Storage Asset Management (SAM), the largest privately owned self-storage third party management firm, announced its same store* results for the year ending December 31, 2022.
“We are really proud of our team. Achieving 15.8% growth in NOI after achieving 26.6% NOI growth in 2021 was not easy. Our teammates continue to live out our core values every day and it shows in these extraordinary results ,” said Alyssa Quill, SAM CEO.
SAM’s storage experience, technology, and adaptability are the driving factors behind these outstanding results. SAM has a very strong team with the ability to utilize data and technology to make smart decisions and improve efficiencies. Storage Asset Management is a third-party management firm that specializes in self-storage.
*SAM’s same-store pool for the period consists of 149 stores that were stabilized by Jan 1, 2022. SAM considers a store to be stabilized once it has been open for three years or has sustained average square foot occupancy of 80.0% or more for one calendar year. If a property reduces in size, it is removed from the same store pool until the beginning of the calendar year at least 12 months from the date of change.