The 2016 Mini-Storage Messenger Manager of the Year Competition Has Begun!

MOY Generic TrophyA Deserving Manager Needs Your Nomination!

The 2016 Mini-Storage Messenger Manager of the Year Competition Has Begun! The winning manager will have excellent customer relations skills, sound business practices, and the creative edge that has made his or her self-storage facility a success.

Does this sound like a manager you know?

 

2016 Manager of the Year Guidelines

  • The winner will receive an American Express $250 Gift Card!
  • A feature article with a profile of the winner will appear in both Mini-Storage Messenger and Self-Storage Now magazines.
  • Two candidates selected for honorable mention will receive an American Express $50 Gift Card, a certificate of achievement, and will be featured in the magazines!

Enter Your Candidate Today!

Please click on the link below to submit your nomination!

CLICK HERE – Manager of the Year

You can nominate yourself or another manager.

Good Luck!!!

Posted in MESSENGER NEWS | Leave a comment

Recent Rein & Grossoehme Commercial Real Estate Self-Storage Transactions

Two self storage transactions were recently recorded in Arizona, both brokered by Bill Alter of Rein & Grossoehme Commercial Real Estate. One sale involved a property located in the Town of Maricopa that sold for $5,250,000. The property was built in 2006 and consisted of 70,539 square feet and 569 units. The seller was an entity controlled by Ryan Schoff of Tucson. The buyer was an entity controlled by Michael Ransome of Scottsdale. The second sale involved a property located in Tucson that sold by way of auction for $1,200,000. This property was built in 1982 and consisted of 43,900 square feet and 404 units. The seller was a court appointed receiver acting on behalf of numerous investors in a California entity, the controller of which has been alleged to have violated various federal securities laws. The buyer was Bargain Storage of Portland, OR. These two sales represent Bill Alter’s 148th and 149th successful self storage sale.

For more information contact Bill Alter at 602-315-0771 or Bill@RGcre.com. You may also visit WWW.RGCRE/author/BillA

Rein & Grossoehme specializes in the sale of investment properties and commercial leasing.

Posted in NEW RELEASES | Comments Off on Recent Rein & Grossoehme Commercial Real Estate Self-Storage Transactions

FIVE-PROPERTY SELF-STORAGE PORTFOLIO SALE ARRANGED BY MARCUS & MILLICHAP

image006TULSA, Okla., May 12, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a five-property, 1,876-unit, Storage Station self-storage portfolio in Tulsa.

“This is a great example of our reach: we were able to bring a Florida buyer to the deal in Tulsa, Oklahoma,” says Michael Mele, senior director of Marcus & Millichap’s National Self- Storage Group. “It was a total team effort.”

Mele and Trey Hammond, an associate in the firm’s Tulsa office, represented the seller, a private investor, and procured the buyer, a limited liability company. Tom Mann of the Tulsa office is Marcus & Millichap’s broker of record in Oklahoma.

The properties are:

    • Beeline, 10 buildings, 393 units, 47,200 rentable square feet
    • Brookside, 17 buildings, 512 units, 64,555 rentable square feet
    • Downtown, 1 building, 200 units, 31,661 rentable square feet
    • Midtown, 20 buildings, 465 units, 57,401 rentable square feet
    • Yale, 5 buildings, 306 units, 32,019 rentable square feet

 

The properties are located less than 10 miles from each another and every location is less than one mile from highway access. The portfolio features 53 buildings, 232,836 net rentable square feet, 112 climate-controlled units, 1,642 non-climate-controlled units and 122 parking spaces. With historical occupancy continuously above 90 percent, the portfolio provides a significant, stable presence in a Southwest secondary market.

“The large number of offers from a diverse set of buyers illustrates the strength and appeal of markets like Oklahoma and the sector’s eagerness to search for better returns,” concludes Hammond.

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

 

Posted in NEW RELEASES | Comments Off on FIVE-PROPERTY SELF-STORAGE PORTFOLIO SALE ARRANGED BY MARCUS & MILLICHAP

COMPASS SELF STORAGE EXPANDS IN GREATER NASHVILLE MARKET WITH ACQUISITION OF SELF STORAGE CENTER

Capture567Cleveland, OH – May 9, 2016 – Compass Self Storage, a member of the Amsdell family of companies, proudly announces the acquisition of their newest self-storage center, located at 1703 Green Lane in Shelbyville, TN. This self storage center marks the fifth location in the greater Nashville area. Compass Self Storage (www.compassselfstorage.com), now has five locations in the greater Nashville market and 69 self storage centers across the United States. Company growth is projected to continue with the acquisition of quality storage properties in select markets.

