Contributing Editors



Real Estate Firm Makes Big Self Storage Acquisition Demonstrating Strength of Market

by John Stevens December 30, 2010 8:36 AM
Overall, during the past few years the self storage market has proven to be recession-resilient and this has led to many acquisitions for investment. There is a bubble of safety around the storage business because of a constant growing demand. Just this week in a major purchase, Virtus, an Austin, Texas, based real estate private equity firm has purchased 20 self storage facilities throughout the southeastern U.S., totaling 1,000,000 sq. ft. of space at a cost of $50 million. [More]

Self Storage Owners Contribute Money and Space for the Needy Through a Variety of Organizations

by John Stevens November 2, 2010 12:22 PM
Everyone knows Texas has a big heart. Now the Texas Self Storage Association is looking to highlight what a big heart self storage owners have when it comes to contributions to the community and working with the Shriners Children’s Hospital in Galveston. The local storage industry is being recognized for how they make a difference in a child’s life. [More]

Self Storage Owners Contribute Money and Space for the Needy Through a Variety of Organizations

by John Stevens October 27, 2010 11:16 AM
Everyone knows Texas has a big heart. Now the Texas Self Storage Association is looking to highlight what a big heart self storage owners have when it comes to contributions to the community and working with the Shriners Children’s Hospital in Galveston. The local storage industry is being recognized for how they make a difference in a child’s life.

The Texas Self Storage Association (TSSA) has long worked with the Shriners Children’s Hospital, collecting $230,000 in 2009 and even more in 2010, although exact numbers are not yet in. Amazing Spaces Storage Centers has worked with TSSA to support the Shriners for the past seven years. This year, Amazing Spaces matched each dollar donated to double the amount raised. All that is raised goes to the Shriners Hospital. The group’s annual convention in Fort Worth from Oct. 17 – 20, 2010, marked the end of the Make a Difference Campaign. [More]

Real Estate Investors Turn to Self Storage Properties

by Holly Robinson October 21, 2010 10:48 PM
Investors continue to take advantage of real estate investment opportunities in self storage as a way to escape otherwise risky commercial real estate markets, reports this week suggest. Self storage properties -- or land destined for self storage properties -- changed hands in Texas, Florida, and New York this week. [More]

Menards Goes Into the Self Storage Business

by Kim Kilpatrick October 4, 2010 11:15 PM
What can you do with a large, empty building that was previously used as a discount retail superstore? Make a self storage warehouse out of it. That’s what several retailers and real estate developers, after trying unsuccessfully to sell vacant buildings in a rough real estate market, are concluding. Over the summer, a group of Dallas real estate developers bought an old Walmart and converted it to a Just Store It facility. Now Menards has followed suit, turning its old Eau Claire, Wisconsin facility into a self storage business -- Menards Self Storage. [More]

Rental Housing, Too, Becomes Less Affordable -- Americans Continue to Downsize and Use More Storage

by Tony Gonzalez September 28, 2010 11:36 PM
Like homebuyers, many renters are having to downsize, putting more things in storage to make it possible to live in a smaller space, as housing prices become less affordable. Putting some things in storage makes downsizing a little bit easier by increasing the amount of space in a home available for use and decreasing the percentage of home space that is used for storage. While some renters use storage permanently as a way of decreasing the amount of living space that they need to pay for every month, others use it temporarily, while they transition to another home or to hold items that they are selling on eBay or Craig’s List. [More]

Wounded Warrior Outdoors Encourages Donations from Self Storage Facilities

by Kim Kilpatrick September 15, 2010 10:30 PM
Self storage companies are famous for supporting charitable organizations, especially organizations that are focused on helping veterans, troops overseas, or military families. But Wounded Warrior Outdoors may be the only such charity that was actually founded by members of the self storage industry. Wounded Warrior, which offers injured veterans and disabled veterans from the United States and Canada a chance to recuperate while on a hunting trip in British Columbia, has announced that it is starting a new campaign: One for the Troops. [More]

Self Storage: Bicycling’s Best Kept Secret

by John Stevens September 15, 2010 9:04 PM
When the weather is warm enough, many people like to walk or bike to work or school every day, either to reduce carbon emissions from a car and reduce air pollution, or simply because they enjoy the exercise. A few adventurous souls travel by bike on vacation, bicycling across the United States, Europe, or Asia. The challenge is where to put your bike when you are not using it. Not all destinations have convenient bike racks. In a few cities, though, bicyclists are turning to self storage units to hold their bikes temporarily -- while they are at work or school, or while they spend the night in a hotel. Not only are self storage units more readily available than bike racks in some areas, but shoppers or travelers can leave parcels or luggage with the bikes in storage and know that their belongings will remain secure. Best of all, a bike can be contained in a very small storage unit. [More]

Texas Entrepreneur Uses Economic Development Grant to Fund His New Storage Business

by Holly Robinson September 8, 2010 8:46 AM
Gonzales, Texas entrepreneur Henry Schmidt must have seemed like a poster child for a small business loan program or an economic development grant program. Schmidt had many years of business experience under his belt, working as a sales manager for used oil collection company Midstate Environmental Services. Then, like many men and women who have spent enough time working for other people, he decided that he would like to start his own business. He looked around and realized that the Texas self storage industry was ripe for expansion.

What Schmidt didn’t realize at first was that he qualified for a grant program designed to stimulate economic development and encourage the development of small businesses. Many such small economic development grant programs exist at the state and local level in different states, but entrepreneurs are not always aware of programs that they may qualify for. Schmidt wound up receiving a $25,000 economic development grant in addition to his loan, and used it to buy two self storage facilities. The facilities were side by side, so Schmidt put a security fence around both and made them one business -- Apache Storage. Apache opened its doors for business in July. [More]

Texas Self Storage Business Survives Loss of Roof to Microburst

by Winnie Hsiu August 25, 2010 5:40 PM
At this time of the year, we hear a lot about tornadoes in the news. But this Monday, a Sherman, Texas self storage facility was hit by a different, but potentially just as devastating, kind of wind that can also come from a severe thunderstorm -- a microburst, which is a kind of downdraft. A-American Self-Storage lost the top layer of the roof off one of its five rows of self storage units to high winds from a microburst. Fortunately, A-American’s roof is well made. The lower layers of the roof held steady, and tenants later reported that only a few light sprinkles of water, at worst, were able to penetrate the damaged roof during the remainder of the storm. [More]
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