FOR IMMEDIATE RELEASE August 16, 2018
2nd Quarter Results For Absolute Storage Management
MEMPHIS, Tennessee –Absolute Storage Management (ASM), a leading third-party self storage management company for self-storage facilities in the United States, announced operating results for the three months ended June 30, 2018.
2018 Highlights for Three Months Ended June 30, 2018:
· Increased same-store revenue by 5.1% vs. the same period in 2017.
· Reported same-store unit occupancy increase of 1.5% vs. the same period in 2017.
· Acquired management of five (5) facilities at completion of construction.
2018 Highlights for Six Months Ended June 30, 2018:
· Increased same-store revenue by 5.7% vs. the same period in 2017.
· Reported 1.5% increase same store sq ft occupancy vs. the same period in 2017.
· Acquired management of eight (8) operating facilities and five (5) facilities at completion of construction.
ASM’s 2018 same store pool consists of 63 stabilized properties managed since January 1, 2017. 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.
“We are extremely proud of the efforts of our team members and their commitment to success,” stated Jennifer Barnett, Chief Operations Officer. “With occupancy levels at such high percentages, it is no easy task for our team to continue to generate such excellent year-over-year gains.”
ASM actively manages 107 properties in 13 states. Over the three-month quarter ending June 30, 2018, ASM gained management of the following properties in the United States: Eastside Self Storage in Snellville, GA; Starkville Storage in Starkville, MS; Melrose Storage in Nashville, TN; Arlington Climate Controlled Storage in Arlington, TN; and New Shackle Self Storage in Hendersonville, TN.
Absolute Storage Management
Absolute Storage Management (ASM) is one of the largest private, third-party self-storage management company 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.
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Grace Anderson
Director of Marketing at Absolute Storage Management, Inc.
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