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Union Realtime Partners With Self-Storage Operators to Expand Radius Development Database

July 24, 2018

2 Min Read
Union Realtime Partners With Self-Storage Operators to Expand Radius Development Database

Update 7/24/18 – Union Realtime has also partnered with The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, to include WWG development projects in the Radius platform.

“Union Realtime is at the forefront of driving the self-storage industry forward with the best datasets and analytics, and we are thrilled to partner with them,” said Timothy Hobin, executive vice president of real estate for WWG, in a released statement. “With the Radius platform, Union Realtime has enabled all participants in the self-storage industry to make informed decisions, and we look forward to accelerating their efforts with our contributions."

“[WWG] is a distinguished industry leader,” noted Sylvester. “They have seen Radius grow from an idea into reality over the last several years, and we are grateful they are contributing to our vision of creating structural change in the quality and consistency of data.”

Founded in 1994 and based in Santa Monica, Calif., WWG acquires, develops and operates more than 145 self-storage facilities in 14 states.

5/31/18 – Self-storage real estate investment trust Life Storage Inc. has partnered with research firm Union Realtime LLC on an initiative to consolidate development data across the self-storage industry. Life Storage will add its development information into Union’s database of more than 2,400 projects. The dataset has been added to version 3 of Union’s Radius Location Intelligence platform, which aggregates information about new self-storage supply, according to a press release.

“We are excited to collaborate with Union Realtime to accelerate the accuracy and transparency of development activity in the self-storage sector,” said Joseph Saffire, chief investment officer at Life Storage. “Union Realtime is at the forefront of creating industry-leading datasets and analytics, and we are excited to partner with them on improving the quality of development data in the Radius platform for the betterment of the industry.”

Radius is an online tool that tracks market demographics, occupancy and rental rates in addition to new and existing self-storage supply. Union considers the addition of Life Storage data a “leap forward” in its reporting capability. “Life Storage is adding valuable real-time knowledge of development activity across the country,” said Cory Sylvester, principal at Union. “This partnership serves as an important step toward a permanent structural change in the quality and consistency of accessible development data.”

Union Realtime uses technology solutions to deliver self-storage data and analysis. Its tracking data is updated daily.

Based in Buffalo, N.Y., Life Storage operates more than 700 self-storage facilities in 28 states under the Life Storage and Uncle Bob’s brands. Its portfolio of owned and managed facilities comprises more than 50 million square feet.

Source:
Medium, Union Realtime Announces Data Partnership with Life Storage

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