Strategy Driven by Industry Expertise and Insight
Self-storage consolidation is only possible with a fully developed platform. Our platform includes a team of self-storage industry experts, whose unique experience and insight allows us to make strategic acquisitions and capital improvements, including technology and automation upgrades that help previously underfunded assets improve efficiencies, reduce expenses, and streamline operations.
A Natural Fit
The self-storage industry strategically fits within Avenue Living’s portfolio as the industry has similar characteristics to multi-family housing — an area in which we’ve spent over a decade building a platform. The acquisition process and setup are similar, and Mini Mall Storage Properties targets the same demographic as Avenue Living’s B and C class assets.
That similarity in demographic also offers a unique opportunity for cross-promotion, as many Avenue Living Communities residents fit the profile of the typical self-storage customer. The average income of self-storage renters is $20,000-$60,000 per year, and roughly 45% of storage renters are long-term residential tenants.
The Mini Mall Storage Properties Trust also has the benefit of access to the Avenue Living Asset Management platform, which includes investment expertise, marketing, and a range of other services that can complement our own acquisitions and operations teams. Avenue Living also offers access to debt markets not generally open to small owners, with better rates and terms. Together, this proven platform and our own expertise allows us to fast-track acquisitions and create operational efficiencies to increase cash flow.