TENNESSEE SELF STORAGE ASSOCIATION


Industry News Blog

Self Storage Industry News for Tennessee! Read here about things that impact your business!
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  • June 16, 2017 7:37 PM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE 6/14/17

    Signal Mountain Self Storage Expansion

    Chattanooga Storage Facility To Expand 

    Chattanooga, TN– Due to downtown Chattanooga and surrounding areas seeing so much new housing, new self storage expansion is taking place in the city block of W Road and Mountain Creek Road. Located at the base of Signal Mountain, Signal Mountain Self Storage has brought in local contractor TG Edwards Construction Company to assist with the construction, which is scheduled to be completed in September. Mountain Creek Grammar School, which was one of the original foundations on the property, will be demolished for the expansion.

    Erected in 1910, the history of Mountain Creek Grammar School will live on in the newly expanded storage facility. Having been converted for storage in the late 80s or early 90s, bricks from the original school building will be used to form three of the interior walls of the front office while the school’s original concrete corner will be added to the office. The corner stone reveals pieces of history surrounding the former elementary school, including the builder, architect, and original school board members. In addition to recycling the bricks, the metal and copper will be recycled as well. The renovated facility will see a total of 600 units and will be 19,580 square feet. “We look forward to continuing to service our loyal customers and friends in the Signal Mountain community,” commented Signal Mountain staff.

    For questions regarding the expansion of Signal Mountain Self Storage or Mountain Creek Grammar school, please contact property manager, Leslie Bruce, at (423) 870-7867.  

    Signal Mountain Self Storage

    Signal Mountain is located at 3507 W Road and has been serving the Chattanooga, Red Bank, East Brainerd, and Signal Mountain areas for years. Signal Mountain Self Storage offers its customers temperature controlled units, online bill pay, RV and boat parking, drive up access, and a referral program. Signal Mountain Self Storage is professionally managed by Absolute Storage Management. To learn more about Signal Mountain Self Storage, please contact the property manager, Leslie Bruce, at (423) 870-7867.

    ###

    Signal Mountain Self Storage

    3507 W Road Chattanooga TN 37405

    423-870-7867

    signalmountainstorage.com

    signalmountain@absolutemgmt.com

     


  • June 01, 2017 8:30 AM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE

    SKYVIEW ADVISORS ANNOUNCES SALE OF 117,655 SF SELF STORAGE FACILITY IN TAMPA, FL

    Florida self-storage facility sells for competitive price

    Tampa, FL (5/30/17) - SkyView Advisors (SVA), the Tampa, FL based self storage real estate firm, is pleased to announce the sale of Stor-N-More Self Storage to NSA Property Holdings, LLC. Ryan Clark, Director of Investment Sales at SkyView Advisors represented the seller, Crosstown Stor-N-More, LLC.

    Ryan Clark, the deal lead for this transaction stated, “This property is a high quality class A facility in a prime location. The property attracted several national and regional buyers. After the seller interviewed multiple firms, he worked with our team to define his goals. We developed a strategy to achieve those goals, and executed a successful transaction for both the buyer and seller.”

    Stor-N-More Self Storage is a class A facility located just minutes from downtown Tampa. The facility is situated on 7.02 acres of land and had 117,655 net rentable square feet. Built in 2008 this facility consists of 1,105 units. Of those 1,105, 880 are climate controlled units, 155 are non-climate controlled units and 70 units are for parking and miscellaneous use. The units range in size from 25 to 400 square feet. The population within a three-mile radius of the facility is 70,128 and the population within five miles of the facility is 164,162.

    For more information on this transaction or on SkyView Advisors, please contact Morghan Cope (mcope@skyviewadvisors.com) to schedule an interview with the deal lead, Ryan Clark or SkyView President, Jay Crotty.

    ABOUT SKYVIEW ADVISORS

    SkyView represents self storage owners in the sale of their property or portfolio and provides debt & equity solutions.  SkyView brings a unique perspective to the self storage industry, and has established itself as an innovative leader in the industry, consistently raising the bar.  The SkyView team has extensive self storage expertise and deep industry relationships coupled with an impressive track record, having completed more than $1.4 Billion of transactions throughout their careers. SkyView is unique in the industry with its exclusive focus on self storage, team based approach to servicing clients with no internal competition, exclusive focus on sell-side representation, and standardized 252-point proprietary process. For more information about SkyView Advisors, please visit www.skyviewadvisors.com.

