16 August 2016
2016 MidYear Update
Storage Asset Management, Inc. (SAM) is pleased to announce a midyear update of their activities for the first half of 2016.
During the first half of 2016, SAM increased same store revenue by 6.8%. Occupancy at SAM same store locations grew 2.7%. This reporting is for the time period of 1/1/16 through 6/30/16 as compared to the same time period in 2015. These exceptional results can be attributed by increased rates and decreased discounting at the store-level.
Additionally, Storage Asset Management, Inc. has been awarded 11 management contracts of operating self-storage facilities since January 1, 2016, including their first in Colorado and Michigan.
Storage Sense Wyncote, PA
Valley Storage Medina, OH
All Pro Storage Canton, OH
Lionville Self Storage Exton, PA
Storage Sense Colorado Springs, CO
Mechanicsburg Self Storage Mechanicsburg, PA
Storage Sense Townsend, DE
Street Smart Storage Wilmington, NC
Battle Creek Self Storage Battle Creek, MI
East Hickman Self Storage Lyles, TN
Highway 45 Bypass Self Storage Jackson, TN
They have also been awarded 5 management contracts for facilities in development. SAM now manages over 60 facilities. To see a complete list of currently managed properties, please visit: http://storageassetmanagement.com/sam-managed-properties/
With the increase in number of management contracts, SAM is also pleased to announce the promotion of Lynn Sykes to Director of Operations. Lynn will oversee the district managers and operations at SAM’s managed storage facilities.
Jason Buck and Danielle Campbell have also joined the SAM corporate staff as District Managers. Jason will oversee properties in Tennessee, Georgia, and South Carolina. Danielle will handle the district manager responsibilities for Southern Virginia and North Carolina.
Alyssa Quill, VP, says “We have had a really great start to 2016. We are proud of our managed stores and the expansion of SAM. We look forward to using our proven strategies, to have an even better second half of 2016.”
For more information please visit www.storageassetmanagement.com
Melissa Stiles, Marketing Manager
Storage Asset Management, Inc