This newest Compass Self Storage location offers over 98,000 net rentable square feet and features climate controlled and drive up units, electronic access, online payments, covered and open air RV and boat storage, truck rental and a full line of moving and packing supplies. This Compass Self Storage location will also offer a smart phone app that will allow customers remote gate access via their phone.

“We are excited about the acquisition of this self storage center as it will allow us to further expand our service area in the Nashville market. We will offer a convenient, one-stop shop for the moving and storage needs of the residents and businesses in this area,” stated Todd Amsdell, President.

The above-mentioned acquisition was made by separate affiliates of Amsdell Group, LLC and Compass Self Storage, LLC. 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.

###

Posted in NEW RELEASES | Comments Off on COMPASS SELF STORAGE EXPANDS IN GREATER NASHVILLE MARKET WITH ACQUISITION OF SELF STORAGE CENTER

Investment Real Estate, LLC Announces Sale of Wallkill Valley Self Storage

York, PA – May 5, 2016 Locally owned and operated Investment Real Estate, LLC announces the sale of Wallkill Valley Self Storage for $2,000,000 to a private investment group. Wallkill Valley Self Storage is located on Route 23 between the towns of Hamburg and Sussex in Sussex County, New Jersey.

Wallkill Valley Self Storage consists of 13 single story metal buildings with over 400 storage units and outdoor parking spaces. The facility is located on over 16 acres of Commercial zoned land with excellent visibility from Route 23, a major north-south arterial serving greater Hamburg.

The property has on on-site rental office. Site improvements include standing seam metal roofs, asphalt and gravel driveways, fenced perimeter, exterior lighting and keypad operated gate.

John Gilliland, President and CEO for Investment Real Estate, states, “We were happy to facilitate the sale for the owner of this property who built it nearly 30 years ago. We get great joy out of seeing someone reap the fruits of their labor. The Seller was happy to get some credit for upside potential and the Buyer was happy to acquire a mature property with upside in today’s hot real estate market. It was a win-win for all parties.”

ABOUT INVESTMENT REAL ESTATE, LLC

Since our inception in 1998, Investment Real Estate, LLC has specialized solely in the self storage industry, including Brokerage, Construction, Management and Development. We travel thousands of miles each year, meeting and getting to know clients in the markets we serve, networking at various industry associations and functions, while developing our reputation as the go-to source for information in the self storage industry. We are the #1 Broker of Self Storage in the Mid-Atlantic and Northeast States. For more information, please visit www.irellc.com.

Posted in NEW RELEASES | Comments Off on Investment Real Estate, LLC Announces Sale of Wallkill Valley Self Storage

U-Haul Buys Self-Storage Development Site in Howell, NJ

sssPhoenix-based U-Haul International Inc. has purchased a 4.7 acre self-storage development site in Howell, N.J., for $850,000. Located along U.S. Route 9, the property is approved for 118,000 square feet of storage space. The sellers had originally obtained the entitlements to develop storage on the site themselves but decided to move in a different direction and list the land for sale, according to a press release from the Argus Self Storage Sales Network, the commercial real estate firm that brokered the transaction.

The project offered significant upside for the buyer, including high visibility, good demographics and a high traffic count, the release stated.

The broker was Linda Cinelli, founder of LC Realty and an Argus affiliate for New Jersey and New York.

Argus is a Denver-based network of real estate brokers who specialize in storage properties. Formed in 1994, the company has 36 broker affiliates covering nearly 40 markets.

Established in 1945, U-Haul has more than 44 million square feet of storage space at more than 1,200 owned facilities throughout North America.

Posted in NEW RELEASES | Comments Off on U-Haul Buys Self-Storage Development Site in Howell, NJ

Strategic Storage Trust II, Inc. (SST II) Acquires 530-Unit Self Storage Facility in Florida

PORT ST. LUCIE, FL–(Marketwired – May 3, 2016) – Strategic Storage Trust II, Inc. (SST II) — which is sponsored by SmartStop Asset Management, LLC — recently purchased a self storage facility located in the Miami-Fort Lauderdale-West Palm Beach Metropolitan Statistical Area (MSA). The four-building facility totals approximately 530 units and approximately 53,100 rentable square feet.

