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California Self Storage Association

The Latest Industry News

With the daunting amount of news and information coming at you constantly it is impossible for any one person to keep up. Our team curates and alerts you to the "must have” information to ensure you are in the know. Having relevant, current information helps you to make the best decisions possible.

  • Monday, December 02, 2013 1:30 PM | Anonymous

    GLENDALE, Calif.--(BUSINESS WIRE)--Dec. 2, 2013--Public Storage(NYSE:PSA) announced that it has entered into a$700 millionone-year term loan withWells Fargo Bank.

    John Reyes, the Company’s Senior Vice President and Chief Financial Officer, stated, "Given the state of the preferred equity market, we have decided to take advantage of the attractive rate on a short-term bank loan. We intend to use the borrowings to fund acquisition and development activities and for general corporate purposes.Wells Fargo, our bank for over 30 years, once again has supported us with this financing.”

    Company Information

    Public Storage, a member of theS&P500 and FT Global 500, is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Company’s headquarters are located inGlendale, California. AtSeptember 30, 2013, the Company had interests in 2,110 self-storage facilities located in 38 states with approximately 135 million net rentable square feet in the UnitedStates and 188 storage facilities located in seven Western European nations with approximately tenmillion net rentable square feet operated under the "Shurgard” brand. The Company also owns a 43% common equity interest inPS Business Parks, Inc.(NYSE:PSB) which owned and operated approximately 28.6 million rentable square feet of commercial space, primarily flex, multi-tenant office and industrial space, atSeptember 30, 2013.

    Additional information aboutPublic Storageis available on the Internet. The Company’s web site is www.publicstorage.com.

    Source:Public Storage

    Public Storage
    Clemente Teng
    (818) 244-8080, Ext. 1141


  • Wednesday, November 27, 2013 1:31 PM | Anonymous

    We’ve heard it since we were little kids -- "Just remember, as much as you like getting presents, it is always better to give than to receive.” It was a hard message to swallow, but there was truth in the words. Now, the CSSA would like to prove how true it really is at this time of the year by offering two new programs and a number of benefits to CSSA members. It is the CSSA’s way of saying "Merry Christmas and Thank You for Your Support.”

    The two new programs include: (1) a new portion of the CSSA store that allows its members to purchase forms and other paper products with printing options through Optimal Outsource (coming available early December) and (2) special discounted pricing on moving supplies from New Haven Moving Equipment.

    As for the benefits, the CSSA has come up with a new Employee ManualSelf Storage Operator Forms Packet, and Office Depot Discount program. And the best part of all? Purchases from Optimal Outsource and/or New Haven Moving Equipment will result in a portion of the finances going to Kure It Cancer Research.

    "We feel like this is the best time of the year to let CSSA members know about these programs and benefits since the holiday season is all about giving back,” said Erin King, Executive Director of the CSSA. "We love helping our members and we love helping Kure It.”

    The CSSA has entered into a working partnership with Optimal Outsource, a Lake Forest, California, business devoted to creating products and tools that address the mailing and communication needs of the self storage industry. CSSA and Optimal have partnered to provide an on-line print solution for critical operational documents. Members will now have the convenience of purchasing CSSA California-approved operational documents from the CSSA website.

    Need moving supplies at your storage facility? New Haven Moving Equipment is pleased to offer special discounted pricing to CSSA Members ONLY. Get ready for the New Year and stock your store with boxes, tape, locks, and other moving supplies your customers demand. Orders must be a minimum of $500 and will be delivered atno extra shipping costfor orders within 75 miles of the New Haven warehouses.

    "The CSSA continues to demonstrate their commitment to Kure It’s mission with these programs and benefits,” added Karen Jones, Director of Kure It Cancer Research. "To have both Optimal Outsource and New Haven Moving Equipment willing to donate proceeds from their sales says so much about their dedication to a great cause. We are proud to partner with the CSSA and its members in the fight against underrepresented cancers.”

    So get in the Christmas spirit along with the CSSA! For more information, contact the CSSA at info@cssaweb.com.

    ###


  • Thursday, November 07, 2013 1:31 PM | Anonymous

    The battle lines are drawn and the competitors are about to Rock the House …the Gingerbread House! There will be no bows and arrows, just gingerbread and icing. But when the California Self Storage Association (CSSA) staff dives into this holiday competition, the atmosphere will be just as tense and competitive as The Hunger Games since only one chef can come out on top. Expect bursts of creativity, double dealings and plots against their fellow chefs. And the public will decide the champ.

    The Great Gingerbread House Showdown is on!

