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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  • November 22, 2017 5:19 AM | Melissa Roberts (Administrator)

    Include Charitable Giving and Watch Your Business Grow - Click Here for Webinar

    Kure It Cancer Research donation option integrated into SiteLink Software

    by Sue Creaser

    It’s safe to say that cancer has in some way touched the lives of most people. Take that a step further, I’d argue that most people also would cheerfully donate a small amount to cancer research if given the opportunity to easily make that donation. What if there’s a simple way to connect with your customers and the community, improve the reputation of your business (which increases rentals), all while helping a very worthy cause?

    It’s the season of giving, and in this spirit SiteLink is announcing its partnership with Kure It Cancer Research to incorporate a unique charitable giving process right into the SiteLink Web Edition software you use every day.

    Creating a Culture of Giving

    It’s human nature to want to make an impact on an important issue. Studies have shown that more than 80% of consumers seek out socially responsible businesses, and most are willing to make personal sacrifices for the greater good. In addition, about 80% would tell friends and family about a company’s efforts to be socially responsible.

    Another recent study revealed that 69% of millennials really want companies to provide the opportunity to give back, and about 9 in 10 would actually switch brands to be with one associated with a cause.

    Intrigued yet? Plainly stated, if a customer is deciding between your operation and the one across the street that doesn’t have a donation option, odds are they’ll choose yours.

    What is Kure It Cancer Research?

    Kure It Cancer Research was established in 2007 by Barry Hoeven, Chairman and Founder of US Storage Centers, who battled kidney cancer for 18 years. When diagnosed, Barry discovered a significant lack of funding for research in this type of cancer. Kure It Cancer Research began as a fund for kidney research (hence the “K” in Kure It) and quickly grew into an independent non-profit organization with a mission to advance research in kidney and other underfunded cancers. To date, over $6M has been raised allowing Kure It to make an impact on countless lives across the country.

    Although Barry passed away in 2016, his vision and hope for a cure continues in partnerships like this one with SiteLink.

    How Kure It Donations Integrate with SiteLink

    SiteLink has made it easy to incorporate Kure It Cancer Research tenant donations into your self-storage business. First, an operator adds charges for “Kure It Donation” and “Kure It Recurring” to their SiteLink system. Then, map those charges to a Kure It income account so the collected donation income can be automatically separated from your tenant income by your accounting software. SiteLink also created a custom Kure It Payment Report that displays every Kure It donation collected and owed to Kure It over any given time period. The facility owner works directly with Kure It to send the payments. Many companies will also contribute their own set amount or percentage of income in addition to tenant generated donations. This helps connect the business with the customer in a shared cause.

    During move-in (or anytime thereafter), a manager simply asks a tenant if they’d like to “Round Up for Research” or make any donation to Kure It, either as a one-time donation or recurring monthly charge. Tenants may even stipulate that recurring donations be one amount, but make a separate one-time payment at move-in for a different amount. The manager then adds a “Kure It Donation” or “Kure It Recurring” charge to the account, enters the amount, and it’s added to their bill.

    US Storage Centers, with more than 80 self-storage facilities across the United States, has taken this to the next level by matching 100% of every 50 cent donation made. They also invested in custom web development to offer a Round Up For Research option during their online move-in process.

    It’s a Good Time to Get Started

    Studies show that it’s a good idea to embrace charity as part of your company culture; SiteLink and Kure It have made this easy for self-storage operators. With November 15th celebrated as National Philanthropy Day, SiteLink and Kure It have put together a webinar that explains how creating a culture of giving is not only good for the community but also good for business.


  • November 18, 2017 7:00 AM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE                                                                                                                   November 17, 2017

    3rd Quarter Results Reflect Continued Growth

    For Absolute Storage Management

    MEMPHIS, Tennessee –Absolute Storage Management (ASM), a leading private, third-party self storage management company for self-storage facilities in the United States, announced operating results for the three months ended September 30, 2017.

    2017 Highlights for Three Months Ended September 30, 2017:

    • Increased same-store revenue by 4.2% vs. the same period in 2016.
    • Reported same store occupancy of 86.5% as of September 30, 2017. Compared to 84.8% as of September 30, 2016.
    • Acquired management of two facilities at completion of construction.  

    2017 Highlights for Nine Months Ended September 30, 2017:

    • Increased same-store revenue by 5.9% vs. the same period in 2016. 
    • Acquired four operating facilities and nine facilities at completion of construction.

    ASM’s 2017 same store pool consists of 57 stabilized properties managed since January 1, 2016. The outstanding income growth that these properties displayed is a direct result of ASM’s expertise in revenue and occupancy management. This management is monitored by committed team members and is accomplished by increasing existing tenant rates and proper management of local street rates.

    ASM reports no substantial damage to properties from Hurricanes Harvey, Irma or Maria; however, the hurricanes were cause for issues including property inaccessibility, minor property damages, power outages, phone outages, and team member availability shortages.

    As of quarter end, ASM actively manages 96 properties in 13 states. Over the quarter, ASM gained two total properties in the Southeastern United States. These properties include Scenic City Self Storage in Chattanooga, TN and Hernando Self Storage in Hernando, MS.

    Absolute Storage Management

    Absolute Storage Management (ASM) is a leading provider of private, third-party self-storage management in the United States. Founded in 2002, ASM’s headquarters are in Memphis, TN with regional offices in Atlanta, GA; Charlotte, NC; Nashville, TN; and Jackson, MS. The company’s mission is to grow successful partnerships with customers, team members, and investors by delivering excellence in service.

