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05.04.2015 admin
Extra Space Storage is a full service self storage provider of commercial and residential storage units in your local town.
How to Build a Closet Organizer - Adding Extra Storage Space - Built-ins, Shelves & Bookcases. Kitchen With A Room Divider As Extra Storage - Shelterness Search for: BEGIN TYPING YOUR SEARCH ABOVE AND PRESS RETURN TO SEARCH. Occupancy gains, reduced discounting and higher rental rates helped Extra Space Storage Inc.
The Salt Lake City-based self-storage REIT concluded the year with a 27 percent rise in revenue over the previous year.
Extra Space notched a profit of $185.5 million in 2013, up 45 percent from the previous year.
So far in 2014, the company has closed on the 17-facility Mini Price Storage portfolio in Virginia and an additional facility in Texas for a total of $213.8 million. With many Class A storage facilities trading hands in recent years, Kirk said the quality of remaining assets is “decent.” Sellers’ expectations have been raised by the high-dollar deals of 2013—which could prove to be a hitch on the acquisition front. Another factor that’s propelling facility operators to sell is heightened competition from REITs, according to Kirk.

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 company also expanded its footprint during the fourth quarter with the acquisition of 50 properties. Total revenue increased 25 percent over the same period last year to $141.9 million, while profit more than doubled to $77 million. New rentals did decline slightly at same-store locations, dropping by half of a percentage point. Including joint ventures and third-party managed facilities, the company ended the year with 1,029 locations. From a buyer’s perspective, in theory our cost of capital ticked up over the last 60 or 90 days with interest rates going up.
And when it’s the good time and the appropriate time for them, we’ll be ready to transact,” Kirk said.

This white paper identifies major trends and best practices in rate management, occupancy analysis, rental contracts and profit management. Instead of the usual single closet pole with a difficult-to-reach shelf, you'll have three poles at appropriate heights for shirts, pants, and coats. The company’s same-store locations—344 in all—have been owned for three years or have maintained occupancy of at least 80 percent for one year. Instead of a jumble of shoes in the dark recesses of the floor, your footwear will be neatly stored in an easily accessible rack.
There also are divided accessory shelves to the left of the sweater shelves and another shelf over the shirt pole.

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