The Latest Industry News

NEWPORT BEACH, CA November 28, 2011 – The California Self Storage Association (CSSA), a nonprofit trade association dedicated to the Self-Storage industry in the state of California, recently announced that three new board members have been appointed to the 2012 CSSA Board of Directors.

The CSSA proudly welcomes Dean Keller of Bancap Self Storage Group, Eric Snyder of Talonvest Capital and Karen Ann Kolbe of American Self Storage. You can learn more about each of our new directors by visiting the CSSA's website, http://www.californiaselfstorage.com/.

Erin King, Executive Director, stated, "All are outstanding additions to our Board of Directors. We look forward to their ideas and contributions to CSSA."

About the California Self Storage Association

Founded in 2002, the California Self Storage Association (CSSA) is the state not-for-profit trade organization dedicated to serving the California Self-Storage industry including owner-operators, facility managers and industry vendors. The CSSA represents some 450 direct member companies that own and operate over 1200 facilities in California. CSSA direct members range from individual facility owner-operators to multiple-facility operations, to the industry's largest publicly traded Real Estate Investment Trusts (REITs).

Company Contact:

Brenda Lafontaine/Executive Assistant

Brenda@cssaweb.com

(949) 783-4130

San Diego, CA – October 28, 2011– A-1 Self Storage, the premier provider of self storage in California, announced their support towards the U.S. Marine Corps Reserve Toys for Tots Annual Holiday Toy Drive. There are 39 A-1 Self Storage locations throughout California that are now collecting new and unused toys to be distributed to underprivileged children in their communities this Christmas.

"A-1 Self Storage is proud to make a difference in our local communities by participating in the Toys for Tots drive again this year. We understand that times are tough and families are struggling to make ends meet. Many children may possibly not be getting a Christmas gift” said Brian Caster, President and CEO of Caster Companies. "We feel it is important to bring hope and the joy of Christmas to needy children. Our annual events have always been a huge success and we hope to continue to be able to collect as many toys as possible for deserving children this holiday season.”

The U.S. Marine Corps Reserve Toys for Tots program was founded in 1947 by Major Bill Hendricks. Their mission is to collect new and unwrapped toys during the holiday season and distribute them as Christmas gifts to needy children in the community in which each campaign is conducted.  For more information about the U.S. Marine Corps Toys for Tots Holiday Toy Drive, please visit:  http://www.toysfortots.org/

For more information about A-1 Self Storage, please visit:

http://www.a1storage.com/about_a1_storage

Or to find an A-1 Self Storage location near you, please visit:

http://www.a1storage.com/self_storage/locations

About A-1 Self Storage:

A-1 Self Storage is one of the leading providers of self storage in California with over 40 locations across California. A-1 is the Self Storage division of the Caster Companies, a third generation family-owned company headquartered in Southern California since 1959. The Caster Companies specializes in acquisitions, development and management of A-1 Self Storage, A-1 Car Storage and other commercial properties in California. Its Real Estate Portfolio includes over 4 million square feet in real estate properties. It is one of California’s fastest largest independent self storage owner/operators in California.

CONTACTS:

Fran Laporga-Ching

A-1 Self Storage

(619) 287-8873 x 141

fran@a1storage.com

www.a1storage.com

Newport Beach, CA – September 19, 2011 – We are proud to announce that the California Self Storage Association has been selected by Inside Self-Storage readers as a 2011 Best of Business winner in the category of Best State Association. The CSSA is honored to be recognized among the 28 esteemed winners which include such industry names as Mako Steel Inc., Kiwi II Construction, PhoneSmart, Deans & Homer, SMD Software Inc. (SiteLink), Chamberlain Access Solutions, Janus International, Centershift Inc., USstoragesearch.com, and OpenTech Alliance Inc., among others. All 28 winners will be highlighted in the November and December print editions of ISS magazine and will also be honored in a special ceremony at the Inside Self-Storage World Expo in Las Vegas, March 14-16. We look forward to seeing you there.

 

On behalf of the CSSA we would like to thank everyone who voted for us, as well as our Board of Directors, staff, and association members, without whom we would not be where we are today.

