Storage Asset Management (SAM), a self-storage management and consulting company, has announced its operating results for the fourth quarter, which ended Dec. 31. The company increased same-store revenue by 4.9 percent compared to the same period last year. It also grew net operating income by 7.2 percent over 2020, according to a press release.
SAM reached 310 managed locations in 31 states last year, encompassing more than 19 million square feet in 135,190 units. The facilities collected more than $160 million in rent.
The company attributes its results to “a strong team with the ability to focus on doing what is best for each individual facility, while using data and technology to make smart decisions and improve efficiencies,” the release stated. It also credited its success to quickly adapting during the pandemic as well as having systems and technology in place that allowed for a safe working environment and online rentals.
Founded in 2010 and based in York, Pa., SAM employs 553 people.