Update 9/7/17 – Hernando Self Storage LLC has opened a new facility in Hernando, Miss. The first phase for the property at 2795 McIngvale Road comprises 41,545 square feet of climate-controlled space in 329 units.

Planters Bank & Trust Co. provided the loan to purchase the property, according to an ASM press release. It’s the firm’s first property under management in the city and ninth in the state. ASM also has construction projects underway in Atlanta and Louisville, Ky.

6/30/17 – Absolute Storage Management (ASM), a self-storage owner and property-management firm, is building a new facility in Starkville, Miss., with joint-venture partners Jim Burrow, an independent investor, and Billy Orgel, CEO of Tower Ventures, a telecommunications company. Both partners are based in Memphis, Tenn., according to an ASM press release. The facility is expected to open early next year.

The 6-acre property is on Highway 25, near a Super Walmart retail store. Phase one of the project will encompass 65,000 square feet of self-storage and 9,000 square feet of covered vehicle parking.

Financing will be provided by Planters Bank of Mississippi.

In January, ASM purchased two Madison, Ala., facilities in another joint venture with an affiliate of The Natchez Group, a self-storage developer. The sites, Balch Road Self Storage and Madison Boulevard Mini Storage, comprise 83,000 square feet of storage space. ASM plans to upgrade the offices and security systems at each facility, according to a company press release.

Founded in 2002, ASM manages 88 self-storage facilities, 16 of which are owned and operated in joint ventures with the company. Headquartered in Memphis, Tenn., it has regional offices in Atlanta; Charlotte, N.C.; Jackson, Miss.; and Nashville, Tenn.

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