THIRD PARTY MANAGEMENT

Why Storage King USA?

The Storage King USA third party management platform provides owners with the benefits of our nationwide platform which spans 168 stores. We bring best-in-class management to deliver results for owners who do not want the day-to-day operational burden. Our focused, hands-on approach has resulted in a long track record of outperforming our publicly traded peers.

Storage King USA third party management increases your bottom line by applying institutional management across physical improvement projects, property branding and signage, real-time pricing and revenue management, marketing solutions including SEO and PPC advertising, and operations including automated A/R management, online payment processing, and a centralized customer care center.

Operational Expertise:

Our highly trained and tenured district managers will provide dedicated support to the local managers at each property.

Our customer care center tracks prospective customers and resolves service questions, which can lead to longer customer retention.

Digital Marketing:

Our digital marketing team maximizes the online visibility of each store through SEO/SEM, advertising, and reputation management.

Our efforts generate a constant flow of prospective customer leads and inquiries which lead to higher occupancy.

Technology Platform:

We use a proprietary suite of tools to increase revenue and manage expenses. Our customized reporting provides a clear view of performance and results for each location.

Revenue Management:

Our revenue management team evaluates pricing on each individual unit, forecasts expected demand to determine unit pricing, and strategically deploys discounts and promotions to maximize revenue. Our proprietary competitor database provides insights on every self storage asset in the country.

We provide outstanding service and deliver exceptional results for less than the competition

COMPETITION
STORAGE KING USA
Tenant Insurance Program Split
Split of 0% to 40% to property owner
40% split to property owner (of gross premiums collected)
Marketing Expanse
“Shared serviced” can cost up to 6% of revenue on top of normal marketing expense
Marketing expense is 100% for the benefit of your property
Property Management Fee
4 - 7 %
6%
Corporate Fee Allocations
Undefined
Max of $2,400/year

1IRR and MOIC shown are net of all Andover fees but prior to any Andover promote. Past performance is not necessarily indicative of future results, and there can be no assurance that the company will achieve comparable results in the future. These figures include all realized investments in the Andover Properties portfolio through October 31, 2024

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Are you a property owner looking to sell?
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