Amsdell Cos./Compass Self Storage Offers Rent Postponement for Government Workers
Compass Self Storage, which operates 85 locations in 14 states, is offering rent postponement to tenants affected by the partial government shutdown. The deferment is available to government workers whose pay has been suspended for as long as the shutdown is in effect. Tenants won’t accrue late-payment fees as part of the special program, according to a press release.
“We are sympathetic to the difficult situation many government workers and their families are in, and we want to do our small part to help,” said Todd Amsdell, president.
The partial shutdown began on Dec. 22. It affects about 800,000 employees in the nine federal cabinet departments as well as smaller agencies whose funding has lapsed. Approximately 380,000 workers have been furloughed without pay while the rest are working without pay until the shutdown ends, according to the source.
Compass is part of the Amsdell family of companies, headquartered in Cleveland, which draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, Tennessee and Texas.