Page 26 - Inside Self Storage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cindy Whitehead’s stepfather died last March at the age of 93. The cause of death, she was told, was heart failure. But he was never tested for COVID-19, so Whitehead still wonders if he was an early victim of the pandemic. Whitehead, 58, moved her stepfather’s belongings into a self-storage facility in Hawthorne costing $165 a month. To cut costs, she switched to a smaller unit in late September costing $95 monthly. She received a notice this week that the price of the storage unit will rise March 1 by more than 8% to $103 a month. “This seems really unethical,” the Hermosa Beach res...

Jan 30, 2021 ezStorage Corp., which operates 48 self-storage facilities in Maryland, Virginia and Washington, D.C., is reportedly marketing its book of assets to a limited pool of public and private buyers. A deal for the mostly stabilized portfolio, which is approximately 92 percent occupied with an average facility age of 12 years, could top $2 billion, a source affiliated with a potential buyer told the “SpareFoot Storage Beat,” an industry blog. ezStorage ranked No. 24 on the Inside Self-Storage 2020 Top-Operators List of facility owners, with its portfolio comprising 5.1 million net...

Jan 26, 2021 This ebook from Janus International addresses the tools you need to sharpen security performance at your self-storage facility and how they can help your business grow. It covers the best options for entry point and unit security, a breakdown of high-tech features, and pro tips for updating an older system. You’ll learn why you need to modernize, the components every facility needs, the top five equipment upgrades to consider now, when and how to make the transition, and more. Key takeaways for your business: • Why, when and how to modernize your self-storage security system ...

Blackstone Acquires Simply Self Storage for $1.2B With the completion of this deal, BREIT is now the third largest non-listed self-storage operator in the country. Update 1/6/21 – BREIT completed its acquisition of Simply Self Storage on Dec. 18. With the deal complete, the company believes it is now the third largest non-listed self-storage operator in the United States, according a press release. Simpson Thacher & Bartlett LLP served as BREIT’s legal adviser, while BofA Securities Inc. and Deutsche Bank Securities Inc. served as its financial advisers. Fried, Frank, Harris, Shriv...

Dec 23, 2020 It’s probably safe to say that we’re all eager to put 2020 in the rearview mirror and focus on brighter times ahead. It’s been a year of uncertainty, worry and constant change. And yet self-storage professionals pushed through the pandemic to serve up the best possible customer experience, whether for consumers or facility owners, managers, investors and developers. As we move into 2021, it’s time to stock up on the latest industry knowledge so your business can flourish in the months ahead. To close the year, Inside Self-Storage has released several new free and paid re...