As an owner of a facility you will receive numerous benefits that you won’t with any other management company, or even managing the facility yourself. Due to the number of facilities we operate, our experience in the self storage industry, and our company’s reputation we will bring you and your facility many of the following benefits.

Increased Value:
As outlined in the 3Plus program, the revenue management part of the program pushes the envelope on rental increases and street rates; the marketing part of the program drives more customers to your facility and the technology part of the program gives you unlimited access to more reporting features that you will ever need. These three features maximize your properties revenues and increase the value of your investment.

Improved Financing:
Getting financing on your storage facility can be difficult, and the money can be expensive. This is true for debt as well as equity financing. It has been our experience that banks and investors feel much more comfortable dealing with a NYSE traded company with vast management experience, than other, smaller management companies. Extra Space also purchases many of our managed properties, giving bankers and investors the peace of mind for an exit strategy. Content bankers and investors usually means better terms for owners.

Exit Strategy:
In 1998 Extra Space owned 12 facilities and has grown to over 650. This has been accomplished mostly through property acquisitions. We have an appetite for more facilities and have the intent to purchase all of the sites that we mange. In 2007, Extra Space purchased $150,000,000 worth of storage facilities that we managed. This gives owners a clear exit strategy when they are ready to sell.

Purchasing Power:
Due to the large number of facilities that we operate, it is likely that we already operate a facility near yours. This geographical synergy gives you the opportunity to spread many of your costs over the properties in the area, reducing your operating costs. This includes yellow page costs, internet marketing costs, insurance costs and many others. Lower costs coupled with higher revenue due to rate and occupancy increases means more money to the owner.

Opportunity:
Managing storage facilities is sometimes time intensive. There are many other things that you could be doing than calling upset customers, hiring or firing employees or trying to collect receivables. Many of the owners that we manage for use their new found free time to work on new storage deals.