Frequently Asked Questions
Is Extra Space Storage a Franchise?
No, Extra Space Storage is not a franchise. It is a large, publicly traded company structured as a Real Estate Investment Trust (REIT). It primarily generates revenue by owning and operating its own storage facilities.
However, a significant part of Extra Space Storage's business model is Management Plus, its third-party management program. This allows other self-storage facility owners to have their property managed by Extra Space Storage, using the brand name, technology, and support.
What is the difference between Extra Space Storage Management Plus and a franchise model?
Management Plus is not a franchise. It's a third-party management program where property owners keep ownership but partner with Extra Space Storage for professional management under its brand.
Does Extra Space Storage have a loan program for self storage facility owners?
Yes, Extra Space Storage offers a Bridge Loan Program for its existing and potential third-party management partners. This loan type helps properties become economically and physically stable, from retiring construction loans to unlocking equity.
