Extra Space Storage is happy to announce the addition of its 600th store to its third-party management platform, ManagementPlus. This marks another milestone for the self storage company, which currently operates more than 1,700 locations in 40 states across the U.S.
This surge in growth for the company, as well as the recent success with ManagementPlus, is attributed to Extra Space Storage’s exceptional team of data scientists, pricing analysts, and digital marketing experts. The robust collection of data gathered by these incredible employees has driven better decision-making, platform scalability, and more efficient cost structures.
“The Extra Space difference comes from a combination of the best employees in the business, a platform that is innovative, and a strategic vision that drives results,” said Noah Springer, Senior Vice President of Asset and Third-Party Management at Extra Space Storage. “Our commitment to our partners is that we will improve their properties’ performance while easing the day-to-day stress of operations, and our results are showing that we are delivering on that promise.”
Through ManagementPlus, third-party owners also have access to the Extra Space Storage name and all that comes with it—such as, a revenue management team that provides competitive pricing, website optimization and paid search efforts aimed to increase website traffic, and brand training proven to increase self storage customer trust and satisfaction.
“The Extra Space people are smart, straightforward, solid individuals,” said Berk Shervin, self storage owner who operates with Extra Space Storage through ManagementPlus. “The operating and management systems are technologically advanced, as compared to other REITS, and the staff is constantly working to elevate their game even further on all fronts. We greatly value our long-standing partnership with Extra Space Storage. We have always found the folks to exhibit honesty, a willingness to talk candidly about challenges and issues, an abundance of knowledge about the storage industry, and a genuine interest in the success of our stores and helping us meet our investment objectives.”
ManagementPlus self storage properties now make up around 35% of Extra Space Storage’s portfolio, and the self storage company experts the platform to continue to grow and add more stores before the year’s end.