Uncle Bobs Self Storage, the operating brand of Sovran Self Storage Inc., recently signed contracts to assume third-party management of five self-storage facilities. Each property will be rebranded as Uncle Bobs and integrated into the companys management platform.
Four of the agreements were signed during the fourth quarter 2012 between unaffiliated owners and Uncle Bobs Management LLC. The fifth was executed this month. The number of managed self-storage properties under the company now totals 71, including those under joint-venture agreements.
We are excited to forge new relationships with the owners of these facilities, said Jack Rogers, vice president of business development.
The facilities comprise more than 400,000 square feet and are located in areas where the company already has a market presence:
- 1907 Campostella Road, Chesapeake, Va.
- 6331 North Broadway St., Chicago
- 802 E. Richey Road, Houston
- 114 Joann Lane, Mooresville, N.C.
- 1835 Olive Road, Pensacola, Fla.
Sovran is a real estate investment trust that operates more than 460 self-storage facilities in 25 states, with a large presence in Texas.