Congratulations are in order to the following!

First, to the new self storage REIT, National Storage Affiliates Trust on becoming the 5th publicly traded Self Storage REIT in our industry ...(read more)

2nd, to Tim Dietz on being promoted to COO at the Self Storage Association.  (read more)

3rd, to the SBOA and Theresa Gallas for creating "listselfstorage.com" an internet portal of exclusive listings of self storage properties by real estate agents..(read more)  

4th, to the "Storage Authority" and its founders, Scott House and Marc Goodin, for creating the 1st franchise business model for self storage since Dean Jernigan at Storage USA in the 1990's. (read more)

These are significant announcements in our industry, all of which have come about within the past 6 months.  In addition, our SVN National Self Storage Team has been quite active as myself and 3 other Advisors, Connie Neville, Chris Davis, and Kayvan Mehrbakash attended the SSA Spring Conference and Trade Show at the Gaylord Resort in Alexandria, VA in March where we hosted a Hospitality Suite to showcase new listings and meet and greet clients between sessions.

In the Pacific Northwest, Jeff Ottmar and Jason Wilkens attended and exhibited at the Oregon Self storage Association Annual Meeting in Salem.  And in Florida, 5 SVN advisors including myself, Bob Morris, Dave Heyink, Judy Maddock and Chris Malkin sponsored a Trade Show Booth at the Florida Self Storage Association Annual Expo in Orlando. 

I have attached links for a few interesting articles to the Newsletter and again on our website, www.StorageRealty.com that pertain to the state of our industry; what is going on with Interest Rates/Cap Rates (read more); and, the announcement of the formation of the NSA REIT; Storage Authority; and, listselfstorage.com.

Have a great summer and I hope to see many of you at the SSA conference in Las Vegas, September 8-10 at Caesar's Palace.

Respectfully Yours,

Nicholas Malagisi, SIOR

National Director, Self Storage