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California Self Storage Association

The Latest Industry News

With the daunting amount of news and information coming at you constantly it is impossible for any one person to keep up. Our team curates and alerts you to the "must have” information to ensure you are in the know. Having relevant, current information helps you to make the best decisions possible.

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  • Friday, December 10, 2021 10:57 AM | Rochelle Morales (Administrator)

    NEWPORT BEACH, Calif. and ALTAMONTE SPRINGS, Fla. (December 6, 2021) –RanchHarbor, Ramser Development Company and Saunders Property Company, three real estate investment firms based in Newport Beach, Calif. today announced their joint venture (JV) partnership in the acquisition of Adult Toy Storage, a 55-acre recreational vehicle (RV) and boat storage facility in Altamonte Springs, Fla. 41 acres of the property are currently improved and fully operational. 14 acres are in raw condition and will be improved by the JV to provide added storage capacity. The entire property is being re-branded as RV Storage Depot, Ramser Development’s nationwide RV and boat storage platform.

    The JV purchased the asset from its original owner. Terms of the deal were not disclosed. RanchHarbor sourced the acquisition debt for the property through its RH Advisors platform. 

    “In recent years, greater Orlando has been experiencing a boom in population and economic growth. This, coupled with a tremendous increase in orders for boats and RVs, especially in Florida, led to a great opportunity to invest in this unique property,” said Adam Deermount, managing principal at RanchHarbor. “In addition to strong fundamentals in the RV and boat storage segment, substantial new development in the area immediately surrounding Adult Toy Storage indicates future demand and increasing land values. RanchHarbor is pleased to partner with Ramser Development Company and Saunders Property Company, two best-in-class owners and operators of RV and boat storage facilities, to manage the property and grow its operations.”

    Adult Toy Storage is the largest RV and boat storage facility in the U.S. with 1,800 rentable units, consisting of a mix of indoor parking spaces, outdoor parking spaces and self-storage units. The development of the unimproved 14 acres will result in approximately 500 additional outdoor spaces.

    The previous owner of Adult Toy Storage had continuously operated the facility since the 1980s after converting the property from its previous use as a commercial nursery. The JV’s business plan is to install BRRVS, an affiliate of Ramser Development, as the property manager and commence development of the 14-acre parcel.

    Adult Toy Storage is located at 601 Hillview Drive in Altamonte Springs, a rapidly growing northern suburb of Orlando. The property is proximate to the I4 Maitland Interchange, the Florida Turnpike, Highway 434 and Highway 436, providing convenient access to Orlando, other major Florida cities and countless RV parks, campsites, lakes and other outdoor activities.

    “The purchase of Adult Toy Storage represents the first step in a national rollout of Ramser Development’s RV and boat storage portfolio,” said Ally Ramser Young, chief operating officer of Ramser Development Company. “Adult Toy Storage is the premier RV and boat storage facility in Florida, and we look forward to continuing the operation and expansion of the property for years to come. Along with Saunders Property Company, Ramser Development is grateful for its long-term relationship with RanchHarbor, which has been instrumental in the continued growth of our platform.”

    Neal Gussis of CCM Commercial Mortgage and Josh Koerner and Frost Weaver of Weaver Realty Group, LLC represented the buyer and seller in this transaction. The JV is actively seeking additional RV and boat storage investment opportunities in growing markets throughout the U.S.

    Deermount added, “RanchHarbor established a solid footing in 2021, acquiring five investment properties that are either multifamily or industrial assets. This investment in Adult Toy Storage bolsters and diversifies our portfolio and allows RanchHarbor to execute another value-add business plan in a high-growth sector that will provide strong cash yield and potential appreciation to our investors.”

    RanchHarbor continues to pursue value-add general partner (GP) and limited partner (LP) real estate investment opportunities in select U.S. markets with targeted equity commitments between $2 million and $15 million. The investment firm recently announced the closing of Glenbrook Apartments, a 112-unit multifamily garden-style apartment complex in Boise, Idaho.

