StorageMart
Industry | Self-storage |
---|---|
Predecessor | Storage Trust |
Founded | 1999 |
Founder | Gordon Burnam |
Headquarters | , |
Number of locations | 254 |
Area served | US, Canada, UK |
Owner | TKG StorageMart Partners LP |
Subsidiaries | PhoneSmart |
Website | StorageMart |
StorageMart is a chain of
Burnam's four children each hold executive positions within the company. Mike Burnam is the company's president, Cris Burnam is the CEO, and the CFO is Ryan McKenzie.
Company overview
Early history
Prior to founding StorageMart, Gordon Burnam founded the storage company Storage Trust, which he took public in 1994 on the New York Stock Exchange under the ticker SEA. The company operated out of its home office in Columbia, Missouri until it was acquired by
North American expansion
The demand for self-storage spaces in the US grew over the early part of the 2000s.[4] By 2005 the company had facilities in eleven states, including Texas,[5] where it purchased five properties in March 2005.[6] By 2006 the firm operated sixty facilities across the US.[7]
In 2007 the company expanded into Canada, and according to Garry Marr of the Financial Post, it "is now one of the dominant players in the country with 70 properties and about 5 million square feet".[8] This includes more than three dozen facilities in metropolitan Toronto.[9] In 2011-12 these facilities installed 640,000 square feet of solar collectors on their roofs, providing 3 megawatts of power.[10][11] In 2009 TKG-StorageMart Canada took ownership of InStorage Real Estate Investment Trust for about $416 million. This increased the number of storage facilities to 120, making it "one of the largest privately owned storage companies in North America" according to Cris Burnam.[12][13][14] By 2012 StorageMart had more facilities in Canada than any other self-storage company.[15]
As of 2013 the firm had 132 storage facility locations across the US and Canada.
Since then, StorageMart has continued to grow, and as of 2021, operates more than 250 locations across the United States, Canada, and the U.K., making up approximately 15,200,000 square feet of rentable space across over 134,000 units.
StorageMart acquired Manhattan Mini Storage in 2021, making it the largest private self storage REIT in the world. As of 2023 StorageMart has over 300 locations.
Europe
In 2016, StorageMart acquired 15 locations in southeastern England, formerly owned by Big Box Storage Centre [23] [24]
Charitable giving
StorageMart is committed to giving back to the many communities it calls home through its Store it Forward program. StorageMart has provided free rent to charities like Blair’s Tree of Hope and partnered with others like Global Giving in 2017 to raise $50,000 in disaster relief for Hurricane Irma.[25][26] In 2017 alone, the self-storage company donated more than $159,000 to charities, in addition to donating over $370,000 in free rent to charities throughout the US, Canada, and UK.[27] In 2018, StorageMart began donating $25 per online review they receive to Big Brothers Big Sisters. [28]
References
- ^ "TKG StorageMart Partners, LP: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-07-26.
- ^ South Florida Business Journal. Retrieved December 16, 2013.
- ^ Bondi Wood (Mar 10, 2007). "COLUMBIA'S PROMINENT BUSINESS FAMILIES". Columbia Business Times. Archived from the original on 2013-12-27. Retrieved 2013-12-26.
- Kansas City Star. Retrieved December 16, 2013.
- San Antonio Business Journal. May 23, 2005. Retrieved December 16, 2013.
- San Antonio Business Journal. Retrieved December 16, 2013.
- Columbia Tribune. September 18, 2006. Archived from the originalon 2016-06-10. Retrieved December 16, 2013.
- ^ a b Garry Marr (July 12, 2013). "Can't afford Canadian property? Downsize your home, upsize your storage locker". Financial Post. Retrieved December 10, 2013.
- ^ "TCHC ground-floor space gathers dust for nearly 20 years". Metro International. May 18, 2013. Retrieved December 16, 2013.
- Inside Self-Storage. October 26, 2011.
- Zimbio. Retrieved December 16, 2013.
- Inside Self-Storage. January 12, 2009.
- Columbia Tribune. Archived from the originalon 2012-03-20. Retrieved December 16, 2013.
- ^ "TKG-StorageMart Group Acquires InStorage REIT". Lexpert Magazine. June 1, 2009. Retrieved December 16, 2013.
- ^ Laura Williams-Tracy (June 2012). "Steady as She Goes" (PDF). SSA Globe. Retrieved December 16, 2013.
- ^ Mildred Culp (December 9, 2013). "Put toxic vendors in their place before they put you on edge". Las Vegas Review-Journal. Retrieved December 10, 2013.
- Businessweek. Archived from the originalon October 15, 2012. Retrieved December 10, 2013.
- ^ Justin Willett (May 10, 2014). "StorageMart adds to storage portfolio with purchases". Columbia Daily Tribune.
- ^ "Storage Wars Canada". Retrieved December 17, 2013.
- ^ [1][dead link]
- Inside Self-Storage. November 26, 2014.
- ^ Olberding, Matt. "Lincoln storage facility has new owner". Retrieved 30 July 2018.
- ^ "StorageMart Brings Easy Clean Service to UK Self Storage Industry". StorageMart Blog. StorageMart. Retrieved 15 February 2017.
- ^ "StorageMart Announces Entry into European Storage Industry". Commercial Property Executive. Retrieved 15 February 2017.
- ^ "Thank you to a new sponsor – StorageMart | Blair's Tree of Hope Foundation". blairstreeofhope.org. Retrieved 2018-07-26.
- ^ "StorageMart Announces Partnership with Global Giving to Raise $50,000 in Disaster Relief for Hurricane Irma". www.prnewswire.com. Retrieved 2018-07-26.
- ^ "StorageMart Expands into Avon, CO with a new storage facility". www.prnewswire.com. Retrieved 2018-07-26.
- ^ "StorageMart Charity Partner Spotlight: Big Brothers Big Sisters". www.storagemart.com. Retrieved 2021-10-14.