• Real Estate
    If you have a sale, grand opening, groundbreaking or other real estate transaction you would like listed here, e-mail storagenews@vpico.com. Locke Acquisition Group LLC represented Sovran Self Storage Inc.in the purchase of 26 storage properties during the second quarter of ...More
    November 7, 2006 Posted in Articles
  • News
    To submit a news release, e-mail storagenews@vpico.com. DSI Expands New Divisions San Clemente, Calif.-based Development Services Inc. (DSI) expanded two new divisions, enabling the company to provide services nationwide. Jay Graham will serve as vice president of the new ...More
    November 7, 2006 Posted in Articles, Real Estate, Technology
  • Total Cost of Ownership
    It was 5:30 p.m. and the day was winding down, leaving me to concentrate on the piles of paper on my desk until the phone rang. It was the local sales representative supplying my records center’s handhelds. He launched into a well-rehearsed speech about the latest ...More
    November 7, 2006 Ian Thomas Posted in Articles, Technology
  • Over the River and Through the Woods
    During the old days, self-storage was little more than a ramshackle shed with a nice elderly person holding the keys ... but, this isn’t your grandma’s business anymore! Unless you’ve been living in one for decades, you know facilities emerging in the marketplace today are ...More
    November 7, 2006 Drew G. Whitney Posted in Articles, Finance
  • Creative Debt Structures
    It’s still a borrower’s market. The best news is self-storage commercial mortgage backed securities (CMBS) hold one of the lowest default rates of all real estate asset classes including office, industrial, retail and multi-family. Lenders once considered self-storage ...More
    November 7, 2006 Joe Maehler and Scott Sweeney Posted in Articles, Finance
  • Storage Speak
    By Teri L. Lanza, ISS Business Development Manager Already the Holidays (with a capital H) are just around the corner. Oh, fa-la-la-la-la-la-blah-blah-blah. Sorry to be such a Scrooge, but it’s been one heck of a year; blast if I know where all the time has gone. In my ...More
    November 7, 2006 Teri Lanza Posted in Articles
  • Investors’ Paradise
    In most regions of the country, self-storage has strengthened and will continue to improve well into 2007. A number of factors will bolster the sector, including access to relatively cheap capital. In addition, people priced out of the housing market and into rental ...More
    November 7, 2006 Steven M. Ekovich Posted in Articles, Development
  • Media Watchdog
    As the self-storage industry permeates our communities, it receives increasing attention from mainstream media outlets—and not always favorably. As industry professionals, we should be aware of how self-storage is presented to the public. Media Watchdog is devoted to ...More
    November 7, 2006 Posted in Articles
  • Quality Counts
    One of our sales associates was contacted recently by an old self-storage friend remodeling his retail space. He was looking for ideas on displays and merchandising, and wanted everything to be professional, appealing and top of the line. It was worth spending a bit more, ...More
    November 7, 2006 Roy Katz Posted in Articles
  • The Offensive Lineup
    Many operators focus only on unit occupancies. As an owner, I know it’s an ego boost when occupancies are high. Maybe you’re hovering at 95 percent occupancy, have cut back marketing efforts and put the operation on cruise control. Why not? You have only a handful of units ...More
    November 7, 2006 Brad North Posted in Articles