    For further information and news about Absolute Storage Management, please go to the ASM website at www.absolutemgmt.com. Contact Jasmin Jones at jasmin.jones@absolutemgmt.com.

    ###


  • September 05, 2017 3:30 PM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE                                                                                                     9/5/17

    NEW DEVELOPMENT

    Opened in Buford, GA

    Brand new self storage facility now open in Buford, GA. Premier Storage at Hamilton Mill opened July 25, 2017. This new facility is equipped with a long list of state-of-the-art features to better serve its customers. These features include: 24 Hour Access, Auto-Pay Options, Boxes & Supplies, Rollover and After Hours Call Center, Deliveries Accepted, Dollie and Handcarts, Month-to-Month Lease Terms, No Deposit Required, Online Bill Pay Options,  Referral Rewards Program, Secure Keypad Access, Secure Units,  Security Cameras, Temperature Controlled, Tenant Insurance Available,  Well Lit Isles, and Fenced and Gated.

    This facility is the third self storage facility for owners Ken Gary and Kelly Gary and is professionally managed by Absolute Storage Management, Inc.

    For more information on Premier Storage at Hamilton Mill, please call (470) 589-7740 or visit PremierHamiltonMill.com.

    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 90 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 Jasmin Jones at jasmin.jones@absolutemgmt.com or call her at (678) 779-1978.

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  • September 05, 2017 12:30 PM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE                                                                                                 9/5/17

    NEW DEVELOPMENT

    Happening in Hernando, MS

    Memphis TN –Absolute Storage Management (ASM) has opened a new storage facility in Hernando, Mississippi. Phase one is 55,000 square feet of climate control and is located at 2795 McIngvale Road across from Super Wal-Mart.  The firm also has construction projects underway in Atlanta, Louisville and Starkville, MS. 

    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 90 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 Jasmin Jones at jasmin.jones@absolutemgmt.com or call her at (678) 779-1978.

    ###


  • August 25, 2017 2:33 PM | Melissa Roberts (Administrator)
    Feature-Packed August Update Enhances Value


    Raleigh, N.C. August 22, 2017 - SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, adds the Lead to Lease feature to SiteLink myHub and electronic signatures to payment receipts with SiteLink Merchant Services. The August update also expands controls for owners with an IP restrictions feature, extending SiteLink's leadership in customer service and the forward-thinking technology customers rely on to strengthen their business.

    Click here to read full press release...

  • August 09, 2017 7:47 PM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE                                                                                                                             8/8/17

    Signal Mountain Self Storage Expansion

    Chattanooga Storage Facility to Expand 

    Chattanooga, TN–  Construction will continue soon at 3507 W Road. Signal Mountain Self Storage is expanding, offering many great features. Signal Mountain Self Storage offers climate controlled storage to ensure that belongings are kept in a temperate controlled environment to help resist dust, humidity, and other threats to valuables. The facility also offers month to month leasing, no long-term lease is required.

    Signal Mountain Self Storage has great security and lighting, and offers 24-hour access to tenants for a small additional monthly fee. This facility will offer many different sized units to fit the needs of everyone, these different sizes are created to help a variety of customers, whether you are in transition of building a house in nearby neighborhoods, or are a business owner looking for a space to have packages delivered, they can help with your need. This property is efficient and convenient to make storage simple for every situation. Signal Mountain Self Storage looks forward to serving citizens of Chattanooga and surrounding areas.

    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 several years. Signal Mountain Self Storage offers its customers temperature controlled units, online bill pay, 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 or visit their website at signalmountainstorage.com.

     

    Glasgow Self Storage

    Property Manager

    270-629-6404

    Glasgowss.com


  • July 24, 2017 10:26 PM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE

    SiteLink Software Enhances Cloud Solution for the UK Market

    SiteLink meets growing needs of the UK's self-storage industry

    Raleigh, N.C. July 20, 2017  - SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, has enhanced its UK product after adapting the software and dedicating customer service to the United Kingdom (UK)... click here to read full press release. 

  • July 06, 2017 8:00 AM | Melissa Roberts (Administrator)

    FOR IMMEDIATE RELEASE 7/6/17

    Signal Mountain Self Storage Expansion

    Chattanooga Storage Facility to Expand

    Chattanooga, TN– Due to new housing being built in Chattanooga and surrounding areas, Signal Mountain Self Storage is expanding, bringing the area a newly renovated facility with a total of 600 units and will be 19,580 ft.   Signal Mountain Self Storage is seeing a lot of progress in their expansion. The demolition phase has now ended, and phase two will soon be underway.

    The facility, formerly the site of Mountain Creek Grammar School and Mountain Creek Elementary School, will be keeping artifacts such as the brick and concrete cornerstone that lists the name of the school, the year erected, school board members, the builder, and the architect.  The brick that is being recycled has now been set aside and will be used to form interior walls for the front office. The project is currently scheduled to be completed this September.  Property Manager, Leslie Bruce, states “I am doing two scrapbooks, one for the new office and one for the owner, with pictures and dates of the progress from the start.”

    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 several 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 or visit their website at signalmountainstorage.com.

    ###

    Signal Mountain Self Storage

    3507 W Road Chattanooga TN 37405

    423-870-7867

    signalmountainstorage.com

    signalmountain@absolutemgmt.com

  • 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.

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    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


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