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By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | August 1, 1995
Storage USA Inc., the Columbia-based firm that has been on vTC an acquisition tear in recent months, yesterday reported that its key second-quarter results more than doubled from a year ago.The real estate investment trust also announced yesterday that it has contracted to buy six new self-storage facilities for $21.1 million, augmenting the 34 self-storage warehouses that Storage USA bought during the second quarter for $119 million. The company currently owns 161 facilities in 24 states.
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BUSINESS
By Joni Guhne and Joni Guhne,SPECIAL TO THE SUN | February 16, 2003
When the inherited furniture from Grandma arrives or the kids announce they're moving back home, more people are looking beyond their attics and basements for a place to store those cumbersome but cherished possessions. Today, there are about 30,000 self-storage facilities in the United States and seemingly more are built every day. The growth has concerned some industry experts, who worry that the market is saturated. But some center owners say there is plenty of business, propelled by people whose homes don't have enough storage space.
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BUSINESS
By BLOOMBERG BUSINESS NEWS | June 6, 1996
Columbia-based Storage USA Inc. said yesterday that its shareholders approved a plan to sell a 26 percent stake in the self-storage property owner to Security Capital U.S. Realty for $220 million.The company also said it named J. Marshall Peck, a managing director of a Security Capital affiliate, to its board.Under the agreement, announced in March, Storage USA will sell 7.03 million shares to Security Capital at $31.30 each. After the sale is completed, the company will have about 27.4 million shares outstanding.
NEWS
By TaNoah Morgan and TaNoah Morgan,SUN STAFF | May 21, 2001
After 12 years of getting vehicles in Columbia soapy, wet and waxed, Snozzles carwash has closed its hoses, and its parent company is building a drier business. Siena, the company that owns Snozzles and the 6-acre parcel off Snowden River Parkway where the carwash and a bevy of car-care shops are located, is replacing Snozzles with an ezStorage self-storage facility. The move is part of a broader shift in the Annapolis Junction company to divest of carwashes and focus on self-storage in the Baltimore-Washington area.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | September 24, 1994
Storage USA Inc. yesterday announced it raised $135.2 million through a secondary stock offering, a move designed to finance the acquisition of 29 new miniwarehouse facilities and provide working capital.The Columbia-based real estate investment trust, which went public in March with a $119.6 million initial offering, sold 5.2 million new shares of common stock at $26 a share, a 20 percent increase from its IPO price."The new offering makes us more liquid, and answers the needs of institutional investors who wanted more shares," said Thomas E. Robinson, the company's president and chief operating officer.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | October 20, 1995
Your grandmother's dining room table, college textbooks, old baseball cards, the 20-year-old lawn mower that you're certain one day can be fixed. Americans by nature are a sentimental and optimistic lot, and they prove it by the stuff they keep -- or at least can't throw away.But where to put it all?Dean Jernigan has a place. In fact, 175 places. As the head of Storage USA Inc., Mr. Jernigan specializes in owning self-storage facilities that balance the public's inability to dispose of cherished treasures with its equal disdain for clutter.
BUSINESS
By From Staff Reports | May 17, 1995
Storage USA Inc. of Columbia said yesterday it plans to sell 3.5 million shares of stock in an offering scheduled for early June.Based on the company's stock price yesterday, $28.625, the offering would raise about $100 million.The real estate investment trust owns or operates 152 self-service storage warehouses in 24 states and Washington, including locations in Baltimore, Pasadena, Annapolis, Essex and Columbia. It was founded in 1985 and went public last year.Storage USA President Thomas E. Robinson said he can't comment on what the company plans to do with the money because Storage USA has not yet made all the required disclosures to the Securities and Exchange Commission.
BUSINESS
By KEVIN L. McQUAID and KEVIN L. McQUAID,SUN STAFF | November 1, 1995
Storage USA Inc.'s operational income and revenues more than doubled in the third quarter, resulting from a barrage of property acquisitions by the mini-warehouse owner.For the period that ended Sept. 30, the Columbia-based firm yesterday reported funds from operations of $10.7 million, compared with $3.9 million in the corresponding quarter in 1994.That 174 percent gain marked the third consecutive reporting period in which the real estate investment trust's funds from operations -- a key measure of a REIT's performance -- more than doubled as compared to the year before.
NEWS
By Erin Texeira and Erin Texeira,SUN STAFF | August 22, 1998
A three-alarm fire at a Riviera Beach storage facility last night injured two Anne Arundel County firefighters, brought out 65 firefighters and took more than three hours to bring under control, fire officials said.The fire at Storage USA in the 8900 block of Fort Smallwood Road caused about $180,000 in damage, said John Scholz, an Anne Arundel fire battalion chief.The blaze, which damaged about 30 storage units, broke out about 5: 30 p.m. when a light bulb was left on near combustible materials in a storage unit, Scholz said.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | June 4, 1996
Carrolltown Center's bricks and mortar may be located in Eldersburg, but its marketing effort now spans cyberspace.Thanks to a new Internet World Wide Web site, Black Rock Associates Inc. is providing leasing and tenant information electronically to prospective customers and others about Carrolltown, a mall that the Sparks real estate firm bought for $10 million in January 1993."