    ###

    Contact Information:

    Name: Morghan Cope

    Phone: 813.333.1735

    E-mail: mcope@skyviewadvisors.com

    400 N. Ashley Dr. Suite 1015 Tampa, FL 33602 · Office: 813.579.6363 · Fax: 813.579.2082 · skyviewadvisors.com


  • May 26, 2017 1:42 AM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE

    SiteLink Launches StorageForum

    Get more out of SiteLink and enrich your business through conversation

    Raleigh, NC. May 22, 2017 — SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, is excited to announce the launch of StorageForum, a discussion-based website designed for the SiteLink community and open to the self-storage industry as a whole.

    Read the full press release here...


  • April 06, 2017 2:24 PM | Melissa Roberts (Administrator)


    FOR IMMEDIATE RELEASE

    SiteLink myHub Adds Day-to-Day Tablet Functions

    Go mobile, run your business on tablets, smartphones, PCs and Macs

    Raleigh, NC. March 13, 2017 — SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, has released a new version of SiteLink myHub, the browser-based companion to SiteLink Web Edition self-storage management software.

    The browser-based SiteLink myHub works in conjunction with SiteLink Web Edition and runs on tablets, smartphones, PCs and Macs. SiteLink myHub and Web Edition share the same back-end server database in real-time. The cloud-based architecture offers access on any number of devices, from any location.

    SiteLink myHub adoption is quick and easy because the intuitive, user-friendly interface mimics that of SiteLink Web Edition. Operators run Web Edition and myHub simultaneously because they share the same database, credentials and access levels.

    Convenience is key with SiteLink myHub

    Browser-based capabilities give managers and owners more flexibility to operate on more systems including mobile devices and Macs:

         Move tenants in/out; take payments; transfer units; execute, manage and audit electronic leases (SiteLink eSign) anytime, anywhere.

         Use the graphical reporting Dashboard to view chart data at a glance (for multiple or single locations), or drill down to detailed reports when needed.

         Managers verify and update unit status in real-time with the Walk Thru audit report.

         Multi-store operators enjoy one-click access to all locations.

    SiteLink eSign eliminates printing and storing paper records and boosts rentals in-person, online and by phone. Owners and customers alike enjoy the option of replacing print with email. With eFile Management enjoy one-click access and audit tools for all stores at a glance.

    The Corporate Control Center version of SiteLink myHub offers the same report formatting, including PDF and Excel exporting, for any specified date range. Multi-store operators access consolidated or individual store reports in real-time.

    SiteLink Web Edition customers can take advantage of this added convenience by logging into myHub.siteLink.com with their existing SiteLink credentials. For those who want to demo SiteLink myHub or download full-version demo software for SiteLink Web Edition, please either visit our demo request form, call sales at 919-865-0789 x1 or email sales@sitelink.com.

    Learn more about SiteLink myHub and SiteLink self-storage management software at sitelink.com.

    -End-

    About SiteLink

    Founded in Raleigh, North Carolina in 1996, SiteLink leads the industry in cloud-based and Windows self-storage management software and built-in, in-house payment processing. Client base feedback, the industry’s largest, and continued innovation result in the fastest, fewest clicks and most modern interface. Profit tools, integrations, quality service and regular updates make SiteLink the favorite of single and multi-store operators, including most top 100 operators. Stores with fewer than 250 units enjoy special bundle pricing. As the leader in website integration and payment processing, SiteLink offers online marketing, reservations, rentals and payment solutions. Built-in electronic signature and document management, TOTAL CRM, revenue management, TeleTracker phone integration and text messaging boost profits. More than fifty SiteLink Marketplace partners like web designers, call centers, kiosks, insurance, access systems and listing services deliver tighter integrations with SiteLink vs. other software. PCI Level 1 & SOC 1 Type II Certifications and industry-first OneSupport deliver software and payment processing support under one roof.

    ###

    Media Contact

    Chuck Vion, Marketing Director

    3301 Atlantic Avenue, Raleigh, NC 27604

    Office: (919) 865-0798

    chuck.vion@sitelink.com


  • February 28, 2017 3:08 PM | Melissa Roberts (Administrator)

    ISS has extended a discounted rate for our TNSSA members to attend the spring expo in Vegas in April. Click here for details!


  • February 02, 2017 4:20 PM | Melissa Roberts (Administrator)

    On Thursday, February 23rd, Janus Int'l will be bringing their Road Tour series to Charlotte, NC at the Marriott City Center from 8am - 5:30pm. Click here for event details!


