CANADIAN NEWS
Montreal Mini-Storage Focuses On Expansion Montreal Mini-Storage has spent $40 million to acquire five self-storage facilities in Quebec’s Laurentians. The acquisitions add nearly 1.5 million square feet and 1,500 storage units to its portfolio. Furthermore, the storage group has assigned a $15 million development budget to enhance and enlarge its existing facilities. Currently,
the company has 19 facilities across eight cities throughout the province and plans to expand its portfolio to over 5 million square feet of storage space by 2025.
Mini Mall Continues Growing In February, Mini Mall Storage Properties celebrated its two-year anniversary. Since its inception, the company continues to show significant growth, surpassing $500 million in assets under management and offering over 3 million square feet of storage space and 25,000 storage units across Canada and the U.S. Mini Mall also employs more than 125 professionals across seven provinces, from Vancouver, B.C., to St. John, N.B., and six states (Alabama, Arkansas, Indiana, South Carolina, Mississippi, and Ohio). The company is now one of the top five self-storage opera- tors in Canada and plans to strengthen its presence in North America; in the first quarter of 2022, Mini Malls acquired more than one million square feet of storage space in the United States.
New Facility To Hit Langley A new five-story self-storage facility will be coming to Langley, B.C., on a site zoned for industrial use. Though there was opposition from two council members due to a shortage of industrial land, the multistory project passed the vote. The design includes eight elevators.
OpenTech Releases Whitepaper OpenTech Alliance Inc. recently released a new whitepaper focused on tenant trends from 2020 and 2021. It also provides comparisons to four-plus years of transaction data, offering insight into recent shifts in consumer behavior and helping self-storage operators prepare their businesses for the post-pandemic era. Available for free on the OpenTech website, the publication draws on the company’s database of self-service and automated transactions, including more than 900,000 data points in 2021 from its portfolio of software, service, and technology solutions. To access the whitepaper, which has more than 40 pages, visit www.
opentechalliance.com.
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OpenTech Launches New Platform OpenTech Alliance has released a modern online rental website solution with built-in e-commerce features and integrated marketing tools to help operators attract more renters and build better revenue with ease. INSOMNIAC® StoreCore, updated in real time and fully integrated with SiteLink, includes a host of features, insights, and tools designed to give operators a competitive edge in the market. Some key features of the platform include built-in SEO, fast load speeds, a content management system, pricing and rental tools, and rental conversion tools. For more details, visit
www.opentechalliance.com.
Janus Unveils Nokē Screen
Janus International Group, Inc. has launched Nokē Screen, the latest in the line of award-winning smart security products in the Nokē Smart Entry product line. Nokē Screen boasts a number of exciting design features, including a
customizable full-graphic display screen, Wi-Fi and Blue- tooth connectivity, and an all-in-one design that combines the controller and the keypad in a single device. Visit www.
janusintl.com/noke-screen for additional information.
URT Launches ManageSpace Union Realtime (URT) is adding a new tool to its portfolio. ManageSpace is a cloud-based, end-to-end platform that allows clients to manage leads, inventory, payment, and reporting in the same tool instead of turning to various third-party systems for each part of their workflow. The feature-rich ManageSpace platform offers an open API, 3D functionality, reporting, and revenue management. For more information, visit
www.unionrealtime.com.
Conversions Combat Land Costs According to Weyen Burnam, director of real estate for StorageMart, converting existing buildings to self-storage can be the ticket to overcoming high land and construction costs. “Due to the high cost of planning, permitting, and construction in Canada, self-storage facilities often exceed 100,000 net rentable square feet and can take three to five
October 2022
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