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The Lock Up was founded in 1976 by Robert Soudan and Charles Sample, who built their first self-storage facility in Northbrook, Illinois. Later, Soudan’s son, Bob Soudan, Jr., took over as president of The Lock Up. Soudan Jr. has also served as regional president, director and national president of the Self Storage Association.
The move represents a ramped-up effort by Public Storage to acquire its smaller competitor, following the rejection of an earlier bid. [29] In April, Life Storage agreed to be acquired by Extra Space Storage for $12.7 billion. [30] The acquisition completed in July and became the largest self-storage space operator by store count in the U.S ...
In July 2018, Brookfield announced shrinking the Simply Self Storage portfolio by 112 properties when those sites were sold to a joint venture involving National Storage Affiliates. [6] In December 2020, Blackstone purchased what was remaining of the Simply Self Storage properties from Brookfield. No information was given regarding plans for ...
In early 2020, the market plunged as worries about COVID rattled investors. However, some investors dove into the market amid the fear, and the market rallied furiously off its lows . 5.
Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, shipping containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
Warren Buffett started his investment journey at an early age, making his first entry into the stock market at just 11 years old. “I bought my first stock when I was 11 years old.
StorageTreasures.com is an online auction platform and is managed by OpenTech Alliance, an automation and call-center provider for self storage companies. Founded in 2010, StorageTreasures gives people the ability to search for both online and in person self storage auctions.
StorageNow became the largest operator of storage services in Canada, with facilities in 11 cities, and was acquired by Storage REIT in March 2007 for $110 million. [6] O'Leary later sold his shares which yielded a windfall profit exceeding $4.5 million through realized capital gains, with his initial stake being originally valued at $500,000.