 

For a complete list of the 2011 ISS Best of Business winners, please visit: http://www.insideselfstorage.com/news/2011/09/inside-selfstorage-announces-best-of-business-opinionpoll-winners.aspx

 

To learn more about the California Self Storage Association, please visit: http://www.californiaselfstorage.org

 

About the California Self Storage Association:

Founded in 2002, the California Self Storage Association (CSSA) is the state not-for-profit trade organization dedicated to serving the California self-storage industry including owner-operators, facility managers and industry vendors. The CSSA represents some 380 direct member companies that own and operate over 800 facilities in California. CSSA direct members range from individual facility owner-operators to multiple-facility operations, to the industry's largest publicly traded Real Estate Investment Trusts (REITs).

 

CONTACT:

 

Erin King

Executive Director

California Self Storage Association

(949) 783-4130

Erin.King@cssaweb.com

http://www.californiaselfstorage.org

FOR IMMEDIATE RELEASE

(Temple, GA – August 2, 2011) Janus International is pleased to announce the addition of Rob Finelli as District Sales Manager, Southwest Region. Finelli was most recently employed by U.S. Door as Vice President of Sales, Western Operations, where he was responsible for regional sales of self storage and commercial door products. Prior to U.S. Door, he founded Finelli Metal Structures, a self storage metal building company.

"Rob's vast amount of knowledge in the door and building components industry will be a tremendous asset to the Janus sales team,” states Vice President of Sales Ramey Jackson.

Finelli will operate from his Gilbert, Arizona home office where he will spearhead regional commercial sheet door and rolling steel sales.

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Janus International is a leading manufacturer of rolling steel doors and coiling sheet doors for the industrial, commercial and self storage markets.

Headquartered in Temple, GA, Janus has four U.S. locations as well as joint ventures in the UK and Mexico. For more information, visit our website at http://www.janusintl.com/.

Contact:

Amy Fuhlman

Director of Marketing

J A N U S I N T E R N A T I O N A L

p. 770.562.2850

f. 770.562.1991

m. 404.787.8444

http://www.janusintl.com/

amyf@janusintl.com

NEWS RELEASE – FOR IMMEDIATE RELEASE

Bancap Self Storage Group Selected To Market Lender-Owned In Southern California Moorpark, California Is Listed for $11.5 Million

June 20, 2011: Bancap Self Storage Group, Inc., the "#1 Self Storage Broker in California,” recently announced that it has been selected as the exclusive broker for a lender owned self storage property in Ventura County, California. The firm will handle the marketing and sales activities for the Casino Self Storage property located in Moorpark, California. The property has been listed for sale with an asking price of $11,500,000.

Casino Self Storage is an attractive, well designed and nicely constructed "Class A” self storage project. The project shows very well and enjoys good corner visibility and easy access on State Highway 118 / West Los Angeles Avenue with an average daily traffic count of approximately 32,500 vehicles per day.

The two-story facility offers over 85,000 net square feet of self storage space demised into 822 units, including 91 climate controlled spaces. The buildings are concrete block, stucco and metal construction with metal interior partitions, roofs and doors.

"There have been very few properties of this quality available for sale in Southern California,” said Dean Keller, President of Bancap Self Storage Group. "This is a rare opportunity to purchase a first class facility in a very desirable market, with tremendous upside potential.”

The city of Moorpark is nestled in a flourishing valley near the larger cities of Simi Valley and Thousand Oaks. The area boasts spacious mountain views, a perpetual vacation climate, historical western charm, beautiful residential neighborhoods, outstanding schools, an exceptional college, fruit stands, cultural arts, fantastic shopping and a variety of restaurants. Moorpark is the perfect blend of country and city living. It is a family-oriented community with abundant open space, hiking & equestrian trails, world famous golf courses and incredible sunsets.

The property was recently obtained through foreclosure and the foreclosing lender/owner is represented by LNR Partners, LLC as the special servicing agent for the original loan. LNR Partners has also engaged Platinum Storage Group to provide professional property management services for the property.

Bancap Self Storage Group is the top selling broker of self storage facilities in California with over $900 million in completed sales. The company has specialized exclusively in self storage properties for over 25 years. The firm has recently brokered several lender-owned "REO” properties, as well as several first-class high occupancy properties that were very profitable. The firm has also facilitated numerous self storage portfolio sales in the state.

