StorageTreasures.com, America’s fastest growing website for self storage auction hunters, has reached an agreement with three major self storage companies, each of which will supply both capital investment and advisory services. The agreement is a clear sign of the direction of the storage auction sector and the key role which technology will play moving forward. The capital investments bring together three prominent industry players, including A-1 Storage, Stor-All Storage and RESCO Self Storage. A-1 Storage, a California based chain, is the largest independently owned storage company in the US. Stor-All Storage boasts significant storage holdings in five states, and is one of the oldest companies in the US. RESCO Self Storage is a California based real estate investment group with deep industry experience, which includes the development and construction of the Shurgard storage brand, which included an eventual sale and partnership with Public Storage, the nation’s largest storage operator.
“It’s no secret that technology is playing an ever-growing role in how we operate and market our facilities, and now that trend is changing the industry’s approach to storage auctions.” StorageTreasures President and Founder Lance Watkins continued, “Progressive operators like A-1 and Stor-All are embracing this trend, and are looking for ways to create competitive advantages through both the use of technology in general and partnerships with internet based companies like StorageTreasures.” Watkins added, “StorageTreasures’ philosophy is quite simple. We are giving the storage industry the opportunity to make their public auctions truly public with the largest group of auction buyers on the internet.”
The investment agreement is both financial and strategic in nature, as executive management from each company will supply advisory services and Board membership to StorageTreasures. Watkins commented on their addition, “Having veterans on board like Brian Caster, Jeff Anderson and Ron Soderling gives the company access to some of the best minds in the industry. In addition, StorageTreasures is partnered with the Self Storage Legal Network and American Auctioneers. Carlos Caslow, Scott Zucker and Dan Dotson are top attorneys and auctioneers in the storage industry. This will be a tremendous competitive advantage as we look to build the go-to storage auction resource on the internet.”
StorageTreasures.com, is a free self storage unit auction locator and self storage finder covering the US and Canada. StorageTreasures.com offers compressive storage auction schedules and site specific guidelines for auction hunters and facility owners throughout the US and Canada. StorageTreasures.com is partnered with industry leaders to develop best practices that ensure storage auctions are conducted within the law, and that facility owners, tenants, buyers and auctioneers are protected. More information about StorageTreasures.com can be found at http://www.StorageTreasures.com or by calling 1.800.213.4183.
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Filed under: Real Estate