    ABOUT RANCHHARBOR

    RanchHarbor is an integrated real estate investment firm based in Newport Beach, Calif., focused on investing in sub-institutional value-add opportunities. RanchHarbor offers joint venture equity and general partner co-invest equity, targeting commercial and multifamily real estate investments between $2 million and $15 million in select U.S. markets. The firm also provides sophisticated asset management, capital advisory and receivership services to institutional and private investors, asset owners and operators. Since its founding in 2020, RanchHarbor has closed on nine investments exceeding $100 million in total AUM across five states.  For more information, visit ranchharbor.com. Follow the company on LinkedIn.

    ABOUT RAMSER DEVELOPMENT COMPANY

    Based in Newport Beach, Calif., Ramser Development Company is a multigenerational commercial real estate firm focused on self-storage, RV and boat storage and select single-tenant net-leased and limited partnership investments. Since 2000, the firm has developed over 1 million square feet of RV and boat and self-storage properties, and operates facilities in California’s Orange, Los Angeles, Alameda, Yolo and Sacramento counties, as well as Seminole County, Florida. Expanding its reach beyond California, Ramser Development Company is currently seeking new investment opportunities in key markets across the U.S. Visit ramserdevco.com for more information. Follow the company on LinkedIn.

    ABOUT SAUNDERS PROPERTY COMPANY

    Over the past seventeen years, John Saunders has become one of the largest and most successful commercial real estate owners in Orange County, Calif. through the application of proactive management. He is currently the owner of over 4 million square feet of commercial real estate. Saunders’ real estate success is based on his experiences building one of the country’s largest coin dealing firms, London Coin Galleries.

  • Friday, August 20, 2021 11:34 AM | Rochelle Morales (Administrator)

     MGM GRAND RESORT & CASINO
     LAS VEGAS, NEVADA
     SEPTEMBER 7-10


    Register TODAY for the SSA Fall Conference & Trade Show

    Registration Discounts End on August 20th

  • Monday, August 02, 2021 1:17 PM | Ross Hutchings (Administrator)

    NEW

    Garrett Danner Joins Bancap Self Storage Group

      ”#1 Self Storage Broker in California” Grows to Better Serve the Industry

    July 22, 2021:  Bancap Self Storage Group, Inc., the ”#1 Self Storage Broker in California,” recently announced the addition of Garrett Danner to support the firm’s success in serving the self-storage industry.

    Danner brings a proven track record of hard work and success in both real estate finance and college athletics. He most recently worked with CBRE Capital Markets where he served as Vice President of Debt & Structured Finance assisting numerous institutional and family-owned clients with their real estate financing endeavors. Beginning his real estate career in 2015, Danner has continued to pursue the high standards, hard work, and passionate mentality that have produced high levels of success for him and his “teammates” in all areas of life.

    Garrett is a graduate of the University of California Los Angeles (UCLA) where he received his degree in International Relations/Political Science with an emphasis in Economics. He was also Captain of the UCLA Division I Men’s Water Polo Team where he led the team to two back-to-back NCAA Championships. Personally, he was awarded both NCAA Player of the Year and the Peter J. Cutino Award, considered water polo’s equivalent of the Heisman Award.  Danner went on to receive a full scholarship award and his master’s degree in Business Management and Finance from the Durham University Business School in the United Kingdom, ranked in the top 50 in the world.

    “I am thrilled to have Garrett join our team” said Dean Keller, President of Bancap Self Storage Group. “He will be a great asset to our company and clients as we increase our market presence while upholding the highest standards, values and results our company is known for.”

    Danner will work closely with Keller in serving the industry and ensuring their clients obtain the best results possible in the sales and acquisitions of storage properties throughout California. Garrett is committed to upholding Bancap’s highest standards of service, attentiveness, and success in the industry.

    In addition to his real estate career, Garrett is an overall outdoorsman who enjoys traveling and cheering on his favorite sports teams.

