The Real Estate Investment Firm Continues to Expand Its Footprint as Self-Storage Boom Trends; Brand to Introduce New Tech to Facilities Operation
Skokie, IL, Release: April 21, 2021. For Immediate Release
On Wednesday, April 14, 2021, Elmdale Partners acquired a second self-storage facility in Huntley, Illinois from a private developer.
The existing facility, known as Huntley Self Storage, located at 11181 Giordano Court, Huntley, IL 60142, comprises approximately 48,200 rentable square feet and over 300 drive-up non-climate controlled units, with an additional 149 RV/boat/car spaces and a partially leased 26,000 SF warehouse that also houses the facility’s management operation.
“This facility is ripe for optimization,” said Thomas Bretz, CEO of Elmdale Partners. “Like our previous storage asset acquisitions, Elmdale’s development plan includes such operational improvements as performing deferred maintenance, enhancing curb appeal with new signage, security fencing and gates, and converting to climate-controlled units. We are particularly excited about the introduction of new technology to the facility, which includes app-based site/unit access and fully automated self-service kiosks.”
As emergent technologies become more ubiquitous in the industry, Elmdale is on pace to establish itself as a leader in self-storage tech, a forecast strengthened by the launch of its new self-storage brand, StorSafe.
“StorSafe, as a brand, exists to provide tenant convenience at a higher level of performance and service. By leveraging mobile technology, advanced management software, online tools, facility automation, advanced security equipment and other amenities, we hope to bring self-storage into the future and meet the overwhelming consumer demand for such products,” commented Matt Clark, Director of Storage Operations.
According to the Self-Storage Association’s 2020 Demand Study, the number of households renting self-storage is at an all-time high of nearly 13.5 million, up from just 3.5 million in 2005. An additional 7 million consumers surveyed plan to rent in the next year.
The Huntley project represents Elmdale’s 3rd facility in Illinois and 7th across its multi-state footprint. Elmdale acquired its first Huntley facility, located at 11200 Kiley Dr, Huntley, IL 60142 in October 2020.
About Elmdale Partners
Founded in 2010 by Thomas Bretz and Adam Freeman, Elmdale Partners is a real estate investment firm with brokerage and property management operations headquartered in Skokie, Illinois. Recognized as a Crain’s Chicago Business Fast 50 Company, Elmdale Partners is one of the largest privately held companies in Chicagoland.
Elmdale Partners Press Desk