Storage Asset Management Inc. (SAM), a new self-storage property-management and consulting company, was launched in May when its managing partners, Jay Hoke and Alyssa Quill, purchased 27 third-party management contracts from Investment Real Estate Management LLC (IREM). The purchase included ownership of Findmyselfstorage.com, an online self-storage directory and resource launched last month by IREM.
Hoke and Quill have been managing self-storage operations for investors since 1998. Their previous combined experience includes positions with Devon Self Storage, Extra Space Storage and Storage USA. Until recently, both served as vice presidents of investment at IREM for eight years. The new properties in their care are in the mid-Atlantic and northeast states.
SAM will provide its clients with manager sales training, technology, policies and procedures, and cost reduction through shared economies of scale. Clients will also benefit from SAM’s continued relationship with IREM. Findmyselfstorage.com will continue to provide facility owners with affordable website design, hosting and management solutions.
IREM owner John H. Gilliland sold the management contracts for these properties in order to focus on self-storage facility brokerage and grow his Moove In Self Storage portfolio, which currently includes 12 Pennsylvania facilities.
Based in York, Pa., IREM offers brokerage and construction services throughout the mid-Atlantic and northeast regions.