The Jenkins Organization Reports 2012 Self-Storage Financial Results
Copyright 2014 by Virgo Publishing.
By:
Posted on: 04/22/2013



 

The Jenkins Organization Inc., an operator, developer and third-party manager of self-storage facilities, announced its 2012 year-end results for same-store sales, reporting an 18.4 percent increase compared to 2011. The company added 19 storage properties during the year, with four coming by acquisition and 15 through third-party management contracts. These properties produced a combined increase in sales volume of 36.7 percent, company officials said.

The company also expanded operations during the year by adding accounting personnel and two district managers, and creating a district manager in training position to assist with future growth. The Jenkins Organization also formed The Storage Web LLC, an Internet-marketing company specializing in website development, search engine optimization marketing and lead tracking.

“We’ve made structural changes and brought in top-level talent to build a core that rivals any in the industry, and our results speak volumes,” said Ricky Jenkins, CEO. “When other companies are eager to report same-store sales increases in the 5 to 8 percent range, we’re doubling that through efficient marketing, training and a revenue-management structure that produces extraordinary results. With the store teams, management, marketing strategies and revenue-management procedures we have in place, our future looks very strong.”

The company’s growth has continued into 2013, with the purchase of a self-storage property in Mansfield, Texas, earlier this month and another development project scheduled to be completed in May. The company also is under contract to purchase two more facilities and add five new management properties in Texas and Oklahoma, officials said.

Based in Houston, The Jenkins Organization owns or manages 53 self-storage properties throughout Louisiana, Oklahoma and Texas. The portfolio comprises more than 3.5 million square feet and is valued at more than $175 million. The company specializes in self-storage acquisitions, development and management. Its real estate development services include sale-leaseback and build-to-suit transactions.