Sovran operates its stores under the trade name Uncle Bob's Self Storage®, and serves over 250,000 customers in 26 states. Founded in 1982, the Company is headquartered in Buffalo, New York, and employs over 1,300 people. One can see that the quoted companies (Safestore, Big Yellow and Lok’nStore) rank highly taking the 1st, 2nd and 6th position in terms of number of self storage facilities.  Storage King is a hybrid as it acts as a branding organisation and manager, whilst privately-owned groups also feature very prominently.
Within this table Bishop’s move is unusual in that it is clearly integrated into a national removals company whereas most of the others work closely with local removals firms. Another feature of the top 15 list is that it doesn’t show a single completely dominant player – but a group of the big three has emerged: Safestore, Big Yellow and Access.
It seems likely that, with the pressure on both rates and occupancy, there will be some consolidation and that some of those storage operators in the bottom half of the league table will be taken over by some of those in the top half.  In terms of mergers, some are more compatible than others and warehouse-type self storage operators have historically been resistant to taking over companies running containerised storage facilities such as Lock Stock Self Storage. To see our content at its best we recommend upgrading if you wish to continue using IE or using another browser such as Firefox, Safari or Google Chrome. The loan to Big Yellow Group is thought to be the first by an insurance company to the self-storage sector and is further evidence of how companies are bypassing banks to secure finance. Chicago-based Metro Self Storage LLC has teamed up with a Brazilian real estate investment company to open a chain of self-storage facilities under the name MetroFit. The first facility opened earlier this month in Sao Paolo, Brazil’s largest city, and a second facility in the city is slated to open this summer. Brazil, with a population of about 200 million, has about 75 self-storage facilities, Harron said. The new MetroFit facility has been outfitted with all of the modern amenities you’d expect to find at the best facilities in the U.S. Without giving exact numbers, Harron said the newly opened location is leasing up aggressively.
Before joining Metro Storage International, Harron worked for the international private equity firm Equity International, where he underwrote potential investment opportunities in various countries, including Brazil. He eventually left Equity International and brought the idea to Metro Self Storage, which hired him in 2012 to lead the international expansion. Harron found TRX Realty, a firm that specializes in build-to-suit and sales-leaseback deals.


Harron said the company is looking for more sites in Brazil and continuing discussions with capital partners for the next round of facilities. As for opportunities in other parts of the world, Harron said operators from other countries have reached out to Metro Storage International. Welcome.The Storage Facilitator is the modern self-storage professional's destination for useful education, intriguing news, diverse expert perspectives, technology updates, and beyond. Get our free white paperThe Four Pillars of Profitable Self-Storage Management is an in-depth resource that empowers facility owners and managers to get more out of your business and stay ahead. The information contained herein has been obtained from third parties and we cannot guarantee the accuracy or completeness of the information.
The four big self-storage REITs aren’t the only publicly traded companies that are adding self-storage space at a dizzying pace. Amerco, the Reno, NV-based parent company of move-it-yourself giant U-Haul International Inc., reported Nov. Edward “Joe” Shoen, chairman and president of Amerco, said his company plans to continue growing its self-storage business through the purchase, conversion and construction of facilities. On the acquisition front, Shoen said he’s heard that the four publicly traded self-storage REITs believe they wield a cap-rate advantage over Amerco. Shoen pointed out that Amerco also is competing against non-REIT investors for those opportunities. Amerco said the number of U-Haul storage units rented has risen thanks to acquiring new facilities and improving occupancy at existing facilities.
In line with the bump in the facility and occupancy counts, Amerco reported nearly $45.6 million in self-storage revenue for the quarter ended Sept.
When reading this, I focused on this quote “I’m not sure they fully appreciate the management intensity of the self-storage business. But it is also unusual in that it runs two companies, because it also owns Ease the Squeeze which appears in the top 15 table. The 75,000-square-foot facility has 500 units and features wine storage, 24-hour security and drive-through access. One challenge the company faces is that most people in Brazil aren’t familiar with self-storage.


We needed to partner with a local development company that could provide knowledge and capital markets,” Harron said. Harron said his company isn’t ruling out entering other markets, as long as it doesn’t distract from the Brazil expansion. Harron’s former employer, Equity International, owned by billionaire Sam Zell, bought a 70 percent stake of Brazilian self-storage operator GuardeAqui in 2011. This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management. 6 that from the end of September 2012 to the end of September 2013, it had added nearly 2.2 million net rentable square feet to the portfolio of storage facilities that it owns.
16, U-Haul’s portfolio comprised 1,181 owned and managed facilities, according to a report from Macquarie Capital.
He first moved to Austin in 1999, when downtown Austin wasn't nearly as lively as it is today. Taking this into account, Bishop’s should perhaps be ranked as the 7th largest by number of stores. Harron said mom-and-pop operators that own one or two facilities dominate the Brazilian market. Many passers-by have stopped at the big yellow MetroFit facility in Sao Paolo just out of curiosity. 30, the average occupancy rate climbed to 85 percent from 83.3 percent during the same period a year ago.
The company has announced plans to open 50 facilities in Brazil by 2017, with a total investment of $15 million to $20 million for each facility.



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