, hardware and software solutions and market share that PTI Security Systems has demonstrated and obtained in the self storage access control and security arena with the expertise and experience Janus International has with self storage door solutions. Ultimately, the self storage owner/operator and their tenants will both benefit from this relationship”.

Lance Comstock, President & CEO of PTI Security Systems noted “With our respective market coverage, market share domination and expertise, this agreement allows us to collaborate and focus on creating great individual door locking and access control solutions that are not found in the industry today. As the industry leader in doors and hallway systems, Janus International clearly understands and provides great door solutions, which coupled with our industry leading access control and security solutions gives us and our mutual customers a big advantage”.

### About Janus International Janus International is the leading worldwide manufacturer and supplier of roll-up and swing doors, hallway systems and re-locatable storage units for the self storage industry. Based in Temple, GA, Janus International has six U.S. locations, three locations in Europe, one location in South Africa, a joint venture with GMI – IntraJanus, in Mexico, and a location in Brazil opening late 2015. For more information please visit our website at www.JanusIntl.com or call (866) 562-2580. About PTI Security Systems With over 25,000 installations in 30+ countries over the past 30 years, PTI Security Systems has made their name in and are wholly dedicated to the self storage market. PTI based in Scottsdale, AZ, with sales office in Asheville, NC and international partners in Europe, Australia/New Zealand, and Asia provides self storage solutions for access control, mobile apps, door alarms and site graphics. For more information please visit our website at www.PTISecurity.com or call (800) 523-9504.

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Storage Asset Management, Inc. Donation to Local Food Banks

1422442Storage Asset Management, Inc. (SAM) is pleased to announce that their managed facilities donated over 300 food items to local food pantries. Throughout the month of July, SAM’s managed properties collected canned goods to donate to their local food banks. Tenants could donate cans to get discounts on their rent. Summer is a time that food banks aren’t often thought of, but their supply is still in need.

“We are so grateful to our property managers for their work in promoting this initiative. We are really pleased with the results and the ability to make this donation to local food banks,” said Melissa Stiles, Storage Asset Management’s Marketing Manager. For more information, please visit www.storageassetmanagement.com

Storage Asset Management is a property management & consulting company that specializes in self-storage. Their strategy is to create value for their clients through customized solutions that fit within their budget and allows each property to maintain their identity. With over 40 years of industry experience, SAM employs an incredible team of Property Managers, Assistant Property Managers, and Marketing Managers. They are self-storage experts, and are trained and experienced in sales, customer service, property maintenance, and marketing.

Media contact: Melissa Stiles, Marketing Manager Storage Asset Management, Inc

Direct: 717-779-1452 294 Pleasant Acres Rd York, PA 17402 mstiles@storageasset.com

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The Risks of Hiring a Freelancer for Self Storage Marketing​

Running a storage facility usually means you have a small staff. That doesn’t leave a lot of room for marketing professionals.

When you need to market your facility, whether it’s creating a website or getting active on social media, the first thought is usually to look around the office for the first available set of hands. The problem is most people on your staff probably don’t have the digital marketing expertise to successfully do what you need. Sure, they may be able to create a social media profile and post every once in a while. But can they build a functional website? Can they write effective copy? Can they do PPC? Can they handle negative reviews on social media?

So what does a self storage operator do to get that desperately-needed digital marketing expertise? Some will look to a freelancer. There are plenty of freelancers out there for whatever marketing project you need, from website design to copywriting and social media. However, you must know the risks involved and how to avoid them.

They Can Be Slow

While definitely not the case of all, many freelancers have a mindset that deadlines are on their schedule rather than yours. You want to create clear agreed-upon deadlines for their deliverables. Plus, you’ll want to know how many revisions you can request or how many hours they’re going to devote to your project.

They Can Be Unresponsive

Wondering what your hired gun is up to after about five emails with no answer? Good question. Some freelancers have a temperament that doesn’t tolerate much client interaction. And some will see repeated or multiple daily emails as interference on the project. A good freelancer will give you regular updates, which you might want to establish when you sign their agreement or contract.