    Erin King (Executive Director), Brenda Lafontaine (Online Business Development & Marketing Manager) and Amaris Burkel (Manager of Operations & Member Relations) have already started up with the bantering. The action can be followed on Facebook posts as well as e-mail blasts. Readers can vote for their favorite of the trio of cooks on Facebook then judge the final results on Monday, December 16.

    "Honestly, I have no idea why the other two ladies are even in this competition with me,” said King, aka The Knife. "I’ll be bringing the same will to succeed that I have in my everyday dealings with the CSSA. I just sort of pity the competition.”

    "This won’t even be close,” added Lafontaine, also known as The Artiste. "My creative instincts will be right on the money. Plus, I’ve read the story of Hansel and Gretel over and over, complete with pictures. I’m not even sure Erin knows how to turn on an oven.”

    "Talk is cheap,” said Burkel, known as The Glue for her efforts to keep the CSSA office rolling along. "I’m an organizer and I have studied up on this whole Gingerbread House phenomenon. I’ll be ready!”

    The game is afoot, the holidays are moving into high gear and so is the CSSA staff. If all goes well, expect bigger gingerbread house competitions in years to come. But for now, the gingerbread is heating up and the icing lines have been drawn.

    Stay tuned!


  • Thursday, October 31, 2013 2:31 PM | Anonymous

    FOR IMMEDIATE RELEASE

    (Temple, GA – October 31, 2013)  Janus International Corporation has announced its full acquisition of Gliderol Self Storage Solutions of Peterlee, United Kingdom.

    Gliderol Self Storage Solutions was founded in 2005 as a joint venture between Janus International Corp. and Gliderol UK Ltd.  As the Janus customer base continues to grow internationally, providing a stronger brand in the European Union is a natural progression for the continued service to the European storage market.

    "Self-storage operators throughout five continents identify with the Janus name,” states President David Curtis. "Reaffirming our commitment to the European marketplace through this acquisition will support the enduring growth of their market by utilizing decades of experience to serve self-storage investors.”

    Now operating under the name Janus International Ltd, the company will continue manufacturing from its location in Peterlee, UK.

    ###

    Janus International is a leading manufacturer of rolling doors and building components for the self storage, commercial and industrial markets.  Headquartered in Temple, Georgia, Janus has seven global locations including a joint venture in Mexico.  For more details, visit our website at www.janusintl.com. Janus International Ltd. may now be found at www.janusintl.co.uk.

     

    Contact:

    Amy Fuhlman l Director of Marketing

    135 Janus International Blvd. | Temple, GA 30179

     770.562.2850 x370 

    Cell 404.787.8444

    amyf@janusintl.com


  • Monday, September 30, 2013 2:32 PM | Anonymous

    Elk Grove-Based Waterman Self Storage Now under the Management of StoragePro

    Elk Grove, CA. (PRWEB)

    StoragePro took over the management and daily operations of Waterman Self Storage of Elk Grove, CA. The storage experts are aggressively venturing out and boast more than 22 locations in California alone. The company is already California's leading third-party self storage property management firm. This latest facility is a fulfillment of their aim to provide the best personal and business storage services to new and existing clients.

    The company is known to provide safe, secure and spacious storage services in California. The Elk Grove community has given them a strong reception as many customers from the area won't need to travel far to find a storage facility that they can depend on.

    Waterman Self Storage boasts of all the additional features that people have come to expect from StoragePro. The facility offers the lowest prices on boxes in the area and also provides a complete line of packing and moving supplies. The store is centrally located, South-East of Sacramento just off the 99 freeway, giving easy access to all residents of Elk Grove. The storage units at Waterman Self Storage range in size from 5x5 – at 25 square feet all the way up to 12x25 – at 300 square feet.

    Mark Beck, Vice President of Operations, added ,"Quality comes first at StoragePro. We strive to ensure that all of our facilities, including Waterman Self Storage in Elk Grove, are clean, dry and completely secure. In addition, we are open weekends and provide vehicle access for all medium and large storage units.”

    The company has plans of expanding its operations further. Their new stores have met with success all over California and StoragePro also offers a 100% customer satisfaction guarantee.

    About StoragePro:

    StoragePro Management Co. is a boutique third-party property management and consulting firm specializing in self storage properties. StoragePro and their consulting subsidiary Mirabito, Mooney & Associates has provided self storage property management and consulting services since 1975. Services include market research, feasibility and viability reports, site selection analysis, management systems and expert witness testimony. StoragePro clients include independent owners, international real estate firms and publicly traded real-estate investment trusts.


