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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.
Self-storage facilities rent space on a short-term basis (often month-to-month, though options for longer-term leases are available) to individuals (usually storing household goods; nearly all jurisdictions prohibit the space from being used as a residence) or to businesses (usually storing excess inventory or archived records). [2]
The company's own RELP, called Public Storage Partners Ltd, was formed in 1975 [9] and closed its first deal for $3 million in investments two years later. [7] Public Storage paid cash to acquire property and build a self-storage facility, then used the property's income to pay investors back and earn a portion as profit. [7]
The origins of Life Storage, formerly known as Sovran Self Storage, can be traced back to 1982, when it was founded as a financial planning firm in Buffalo, New York. Three years later, in 1985, the company entered the self-storage industry by opening its first facility in Florida , eventually accumulating around 30 such facilities along the ...
CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2022, it owned 611 self storage properties in 24 states and the District of Columbia containing 44.1 million rentable square feet. [1] It is the 3rd largest self storage company in the United States.
Simply Self Storage is a privately owned self-storage company in the United States. It has more than 100 operating self-storage facilities with over 8 million square feet of storage space combined. It has more than 100 operating self-storage facilities with over 8 million square feet of storage space combined.
Storage units can be sketchy places, and these disasters from Redditors are perfect examples of why. ... Another Redditor who identified themselves as a self-storage owner said that u/National ...
Founded in March 2017 by Preston Alder, [3] Colton Gardner, and Joseph Woodbury, [4] the company is backed by venture capital firms Peak Ventures and Pelion Ventures. [5] In March 2018, Neighbor changed the spelling of their name from Neiybor, under which it had operated since the company's inception, to the current name.