“We targeted this self storage facility due to its high occupancy level and solid location,” said H. Michael Schwartz, chairman and CEO of SST II.

Built in 1999, the Port St. Lucie facility sits on approximately 3.56 acres and is approximately 97% occupied. Located at 525 SW South Macedo Boulevard, the facility offers drive-up, RV spaces and climate controlled units.

About Strategic Storage Trust II, Inc. (SST II)

Strategic Storage Trust II, Inc. (SST II) is a public non-traded REIT that focuses on stabilized self storage properties. The SST II portfolio includes approximately 27,600 self storage units and approximately 3.0 million rentable square feet of storage space.

About SmartStop Asset Management, LLC

SmartStop Asset Management, LLC is a diversified real estate company with a managed portfolio that currently includes approximately 43,000 self storage units and approximately 4.7 million rentable square feet. The company is the asset manager for 69 self storage facilities located throughout the United States and Toronto, Canada. SmartStop Asset Management is the sponsor of SST II and Strategic Storage Growth Trust, Inc. (SSGT), a public non-traded REIT focused on opportunistic self storage assets. 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), 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.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties relating to the public offering of our common stock; uncertainties related to the timing and availability of distributions; and other risk factors as outlined in the Company’s prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities.

CONTACT INFORMATION

Posted in NEW RELEASES | Comments Off on Strategic Storage Trust II, Inc. (SST II) Acquires 530-Unit Self Storage Facility in Florida

ARGUS BROKER AFFILIATE SELLS COLORADO SELF STORAGE FACILITY

Joan Lucas, of Joan Lucas Real Estate Services, represented the seller of Mary’s Magazine Storage located in Cañon City, CO which sold in March 2016 for $2,200,000. The property is comprised of two locations at 1035 Field St. and 1935 High St. and offers 66,850 RSF of self storage and RV/Boat Storage. The buyer was a local investor who was interested in adding to his portfolio of self-storage properties in Colorado.
Joan is the Argus Self Storage Sales Network broker affiliate representing the State of Colorado. She can be reached at 720-855-6587. 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 38 Broker Affiliates covering nearly 40 markets with a combined transaction history of over $2 Billion. 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.

Posted in NEW RELEASES | Comments Off on ARGUS BROKER AFFILIATE SELLS COLORADO SELF STORAGE FACILITY

Industry Leaders Partner to make the payment process Simple, Secure, and Available 24/7

PHOENIX, ARIZONA – April 25th, 2016 –  OpenTech Alliance Inc., the leading innovator of automation solutions for the self storage industry and  Select Merchant Solutions, the industry’s leading payment processer have partnered to market OpenTech’s pay by phone solution – XpressPay in conjunction with Select Merchant Solutions credit card payment processing service. The two companies are combining efforts to help Select Merchant Solutions’ customers make the rental payment process an effortless experience for both the tenant and the facility manager.

In 2015, the Self-Storage Call Center at OpenTech (INSOMNIAC Live!) processed a total of 357,727 tenant payment transactions for their portfolio of storage clients.  The amazing thing is that over 218,286 were processed automatically by XpressPay. Tenants that called to make their payment over the phone preferred to use the automated service instead of talking with a storage employee.

Ron Park, Director of Sales at Select Merchant Solutions said, “This trend is a huge call to action for our storage clients.  We now know that a majority of storage tenants prefer to pay their rent through XpressPay, rather than over the phone with a storage employee.  By integrating this inexpensive transaction tool, over 60% of the time spent processing payments by phone can be reduced by offering them an automated solution. In addition, our owner-operators and store managers will see accelerated cash-flow and reduced collections as added benefits of the solution.”

“We chose OpenTech to deliver this service because they have such a long history of proven success with their self-storage innovations and industry leading customer service.  They offer the best web, mobile and on-site platforms on the market, period.  Our focus has always been to help our clients through the use of transaction technology that is proven successful.  Uniting with an industry leader like OpenTech was only natural,” said Park.

Robert Chiti, President and CEO at OpenTech said, “Our strategy is to grow our business through internal innovation, acquisition and partnerships.  We are very excited to be working with Ron to help his clients reduce their risk of credit card fraud, lower their costs and make their customer’s tenants happier.”