  • Friday, September 06, 2013 2:32 PM | Anonymous

    San Diego, CA – September 6, 2013 – Caster Properties, Inc. DBA A-1 Self Storage, the premier provider of self storage in California, announced today that A1PB, LP purchased 7 parcels of land on Garnet Avenue in the Pacific Beach neighborhood in San Diego, CA totaling 88,000 sq. ft. for $4,000,000.00 from the Browar Family Trust. The property is situated on prime infill parcels on the main arterial to Pacific Beach.

    A1PB, LP is a partnership between Caster Properties, Inc. and The Focus Group.

    Tommy Gibbs of Flocke & Avoyer Commercial Real Estate states: "This corridor has had a handful of recent noteworthy sales; it is one of the busiest intersections in San Diego and has strong surrounding demographics. We were pleased to assist the partnership of Caster Properties, Inc. and The Focus Group in their purchase of this property.”

    Todd Dwyer, of The Focus Group states: "We feel this opportunity has significant upside and we look forward to being a part of a portion of the redevelopment of this corridor”.

    Tommy Gibbs and Steve Avoyer of Flocke & Avoyer Commercial Real Estate represented the Buyer, A1PB, LP. The sellerwas represented by Mark Bitterlin of Trust Real Estate Services.

    "Caster Properties, Inc. looks forward to opening our newest A-1 Self Storage location in Pacific Beach, making it our eighteenth store in the San Diego market.” said Brian Caster, President and CEO of A-1 Self Storage. "Given its prime location on Garnet Avenue and Mission Bay Drive, plus easy accessibility to the I-5 freeway – this property possesses great potential.”

    To find a San Diego County A-1 Self Storage, please visit: http://www.a1storage.com/self_storage/San_Diego_Region/a-1_self_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 and car storage in California with 17 locations in the San Diego County area and over 42 locations statewide. 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 largest independent self storage and car storage owner/operators.

    CONTACTS:

    Fran Laporga-Ching | A-1 Self Storage | (800) 219-4854 x 141| press@a1storage.com | www.a1storage.com


  • Tuesday, September 03, 2013 2:32 PM | Anonymous

    CSSA MEMBERS - Janus International has announced the newest addition to their line of products to assist self-storage owners in achieving ADA compliance: StorageDisabilityProducts.com (SDP).

    SDP is a website uniquely created to offer indoor and outdoor unit ADA compliance kits. Included in each kit is an Accessibility sign (in Braille) and the pulls and ropes for doors at ADA mandated lengths. The outdoor kits also include ramps that fit into the opening of your unit.

    The site also includes ADA stipulations to better help owners and managers learn the new ADA requirements. Please visit www.storagedisabilityproducts.com to learn more. For information on Janus door compliance, click here.

     

    StorageDisabilityProducts.com
    A Janus International Company
    134 Janus International Blvd.
    Temple, GA 30179
    770.562.2850
    sdp@janusintl.com
    www.storagedisabilityproducts.com


  • Wednesday, August 21, 2013 2:33 PM | Anonymous

    Contact: Erin King, Executive Director
    Phone: (949)783-4130
    E-mail: Erin.King@cssaweb.com

    CSSA Moves Forward with Legislative Initiatives

    Wednesday, August 21st - When Willie Mays first arrived in the major leagues he proceeded to get only one hit in his first 25 at bats. However, he rebounded to win the National League’s Rookie of the Year Award and went on to have a pretty fair career, as the statue of him outside AT&T Park in San Francisco and his place in the Baseball Hall of Fame attest. The moral of the story? Keep battling back and good things can happen.

    The California Self Storage Association (CSSA) is reacting exactly the same way to it’s recent setback in the California Senate Judiciary Committee to a bill intended to help self storage operators dealing with lien laws. Bill AB 983 had moved quickly through three prior committee votes and seemed destined to keep moving until it was stopped cold by the Senate Judiciary Committee.

    The CSSA has pinpointed the area that likely caused the bill’s downfall and is now proceeding with a new version it hopes will make it all the way through the California legislature.

    "I think the plan is to go forward with the bill in its present form, dropping the change to the burden for bringing a lawsuit when the Declaration in Opposition to Lien Sale is returned,” said Carlos Kaslow, General Council for the national Self Storage Association (SSA). "The CSSA will work with the Senate Judiciary Committee staff to determine if the current law can be changed to authorize the sending of lien notices by e-mail.”

    "For now, we hope to make minor technical changes to that process that will further help foster a fair process for the business owner and the customer,” added CSSA executive director Erin King. "We plan to move forward with the other portions of the bill as they were last seen by the Senate Judiciary committee although we plan to re-evaluate our efforts to include e-mail as an acceptable form of communication with the tenants (Lien notices, etc). We may or may not try to get this done this session…again, we are looking at adding it back in if we can come up with a process that is accepted by the committee.”