For more information contact Dean Keller, President of Bancap Self Storage Group at (949) 888-5355 or visit the company web site at www.bancapselfstorage.com

 

Contact:

Dean Keller Ph. (949) 888-5355 

Email: DKeller@BancapSelfStorage.com

Contact:

Dwayne Doherty

212-841-7748

Dwayne.doherty@cushwake.com

 

DEPT. OF CORPORATE COMMUNICATIONS

 

FOR IMMEDIATE RELEASE

 

Renowned Self Storage Expert Ray Wilson Joins Cushman & Wakefield 

-Industry leading authority on self storage performance data combines forces with global firm to provide fully integrated service platform

New York – June 15, 2011 – Cushman & Wakefield today announced that Charles Ray Wilson, MAI, CRE, Founder and Principal of Self Storage Data Services (SSDS) has joined the firm as a strategic partner in the company's Self Storage Industry group. Mr. Wilson is recognized as the industry's leading authority and foremost source for current and historic performance trending information pertaining to the self storage sector.

"We are extremely pleased to announce that Ray Wilson will be joining Chris Sonne's industry leading self storage practice and become part of the Cushman & Wakefield team,” said John Busi, Executive Vice President and head of Valuation and Advisory for Cushman & Wakefield's Americas region. "In a dynamic partnership designed to differentiate Cushman & Wakefield from its competitors, Ray's unique service offerings will allow us to integrate the firm's sophisticated Self Storage Appraisal Report template with the most robust Self Storage database in the industry. The combined product will provide clients with optimal industry intelligence drawing from SSDS's 20 years of historical and current industry, market, and property specific data.”

Mr. Wilson, who's internationally recognized Self Storage Performance Quarterly Report (SSPQ) Tracks thequarterly performanceon 6,000±facilities in the nation's top 50 largest markets, will work closely with Cushman & Wakefield Senior Managing Director Chris Sonne and his team in delivering a fully integrated platform of services. Current subscribers to the SSPQ report, including prominent Wall Street analysts and major institutional investors, also receive theMonthly Rental Activity Report that tracks the rental demand on one-million storage units nationwide.

Recognizing the need for independent third party reporting on the industry, Mr. Wilson founded SSDS in 1992. It is currently the only comprehensive source for real time industry performance benchmarking and research reports. It is recognized world-wide for current performance trending information that includes; supply and demand statistics, rental rates, occupancy levels, concessions, and rental income. Its database includes proprietary information from both privately and publicly owned facilities and contains over 50,000 facilities coast to coast.

Cushman & Wakefield's Valuation & Advisory division, which includes the Self Storage Industry group, is one of the largest fully integrated real estate valuation and consulting organizations in the world. The investment in this new addition advances the company's strategic direction in focused, specialized and dedicated practice groups.

* * *

Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 234 offices in 61 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Corporate Occupier & Investor Services, including integrated real estate strategies for large corporations and property owners; Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

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AMY SOBISKI PROMOTED TO CHIEF OPERATING OFFICER

INDIANAPOLIS IN, May 25, 2011 – Bader Company is pleased to announce that Maureen Lee has been promoted to President effective immediately. Maureen's capability, experience, and dedication as Chief Operating Officer position her well to lead the company in its continued growth. Her analytic, organizational and interpersonal skills are the elements needed to take Bader to the next level.

Additionally, Bader Company announces the promotion of Amy Sobiski to Chief Operating Officer. Amy's experience as Manager in both the Claims and Administration departments, along with her proven leadership skills well qualify her to assume this new position. As an innovator and team builder Amy will be able to easily step into the Chief Operating Officer role.

As an employee owned entity, we are especially proud to be able to promote both Maureen and Amy from within the company. Ray Sakowski will continue as Chief Executive Officer and Chairman of the Board.

"Continuing Bader's tradition of excellence, both Maureen and Amy were logical choices. Both are seasoned veterans with our organization, and are driven to make our offerings the best in the industries we serve.”

About Bader
Bader Company is a national leader in point-of-lease insurance solutions for self-storage, multifamily, and ATM markets. The company partners with clients to manage a portion of their operating risk by transferring that risk through east-to-get, low-cost, mass-marketed insurance coverage.