NEWS
By Frederick N. Rasmussen and Frederick N. Rasmussen,SUN STAFF | April 9, 1999
For the past two months, blue and white "Team Caspari" bumper stickers began appearing on cars all over Baltimore.The bumper stickers honored Richard Wilson Caspari, a computer systems analyst who was stricken with non-Hodgkin's lymphoma. They were the brainchild of W. Hugh Bagby Sr. of Stevenson, a longtime family friend who had a thousand of them printed and distributed to Mr. Caspari's friends."The idea was to form a prayer team, and every time we saw one of those signs, we'd say a prayer for Dickie," Mr. Bagby said.
NEWS
By Erin Texeira and Erin Texeira,SUN STAFF | August 22, 1998
A three-alarm fire at a Riviera Beach storage facility last night injured two Anne Arundel County firefighters, brought out 65 firefighters and took more than three hours to bring under control, fire officials said.The fire at Storage USA in the 8900 block of Fort Smallwood Road caused about $180,000 in damage, said John Scholz, an Anne Arundel fire battalion chief.The blaze, which damaged about 30 storage units, broke out about 5: 30 p.m. when a light bulb was left on near combustible materials in a storage unit, Scholz said.
NEWS
By Neal Thompson and Neal Thompson,SUN STAFF Richard Irwin contributed to this article | January 22, 1998
A Crownsville man sorting abandoned property he bought at an Annapolis storage facility found what appeared to be a bomb yesterday.The man called Anne Arundel County police about 2 p.m. and for the next six hours, the Storage USA facility in the 2000 Trout Road near the 2000 block of Generals Highway was teeming with activity.Employees of nearby offices were evacuated, county public works crews trucked in sandbags and the storage area near Annapolis Mall soon swarmed with bomb squads and fire investigators.
NEWS
By Neal Thompson and Neal Thompson,SUN STAFF Sun staff writer Richard Irwin contributed to this article | January 22, 1998
A Crownsville man sorting abandoned property he bought at an Annapolis storage facility found what appeared to be a bomb yesterday.The man called Anne Arundel County police about 2 p.m., and for the next six hours Storage USA, in the 2000 block of Trout Road near the 2000 block of Generals Highway was teeming with activity.Employees of nearby offices were evacuated, county public works crews trucked in sandbags, and the storage area near Annapolis Mall soon swarmed with bomb squads and fire investigators.
BUSINESS
By BLOOMBERG BUSINESS NEWS | June 9, 1996
SANTA FE, N.M. -- After finishing reading a book on investing legend Warren Buffett one Sunday last fall, Dean Jernigan knew there was just one person with the deep pockets and smarts to help his small, self-storage property company expand.Not Buffett. Bill Sanders.Who? If you haven't heard of William Sanders, it's probably because he wants it that way. To those in the business, though, the 54-year-old investor is to real estate what Buffett is to the stock market."If there was one investor I would call, it wouldn't be Buffet," Jernigan said.
BUSINESS
By BLOOMBERG BUSINESS NEWS | June 6, 1996
Columbia-based Storage USA Inc. said yesterday that its shareholders approved a plan to sell a 26 percent stake in the self-storage property owner to Security Capital U.S. Realty for $220 million.The company also said it named J. Marshall Peck, a managing director of a Security Capital affiliate, to its board.Under the agreement, announced in March, Storage USA will sell 7.03 million shares to Security Capital at $31.30 each. After the sale is completed, the company will have about 27.4 million shares outstanding.
NEWS
August 6, 1993
POLICE LOG* Pasadena: Someone broke into a storage bin at Storage USA, in the 8900 block of Fort Smallwood Road last weekend and stole tools valued at $1,500. The break-in was reported Tuesday.
NEWS
By Neal Thompson and Neal Thompson,SUN STAFF Richard Irwin contributed to this article | January 22, 1998
A Crownsville man sorting abandoned property he bought at an Annapolis storage facility found what appeared to be a bomb yesterday.The man called Anne Arundel County police about 2 p.m. and for the next six hours, the Storage USA facility in the 2000 Trout Road near the 2000 block of Generals Highway was teeming with activity.Employees of nearby offices were evacuated, county public works crews trucked in sandbags and the storage area near Annapolis Mall soon swarmed with bomb squads and fire investigators.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | June 4, 1996
Carrolltown Center's bricks and mortar may be located in Eldersburg, but its marketing effort now spans cyberspace.Thanks to a new Internet World Wide Web site, Black Rock Associates Inc. is providing leasing and tenant information electronically to prospective customers and others about Carrolltown, a mall that the Sparks real estate firm bought for $10 million in January 1993."
BUSINESS
By KEVIN L. McQUAID and KEVIN L. McQUAID,SUN STAFF | November 1, 1995
Storage USA Inc.'s operational income and revenues more than doubled in the third quarter, resulting from a barrage of property acquisitions by the mini-warehouse owner.For the period that ended Sept. 30, the Columbia-based firm yesterday reported funds from operations of $10.7 million, compared with $3.9 million in the corresponding quarter in 1994.That 174 percent gain marked the third consecutive reporting period in which the real estate investment trust's funds from operations -- a key measure of a REIT's performance -- more than doubled as compared to the year before.
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