    Bancap Self Storage Group is one of the top self-storage specialist brokers in the industry with a track record of over $1.4 billion in completed self storage sales.  Dean Keller, the firm’s president and co-founder, has specialized in self-storage investments for over 35 years.       

    For more information, contact Bancap Self Storage Group at info@bancapselfstorage.com, or call Dean Keller at 949-715-2233 or visit the company web site at www.bancapselfstorage.com .



  • Wednesday, May 19, 2021 12:00 PM | Ross Hutchings (Administrator)

    StorQuest Self Storage Hits “Awesome” Milestone with 200th Location StorQuest Self Storage, the premier national self storage brand known for its innovative operating platform and loyal customer base, just crossed an important milestone by opening its 200th location. “We’re incredibly proud to be 200 StorQuest locations strong,” said founder and CEO Bill Hobin. “But I’m even more proud of the nearly 500 members of our team spread across the country who create an awesome experience for our guests and partners, and deliver excellent results to our investors.” Hobin also attributed his company’s success to its unique “best of both worlds” appeal for independent self storage operators seeking professional facility management. “We offer the experience and sophistication of the largest players in the industry while providing the hands-on involvement, enthusiasm, and entrepreneurial spirit of a nimble start up. The choice is simple.” “We’ve always seen ourselves as more than just a solution for storing your stuff,” noted Chief Operating Officer, Gary Sugarman. “We help our guests get the most out of life. It’s no wonder we have over 55,000 rave reviews on Google and Yelp.” The promise is evident in the brand’s philosophy to “Make Room for Awesome.” It's an ethos that StorQuest activates across its state-of-the-art operating platform, which features proprietary revenue management technology, best-in-class digital marketing, and an in-house 24/7 Sales Center. Hobin notes, “Every number tells a story. And this milestone is just the beginning of our next adventure.” Follow us on Instagram, Facebook, Pinterest and Twitter to learn more about the company and how we inspire our guests to make the most out of self storage, and life.

  • Wednesday, April 28, 2021 9:56 AM | Rochelle Morales (Administrator)


  • Tuesday, April 27, 2021 4:20 PM | Rochelle Morales (Administrator)

    2021 Inside Self-Storage World Expo
    July 13-16, 2021
    The Mirage | Las Vegas

    As the ISS World Expo returns to an in-person format in 2021, join us to get the resources and education you need to build, manage and grow your self-storage operation. Top industry experts, educators and colleagues will show you how to capitalize on the industry’s latest products and services, strategies and trends. CSSA members receive $30 off a Seminar-Track Package or All-Access Pass. Use code ASN11 at checkout. Offer expires July 9, 2021. Register today at issworldexpo.com/register.


  • Tuesday, February 02, 2021 3:02 PM | Ross Hutchings (Administrator)

    Save the Date for this Self Storage Webinar February  9, 2021!

    Global Webinar - Self Storage: Moving Forward in 2021 
    Zoom Meeting on February 9, 2021
    (9:00AM PT / 12:00PM ET)

     

    Join us for the upcoming Colliers International Webinar - Self Storage: Moving Forward in 2021. We are excited to include guest speakers from The BSC Group, CubeSmart, National Storage Affiliates, and Talonvest Capital, Inc., leaders in the business, who will provide an update on the industry from their unique perspective.

    The Zoom Webinar will last 60 minutes and consist of a brief overview of the economy connected to the pandemic and how it affects the storage industry, as well as a discussion led by our moderators on such topics as Rental Rates, Occupancy, Capitalization Rates, and today's Financing Terms.

    Speakers/Panelists include:

    Thomas Gustafson, CCIM, National Director | Colliers Self Storage Group
    Jeff Shouse, MAI, CRE, Executive Managing Director | National Practices Valuation & Advisory Services
    Steig Seaward, National Director of Research | Colliers International
    Devin Huber, Principal | The BSC Group
    Scott Levy, Vice President of Investments | CubeSmart
    George Hoglund, Vice President, Investor Relations | National Storage Affiliates
    Eric Snyder, Principal | Talonvest Capital, Inc.