They Can Disappear

One of the biggest problems with freelancers is that they fall off the edge of the earth, never to be heard from again. When you call them, it instantly goes to voicemail, or worse, you get a disconnection message. Bounce-back emails (i.e., when you try to email them and it gets returned) are never a good sign either. There could be a number of issues at work here, but a good freelancer will respond on a regular basis and keep the lines of communication open.

They Can Be Vindictive

This is probably the worst-case scenario, but thankfully, the rarest. But it can happen. Vindictive freelancers who take down your website and/or social media pages, or worse yet, put something undesirable up in place of them are taking out their professional anger on you.

One important caveat: Never give total control of anything to a freelancer. This means do not turn over things like buying or administrating your domain, creating your social media pages, or providing all-important passwords to them. Failing to keep administrative control can set you up for big-time headaches. 

What to Do?

Before you decide on a freelancer, talk to their previous clients. Check the freelancer out on LinkedIn. Look at who has recommended them and for what. Ask others in the self storage industry. Look deeper than just a freelancer’s website. A good freelancer will be happy to provide you with a list of previous clients or employers for references. And remember that freelancers can work for you across the country, too. Ask around within your online circles of professional peers to find good candidates.

Of course, if you want to avoid these issues entirely, you can always hire a marketing agency. An established entity with an office typically offers more stability. It’s a more expensive option, perhaps, but you’d be surprised the price points some agencies can work with. And you can be confident that your calls will get returned, emails will be answered, and that you’ve got a whole team of professional marketers on your side.

# # #

Nick Bilava is the Sales Director for Storage.com. Nick has been an active member of the storage community for more than nine years and can be found at various industry events throughout the nation. Nick’s goal at Storage.com is to help storage operators market their businesses more efficiently and effectively. For more information, visit Storage.com.

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US Storage Centers Announces First Acquisition in Nevada

Capture123123US Storage Centers (USSC) announced its first acquisition in Nevada with the purchase of a self storage facility located in Las Vegas at 6380 Annie Oakley Drive.  Immediately prior to the sale, the company provided third-party management of the property beginning in August of 2014.

“We continue to be very competitive in the acquisition of self storage assets despite increased competition in the marketplace,” said Charles Byerly, president and chief executive officer.  “This success can be attributed in part to our ability to transition assets onto our platform, increase leads, and effectively manage rental rates and expenses.”

The facility boasts 68,593 rentable square feet of space, 11,088 of which consist of covered parking for RV, boat, and vehicle storage.  There are 508 storage units spread out over two floors, and 44% of the units are air cooled.

“Having managed this property, we were comfortable making our initial ownership play into this market,” said Mark McGilvray, executive vice president. “USSC has made operational gains with on-site management, collections, and in-place effective rents at this location, and we expect to see additional increases in these areas with the continued implementation of our advanced operations and marketing platforms.

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DBCI Achieves 7 Year Safety Milestone

Douglasville, GA – Roll-up door manufacturer DBCI celebrated a milestone in July, marking seven consecutive years without a single recordable injury.  This monumental achievement encompasses over 1,000,000 hours worked.

“I’m proud of everyone in this organization,” says President Larry Miller, “Safety has been our primary talking point over the past seven years; it’s a culture that is embraced by every person here. This achievement is even more impressive when you consider we have seen a record volume of work this summer.”

Plant manager Michael Page has been with DBCI over 15 years. “Every employee here makes a daily commitment to his own safety and that of all his or her co-workers,” says Page, “Eight years ago, we struggled with the idea of going accident-free for any extended period of time. Today, those same people talk about how they cut their lawn with safety glasses and earplugs, and shut off the breaker to change a light bulb. The culture has changed from we can’t to we will

DBCI is a leading designer and manufacturer of commercial-grade steel roll-up doors and self storage solutions.  Headquartered in Douglasville, Georgia, DBCI also operates production facilities in Houston and Chandler, Arizona.

For further information, please contact T.J. Kuehn at tjkuehn@dbci.com or 678-501-3026.

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Public Storage is Opening a New Storage Facility in Denver

asdfsdfasdfDENVER–(BUSINESS WIRE)–Public Storage (NYSE:PSA) is expanding today with the grand opening of a newly constructed self-storage facility in the Stapleton area to serve that planned community and others nearby.

The opening increases the number of locations Public Storage operates in the larger Denver area to an even 50. It will give active area residents who thrive on outdoor activities there 700 additional storage spaces for their seasonal gear, from skis to kayaks, in addition to any other storage needs.

