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He invented PODS containers, as well as a hydraulic lift system that enables operators to easily deliver and transport the units, which he named PODZILLA. [ 3 ] In 2003, PODS received an equity investment of $15M from the Hunt Private Equity Group, along with a $25M senior credit facility from Congress Financial Corp. [ 4 ]
In July 2007, The Container Store sold a majority stake of the company to the private equity firm based in Los Angeles Leonard Green & Partners. [11] [12] [13] Following the deal, The Container Store announced plans to open 29 more stores in the next five years. [13] In 2013, the retailer was one of the hottest IPOs of 2013.
Public Storage Inc. was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It grew to 1,000 locations by 1989, using funding from investors in real estate limited partnerships (RELPs). The private company was re-structured as a publicly traded REIT in 1995, when Storage Equities merged with Public Storage and adopted its name.
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.
The Atchison Storage Facility, commonly known as the Atchison Caves, is a 2.7 million square foot underground storage facility in a former pillar limestone mine 50 to 150 feet (15 to 46 m) below the ground in the Missouri River bluffs at Atchison, Kansas. The bunker complex was a secure U.S. government storage facility from World War II until 2013.
As of March 28, 2024 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.6 million units 283.4 million square feet of net rentable space. [2] It is the largest owner of self storage units in the United States [3] and the largest self storage property manager. [4] [5]
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