XpressPay offer the following benefits:

  • Services English and Spanish speaking tenants
  • Works 24/7
  • Takes payments for multiple facilities with only one customer service phone number
  • All payments are processed thru the facilities property management software (all major players supported)
  • Supports charging a convenience fee
  • Never waives late fees
  • Recognizes callers automatically and will use the credit card they have on file, if available
  • Sends payment receipts via email
  • Offers added fraud protection
  • Handles balance inquiry, paid thru date and payment calls
  • Simple setup
  • Available for facilities NOT using OpenTech’s call center

Contact OpenTech to learn more about how XpressPay can help your business make your payment process effortless. XpressPay costs less than a round of fancy coffees at Starbucks each month.

Why We Do What We Do: Every day, OpenTech Alliance connects thousands of tenants with storage companies around the world. With over 4,000 daily transactions, the companies automated products and services helped Storage Managers move-in over 100,000 tenants in 2014, generating over 100 million dollars in new sales revenue alone. OpenTech also owns a majority stake in Storage Treasures, LLC and operates www.storagetreasures.com, the largest online and onsite self-storage auction market place in the industry with over 900,000 bidders, 6,500 self-storage facilities and over 140,000 auctions held in 2015. OpenTech, Making Self-Storage Easier, So More People will Use It. For additional information, please visit www.opentechalliance.com or call an OpenTech Business Development Manager at (602) 749-9370.

Posted in NEW RELEASES | Comments Off on Industry Leaders Partner to make the payment process Simple, Secure, and Available 24/7

Talonvest Capital “Walks the Walk” for Local Charity

Irvine, CA – April 21, 2016 – Talonvest Capital, Inc., a boutique self storage and commercial real estate advisor, received the 2016 Top Corporate Fund Raising Award for the second year in a row from the Orange County Ronald McDonald House at the recent 5K Walk for Kids. Talonvest is proud to assist the Orange County Ronald McDonald House and Ronald McDonald Family Rooms in its efforts to provide comfort, support and care for families of children receiving treatment in Orange County hospitals.

Talonvest has made a direct annual donation to the Orange County Ronald McDonald House in addition to rallying clients, capital providers, friends, and family to donate through the Walk for Kids. Receiving the 2016 Top Corporate Fund Raising Award was made possible by several colleagues that share the firm’s values on giving back. Firms such as, Devon Self Storage, Post Management, Stor-All Group, North American Self Storage Group, Clark Investment Group and Wells Fargo to name a few. “I had a personal experience with the Ronald McDonald House when my child fought for her life.” says Talonvest principal, Eric Snyder. “We were so grateful for the compassion and the services they offered us during our time of need.”

In addition to lending financial support, the Talonvest team has “walked the walk”, both literally and figuratively. Employees annually participate in Ronald McDonald House’s largest fundraiser, Walk for Kids, a 3.1 mile walk with thousands of supporters. In addition, the team has volunteered time serving dinner to families staying in the house and annually sponsors a guest room at the Orange County Ronald McDonald House, which financially supports all the families that stay in that room for the entire year.

“Giving back to the community is one of our core values at Talonvest” says Talonvest principal, Tom Sherlock. “We are proud to be involved in a wonderful charity that makes such a meaningful impact on peoples’ lives at such a vulnerable time.” The organization provides a “home away from home” and a community where children and their families embrace life and healing with a sense of hope, enthusiasm, courage and joy.

About Ronald McDonald’s House Charities

Ronald McDonald House Charities® (RMHC®), a non-profit, 501 (c) (3) corporation, creates, finds and supports programs that directly improve the health and well-being of children. Through its global network of 300 Chapters in more than 62 countries and regions, its three core programs, the Ronald McDonald House®, the Ronald McDonald Family Room® and the Ronald McDonald Care Mobile®, and millions of dollars in grants to support children’s programs worldwide, RMHC provides stability and vital resources to families so they can get and keep their children healthy and happy. All RMHC-operated and supported programs, enable family-centered care, provide a bridge to quality health care, are a vital part of the health care continuum and give children and families the time they need to heal and cope better together. For more information about RMHC, visit www.rmhc.org, follow RMHC on Twitter (@RMHC), or like RMHC on Facebook (Facebook.com/RMHC Global).

About Talonvest Capital, Inc.

Talonvest Capital is a boutique real estate firm providing advisory services to self storage and commercial real estate investors, owners and developers nationally.  The principals of the firm have over 80 years of combined experience structuring loans and equity investments for office, industrial, retail, and apartment properties throughout the United States.  In addition, they have established a dominant niche position in financing self-storage properties across the country.

Posted in NEW RELEASES | Comments Off on Talonvest Capital “Walks the Walk” for Local Charity