Public Storage 10298 E. 45th Ave, Denver, CO 80238 is in the Stapleton Business Center, part of Denver’s largest neighborhood being built 10 minutes from the center of downtown on land that used to be part of the city’s only airport. Located conveniently off of the I-70 freeway, it will serve residents of the 3,500 homes and 480 apartments already occupied or under construction there.

The storage facility is located on five acres that were part of a larger redevelopment effort after Stapleton International Airport closed in 1995 in favor of Denver International. The neighborhood of families, schools, open spaces and retail will be connected to central Denver via a commuter rail line to the center of town.

The new Public Storage location sits at the edge of Stapleton and is also near the city of Aurora and other established Denver neighborhoods that include business parks and corporate warehouses. Many companies large and small use Public Storage and are expected to do so here.

For more information, visit PublicStorage.com or connect with us on Facebook or Twitter.

Company Information

We help customers in their time of need, whether moving, downsizing or storing for business. Public Storage was founded in 1972 with a single Southern California self-storage building. We’ve grown a bit since then, to more than 2,250 locations around the country, making us the largest in the business today and a member of the S&P 500. We offer self-storage options of all shapes and sizes and the same personal attention from on-site managers that we’ve been giving from day one. For stockholders, we are a real estate investment trust, meaning we reinvest more of our revenue back into the business and distribute a large portion to public investors in the form of dividends. Learn more about Public Storage at http://www.publicstorage.com.

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JUST CLOSED: JLL Negotiates Sale of ValueSpace Storage Portfolio in Georgia

Capture321312HOUSTON, August 2015 JLL’s National Self Storage Team is proud to announce the sale of the ValueSpace Storage Portfolio.  The portfolio includes two facilities located at 5990 Parkway North Boulevard in Cumming, Georgia, and 141 B Butterworth Road in Canton, Georgia. Cumming and Canton are located approximately 30 miles north of the Atlanta CBD.  SecurCare Self Storage will be operating the portfolio.

The total net rentable area of the portfolio is approximately 96,000 square feet and both sites include space for construction of additional buildings. Each facility features high quality construction and is equipped with a number of amenities including climate controlled units, drive-up units, surface parking spaces, mailboxes, security fencing, electronic access control gates and 24 hour video surveillance.

Managing Directors Steve Mellon and Brian Somoza led the JLL team on the transaction.

“The portfolio is well occupied and because each site has room for expansion, the new ownership has the opportunity to create additional revenue,” said Mellon.

 

 
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitwww.jll.com

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ARGUS BROKER AFFILIATE SELLS TWO ARIZONA SELF STORAGE FACILITIES

Eagle Commercial Realty Services, AMO is pleased to announce the sale of A-Secured Self & Vehicle Storage in Mesa, Arizona. The self-storage facility sold July 22, 2015 for $5,400,000 to a local buyer who bested dozens of offers. The property, located at 550 N Power Road, consists of a total of 356 drive up storage units, 216 uncovered boat and RV storage and 139 covered boat and RV storage spaces totaling 139,955 rentable SF on 6.73 acres. The property garnered offers from an international buyer pool but ultimately a local investor won the deal. Buyer and Seller were both very pleased with the results and are looking forward to new projects.

Additionally, Eagle is pleased to announce the sale of A-Secured Vehicle Storage in Gilbert, Arizona which sold July 24, 2015 for $3,400,000 to an international buyer who bested multiple offers. The property, located at 105 E Baseline Road, consists of 556 boat, vehicle, and RV storage spaces. The facility consists of 286 covered parking spaces and 270 uncovered spaces, with a total of 168,330 rentable SF on 11.26 acres. The property garnered attention from our nation-wide buyer pool but ultimately sold to an international buyer. Buyer and Seller were both very pleased with the results and looking forward to new upcoming projects.

Jeff Gorden, CCIM of Eagle Commercial Realty Services, AMO® in Phoenix, an Argus Self Storage Sales Network Affiliate, represented the sellers of the properties. The higher sale price of each deal is credited to the marketing platform and professional service that Argus Brokers provide to sellers of self-storage properties.

Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the ASSSN has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.

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