  • January 12, 2017 11:34 AM | Melissa Roberts (Administrator)




    FOR IMMEDIATE RELEASE  (1/11/17)

    Balch Road Self Storage & Madison Boulevard Mini Storage

    Absolute Storage Management Takes Over Two Madison Properties

    Madison, AL (January 11, 2017) – Absolute Storage Management (ASM) continues to solidify its market share in Alabama by adding Madison Boulevard Mini Storage and Balch Road Self Storage, both located in Madison. The properties were purchased by an affiliate of locally based The Natchez Group and Absolute Storage Management 

    for an undisclosed price. The acquisition was financed by Memphis based Simmons Bank in Franklin, with Trey Kirby of NAI Nashville serving as the broker.

    “Madison is a thriving market and these assets are both located on well-traveled roads through town,” said Absolute Storage Management President, Michael Haugh. This portfolio consists of 83,000 rentable square feet with an expansion component. Both assets will receive upgrades to the office and security systems. A significant focus of the two properties is to provide Madison, Alabama with premium storage facilities while still maintaining a sense of familiarity and trust. Absolute Storage Management hopes that Madison Boulevard Mini Storage and Balch Road Self Storage’s extended office hours, select discounts, and added features will help customers see what sets Balch Road Storage and Madison Blvd Mini Storage apart fro

    m the competition. If you would like more information about Madison Blvd Mini Storage, please call (256) 368-5315. For information regarding Balch Road Storage, please call (256) 837-6673.

    Absolute Storage Management currently manages 88 stores for third party owners, with 16 of those stores being owned and operated in joint ventures. Absolute Storage Management continues to be the largest private provider of third party management, with contracts set up for more projected acquisitions in Mississippi, Alabama, Tennessee, Kentucky, Georgia, Florida, and Illinois.

    Absolute Storage Management

    Absolute Storage Management (ASM) is the largest private, third-party self-storage management company in the United States. Founded in 2002, ASM holds its headquarters in Memphis, TN with regional offices in Atlanta, GA; Charlotte, NC; Nashville, TN; 

    and Jackson, MS. The company operates 88 properties in Alabama, Arkansas, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, South Carolina, and Tennessee.

    For further information and news about Absolute Storage Management, please go to the ASM website at www.absolutemgmt.com or contact Michael Haugh at michael.haugh@absolutemgmt.com or call him at 901-737-7336. 

    1138 N. Germantown Pkwy Suite 101 #371 

    Cordova, TN 38017

    901-737-7336

    ABSOLUTEMGMT.COM 




  • December 20, 2016 3:32 PM | Melissa Roberts (Administrator)

    William Knight Insurance Agency

    Dee Wiseman

    1717 Winston Road

    Knoxville, TN 37919

    865-670-2990

    deew@wkia.com

    PRESS RELEASE

    For Immediate Release – December 20, 2016

    William Knight Insurance Agency is excited to announce StorInsure, a new exclusive insurance program for self-storage owners and management companies created in partnership with Citadel Program Managers.

    With over 25 years of experience in insurance, Dee Wiseman – Director of WKIA’s Self-Storage Program -  began focusing on the specific needs of self-storage owners in 2007. After nearly 10 years of providing specialized commercial insurance to the self-storage industry, William Knight Insurance Agency and Citadel Program Managers were poised to create a superior insurance program.

     

    WKIA’s StorInsure is structured to meet the needs of single facility owner/operators as well as owners and management companies with multiple locations operating in multiple states. Available in 48 states, WKIA’s StorInsure, through Citadel Program Managers, also offers coverage to facilities with incidental commercial rental units occupied by operations such as retail, restaurants, salons, liquor stores, etc.

    Coverages Include:

    Blanket Building Limits - Property Coverage

    Commercial General Liability Coverage

    • ·         Limit Options Include Up To:           $2,000,000 Occurrence / $4,000,000 Aggregate

    Sales and Disposal Liability              

    • ·         Limit Options Include:                       $10,000 - $1,000,000

    Customers Goods Legal Liability

    • ·         Limit Options Include:                       $25,000 - $1,000,000

    Limited Pollutant Removal

    • ·         Limit Options Up To:                        $200,000 Occurrence/$400,000 Aggregate

    Hired and Non-Owned Auto

    • ·         Limit Options Up To:                        $1,000,000

    Employees Personal Liability Coverage

    • ·         Limit Options Up To:                        $1,000,000

    Employee Benefits Liability

    • ·         Limit Options Up To:                        $300,000 - $2,000,000

    Employment Practices Liability

    • Employee’s Property: Limits Up to: $100,000

    • Fine Arts Coverage: Limits Up to: $250,000

    • Valuable Papers and Records: Limits Up to: $250,000

    • Accounts Receivable: Limits Up to: $250,000

    • Computer Coverage: Limits Up to: $250,000

    • Pollutant Clean-Up and Removal: Limits up to: $100,000

    • Systems Protection: Limits Up to: $20,000,000

    • Identity Recovery Coverage

    • Extended Business Income Coverage: – Policy will include (15) months of Business Income – Actual Loss Sustained. Extended Business Income is available.  Length of Time Extension: 3 months (for total of 18 months), 9 months (for total of 24 months)  