    Register Here

    We hope you, your clients and other contacts will join us while staying safe and working from home!

    Thank you,

    Thomas Gustafson
    CCIM, National Director | Colliers Self Storage Group

    Jeff Shouse
    MAI, CRE, Executive Managing Director | National Practices Valuation & Advisory Services

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  • Tuesday, January 19, 2021 10:41 AM | Ross Hutchings (Administrator)

    View this email online.
     


    Though we’re a few weeks into 2021, it isn’t too late to start a new year’s resolution! This year, choose to be better informed by signing up for the weekly ISS newsletter. This free resource will keep you up-to-date on industry news, trends and content including late-breaking stories, in-depth articles, case studies, whitepapers, videos, blogs, galleries, podcasts and much, much more.

    So, sign up now, and make this simple, impactful first step toward improving your career and business in 2021 and beyond. It’s fast and easy! Just click here to get started, and then watch for the latest self-storage happenings every Wednesday!

    SIGN UP FOR ISS NEWSLETTER

     

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  • Monday, November 23, 2020 11:52 AM | Ross Hutchings (Administrator)

    SELF-STORAGE FINANCING

    Through the SBA 504 Loan Program 

    This free whitepaper highlights the many benefits of the Small Business Administration 504 loan program and provides a lending scenario for a hypothetical self-storage facility. Readers will see how this financing works and what the borrower should expect from the process. It also explains how to qualify for this loan option. 

    You'll learn about:

    ·        The benefits of the SBA 504 lending program

    ·        A hypothetical lending scenario for a self-storage business

    ·        How borrowers can qualify for this option

    ·        Much more!

    READ NOW


  • Thursday, November 12, 2020 4:38 PM | Ross Hutchings (Administrator)

    To all California Self Storage Operators –

    CONGRATULATIONS – we have defeated Proposition 15 (Split Roll tax)!

    CLICK HERE to read the article about this defeat.

    The California Self Storage Association in collaboration with the Self Storage Association (national association) led the fight on behalf of the self storage industry in California. Our thanks to Brian Caster, A-1 Self Storage/Caster Properties and Ken Nitzberg, Devon Self Storage who led the fundraising effort from self storage businesses. According to the Wall Street Journal, our coalition (NO on Prop 15) raised over $74 million. The self storage industry raised over $3.5 million - that means self storage accounted for nearly 5% of the funds collected to defeat this proposition! Considering all the commercial property owners throughout the state, that is very respectable.  THANK YOU to all who donated. 

    CSSA and SSA joined a collation, the NO ON PROP 15. Tino Rossi, Meridian Pacific Inc, from the No on Prop 15 said, “Congratulations to the SSA and CSSA for their defeat of Prop 15. Your grassroots efforts coupled with your tremendous financial support pushed this over the top. Your members should be so proud of this campaign and the part they played in it. Victory!!!”

     

    On behalf of the California Self Storage Association and ALL self storage businesses – THANK YOU for your grassroots efforts – letters to colleagues, friends, and tenants. We truly DID make a difference!

    ___________________________

    If you would like to know some of the other legislative and legal accomplishments of the CSSA (CA Self Storage Association) we invite you to visit our website: https://www.californiaselfstorage.org and come, join us as we “Promote the success in the self storage industry through advocacy, education, and fostering community” (CSSA’s Mission). 

    Ross Hutchings, CAE

    Executive Director – California Self Storage Association

    888.CSSA.207 (888.277.2207) – toll-free office

    CSSA | 5325 Elkhorn Blvd, #283, Sacramento, CA 95842



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California Self Storage Association

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California Self Storage Association
5325 Elkhorn Blvd., #283 
Sacramento, CA 95842

P: 888-CSSA-207 or 888-277-2207

EMAIL: info@californiaselfstorage.org

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