Absolute Storage Management (ASM), a self-storage owner and property-management firm, recently celebrated its 15th year in business and added the 100th property to its third-party management roster, according to a press release.
ASM was founded in 2002 in Memphis, Tenn., by a three-partner team with 15 collective years of previous work experience at Storage USA. Its first managed property was in Montgomery, Ala. By 2004, it was managing 1 million square feet of storage space.
Today, ASM oversees more than 5 million square feet of self-storage in 13 states. It employs more than 250 people and has offices in Atlanta; Charlotte, N.C.; Jackson, Miss.; and Nashville, Tenn.
The company’s newest managed property is Melrose Storage in Nashville. The facility is owned by The Natchez Group, which focuses on self-storage development and investments in Central Tennessee and the Southeast. ASM also oversees the company’s other three storage properties.
The firm plans to enter new markets this year, including Indiana and Texas. ASM also has projects under development with joint-venture partners.
ASM holds an Accredited Management Organization designation from The Institute of Real Estate Management (IREM). To achieve the designation, the company had to meet specific standards, such as conducting business activities in compliance with IREM laws and regulations.