    • Data Compromise Coverage

    WKIA has worked with management companies and multi-location owners like Michael Haugh of Absolute Storage Management, Ed Freeman of StorPlace Self Storage and Brooks Lumpkin of Wetumpka AL Lumpkin Storage to name a few. This experience has provided the knowledge to structure StorInsure for simplified management and accounting under one policy. With the ability to insure all locations and list the management company, as well as each property owner, as Named Insureds on one policy, StorInsure can provide coverage with considerable premium savings.

    Benefits of StorInsure for Management Companies and Multi-location Owners

    • Each property-owning entity is named as Additional Named Insured

    o   Allowing full rights to the policy benefits

    • Aggregate limits apply separately to each location
    • Premium Savings
    • Blanket Coverage per location

    o   All buildings covered under one limit

    o   One deductible per location (not one per building)

    • Excess Liability Umbrella limits up to $25 Million
    • Simplified renewal and billing process with only one renewal date

    o   Premium summary per location for insured’s accounting

    o   Multiple payment options

       

  • December 20, 2016 1:46 PM | Melissa Roberts (Administrator)

    This was posted to Facebook on December 16th in Smyrna, TN. 

    Managers should be warned to be on the lookout. Watch your tenants during their move-in process! Diligence on the part of the facility staff can often help deter activity such as this. 


  • September 29, 2016 12:34 PM | Melissa Roberts (Administrator)

    Ponderosa Insurance Introduces Its Self-Storage Property and Liability Program


    PHOENIX (Sept. 19, 2016) — Ponderosa Insurance Agency has made self-storage property and liability insurance simpler and more cost efficient by offering policies directly to U.S. self-storage operators at a substantial savings over the current insurance offerings in the marketplace and providing more coverage such as flood and California/Pacific Northwest earthquake.


    Ponderosa, a subsidiary of Repwest Insurance Company, has been a self-storage industry trailblazer for 43 years. Together with its signature tenant insurance product, Safestor, the new Ponderosa Self-Storage Property and Liability Insurance Program (the Program) provides ironclad protection to self-storage operators. Along with its broader coverage, the Program is priced 40- to 60-percent less than the cost of less-inclusive commercial policies in the self-storage market.


    Two of the largest insurance companies in the world provide the property and liability insurance in the Program, rated as high as A++ by A.M. Best. No insurance company in the market has a higher rating. The Program’s best rates are reserved for those self-storage operators who are members of the U-Haul Neighborhood Dealer Network and U-Haul Self Storage Affiliation.


    “The U-Haul Affiliation lowers a self-storage operator’s risk and exposure, and thus lowers insurance premiums,” Repwest President Doug Bell said. “Having two of the largest insurance companies in the world partner with Ponderosa and U-Haul is positive proof that the U-Haul Self Storage Affiliation works.”


    Program Director Blake Johnson added: “Almost any self-storage operator can join the Program, and once they see the cost savings and the benefits of offering Safestor, most are eager to join.”


    “I signed on again with Ponderosa to insure my storage facility and was elated at the rate and coverage provided,” said Ron Stevens, owner of Affordable Storage Solutions in Ludowici, Ga. “It is anywhere from 40- to 60-percent less than any carrier I have had in the past.”


    Ponderosa has specialized in meeting tenant insurance needs since 1973 throughSafestor Tenant Insurance, which offers the industry’s most affordable rates, broadest coverage and largest claims team in the industry for swift processing. Safestor has produced satisfied customers for years – an indicator of the exceptional service that Ponderosa Self-Storage Property and Liability Insurance Program customers are now receiving.


    Megan Thompson, a controller for Denver-based Wyco Self Storage Management and a Safestor customer, noted: “We appreciate the quality service and professionalism Ponderosa has provided us over the last several years. The security and welfare of our tenants and their belongings is of the utmost importance to our company. Safestor offers comprehensive coverage with affordable monthly premiums that most of our tenants find attractive.”


    For more information on the Ponderosa Self-Storage Property and Liability Insurance Program or to request a quote, email Property@PonderosaInsurance.com or call (866) 751-4295.


    Contact:

    Blake Johnson

    Doug Bell

    E-mail: Property@PonderosaInsurance.com 

    Phone: 877-262-5460

    Website: www.ponderosainsurance.com



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Tennessee Self Storage Association, Inc. 

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Nashville, TN 37203

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