    The efforts of the national SSA to help the CSSA get this legislation passed have been strong and ongoing. The SSA has been providing financial support to the effort and SSA Sr. VP of Communications and Government Relations Tim Dietz has been extremely helpful in strategizing with CSSA lobbyist Randy Pollack and suggesting positive ways in which the CSSA can move forward.

    But the legislative effort also needs the support of CSSA members. The CSSA is still accepting legislative donations and those donations are extremely important.

    "This is a cause where everybody is pitching in,” concluded King. "The SSA and Tim Dietz have been amazing. We need our members to rally behind this effort as, in the end, it is really all about helping them.”

    ###

    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 1,200 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).


  • Wednesday, August 14, 2013 2:33 PM | Anonymous

    (August 9, 2013 – Temple, GA) – Janus International Corporation has announced the acquisition of the web-based ADA compliance kit entity StorageDisabilityProducts.com.  Janus President David Curtis sites the natural pairing of ADA kits and Janus’ door and hallways solutions as the force behind this acquisition.  "Acquiring StorageDisabilityProducts.com allows us to illustrate our commitment to the self-storage industry becoming ADA compliant in an easy, accessible manner,” says Curtis.

    StorageDisabilityProducts.com offers both indoor and outdoor ADA kits, containing signage, pulls and ramps for designated ADA storage units. 

    StorageDisabilityProducts.com will operate out of Janus’ headquarters in Temple, Georgia. 

    ###

    Janus International is a leading manufacturer of steel roll up doors and hallway systems for the self-storage industry.  For more information, visit our websites at www.janusintl.com or www.storagedisabilityproducts.com

     

    Contact:

    Amy Fuhlman l Director of Marketing

    - 134 Janus International Blvd. | Temple, GA 30179

    ( 770.562.2850 x370 2 Fax 770.562.1991

    )Cell 404.787.8444

    *amyf@janusintl.com


  • Tuesday, July 30, 2013 2:34 PM | Anonymous

    Contact: Dean Keller Phone: 949.888.5355

    Fax: 949.203.6105
    Email: DKeller@BancapSelfStorage.com

    Bancap Self Storage Group, Inc. 30021 Tomas Street, Suite 245
    Rancho Santa Margarita, CA 92688
    www.bancapselfstorage.com

    NEWS RELEASE – FOR IMMEDIATE RELEASE

    Previously Foreclosed Property Sold for $2.6 Million

    July 29, 2013:      Bancap Self Storage Group, Inc., the "#1 Self Storage Broker in California,” announced that it has successfully brokered the sale of the AAA Stor-Stuff Self Storage property located in the city of Lancaster in Los Angeles County, California.  Dean Keller, the firm’s president, was the exclusive listing agent for the property.   The seller was a private investment firm that had purchased the mortgage on the property from a special servicing firm after they had begun the foreclosure process.  After the foreclosure of the property was completed, the group elected to list the property for sale. The buyer is a private limited liability company owned by local investors who are new to the self storage industry.

    AAA Stor-Stuff  Self Storage was built in1986 and is a well-designed single story facility with all drive-up units.  The building walls, roofs, partitions and doors are all metal construction.  Located on 4.2 acres of land, the property contains over 61,600 net feet of self storage space divided into approximately 520 units.  There are also 39 uncovered vehicle storage spaces for RVs, boats and automobiles.

    The property sold for $2.6 million (approximately $42 per net square foot) on a "cash to new loan” basis.  Occupancy at the facility was about 65% and climbing.  "This was a rare opportunity to purchase a temporarily underperforming self storage property in Los Angeles County with significant upside potential,” said Keller.

    "There have only been a handful of foreclosed storage properties listed for sale in Southern California in the past few years and we have been the exclusive listing broker for most of them,” Keller said "There are plenty of buyers looking to "steal” lender owned properties, but we have been able to obtain very good prices for sellers – and always more than the "unsolicited” or "direct offers” received from potential buyers or other brokers before our listing and marketing of the property.  Self storage is such a unique property type and it takes a specialist with proven expertise and experience to maximize value for sellers in this unique property niche.”

    Bancap Self Storage Group is the "#1 Self Storage Broker in California” with $1 billion in completed self storage sales, including many lender-owned "REO” properties, numerous portfolio sales, and a record setting single property sale of over $31 million.  For more information contact Dean Keller at (949) 888-5355 or visit the company web site at www.bancapselfstorage.com


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5325 Elkhorn Blvd., #283 
Sacramento, CA 95842

P: 888-CSSA-207 or 888-277-2207
F: 949-861-9425

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