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CONTACT:

Molly Laut – Marketing Director

mlaut@BADERco.com

888-223-3726 ext 7016

Extra Space Storage will manage the four A-American Self Storage properties in Hawaii recently purchased by W.P. Carey & Co., a N.Y. investment firm.

A-American was founded by Edmund C. Olson 35 years ago. The family-owned business has more than 100 facilities in five states. Olson also owns large tracts of land in Hawaii.

In February, Olson entered into a voluntary conservation easement agreement with the newly formed Hawaiian Islands Land Trust to protect 1,276 acres of land on the slopes of Oahu's Waianae mountains. The agreement also covers 907 acres in the Big Island's Kau district. No development, including homes, commercial, roads or power lines will be permitted. Most of the acreage is currently used by three small ranchers, who will continue to lease the land.

Headquartered in Salt Lake City, Extra Space owns or operates 820 self-storage properties in 34 states and Washington, D.C. The company's properties comprise approximately 550,000 units and more than 59 million square feet of rentable space.

Sources:

• Pacific Business News : A-American Self Storage Getting New Ownership, Manager

PRESS RELEASE

Tustin, CA May 12, 2011

Global Marketing Resources (GMR) joined the CSSA in March 2011 and is a new web marketing resource for CSSA members.

GMR has recently created a division of the business dedicated to serving the Self Storage industry. Warren Willard, a career entrepreneur with considerable sales and marketing experience will lead the division as Vice President.

GMR is offering CSSA Members a free copy of their industry specific Local Search Marketing report, just click on the following link to receive your copy today. Free Search Marketing Report

GMR is dedicated to providing affordably priced Local Search Results to the Self Storage industry. Extensive research has been conducted examining the search marketing needs of the self industry and their approach to Local Search Marketing has been designed to insure "page one results” at prices that will insure the ROI that owner/operators seek.

Contact:

Warren Willard

VP - Self Storage Division

Global Marketing Resources

2512 Chambers Road, Suite 206

Tustin CA 92780

My Direct line: 949-369-9053

GMR Corporate Office: 714-731-9000

Email: Warren@gmrwebteam.com

Web: http://www.gmrwebteam.com/

MAY 4, 2011 - Tennessee Gov. Bill Haslam signed House Bill 1265 into law on April 29, amending the current self-storage lien law to allow operators to deliver delinquency notices by hand, e-mail or other "verified" mail means. The law will go into effect July 1.

"Verified mails" refers to the U.S. Postal Service's certificate of mailing. At a base rate of $1.15, the certificate of mailing is far less costly than Certified Mail, which starts at $5.54.

Another change to Section 66-31-102 of Tennessee Code Annotated includes the lien-sale newspaper-advertisement requirement. The statute now mandates one-time publishing in a newspaper or publication of local readership. In the past, two published notices were required.

Other changes:

• Maximum monthly late fee is $20 or 20 percent of the rent
• Operators can auction or have a tenant's vehicle removed at 60 days of delinquency, instead of the previous 90.

The Tennessee Self Storage Association (TNSSA), with support from the national Self Storage Association, spearheaded to effort to make the legislative change.

"I truly believe the changes will allow self-storage facility owners in Tennessee to more effectively communicate with their customers." said Sherry Cole, self-storage owner and chair of the TNSSA legislative committee. "It's good for business but it's also good for the consumer to bring the law into the 21st century.

"Our members were so responsive when asked them to call and e-mail their legislators. It was really the entire association who pulled together and made it happen, and I'm very proud of them," Cole said.

TNSSA President Dee Wiseman Sharp said, "As an insurance agent in the self-storage industry, I'm very excited to see more legal protection for self-storage owners." She added the association will host a May 17 meeting in Knoxville, where lobbyists will be on-hand to explain the changes in the statute. She strongly encourages Tennessee facility owners to attend.

To follow the progress of the law through the legislature and to read the original bill and its amendments, visit http://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=SB1293.

 

Reposted from: http://www.insideselfstorage.com/news/2011/05/tennessee-gov-signs-selfstorage-lien-law-oks-email-hand-delivered-delinquency-notices.aspx