Move It Storage Company Profile

Background

Overview

Move It Storage is a privately held self-storage company founded in 2013 by A. Starke Taylor III. The company specializes in the acquisition, development, and management of self-storage facilities across multiple states in the United States. With over 40 years of combined experience in the storage industry, the leadership team has established a reputation for operational excellence and customer service.

Mission and Vision

Move It Storage aims to provide outstanding value and service in the self-storage industry, focusing on customer satisfaction and operational efficiency. The company's vision is to be a leading provider of self-storage solutions, offering secure and accessible storage options tailored to the needs of individuals and businesses.

Primary Area of Focus

The company focuses on the self-storage sector, offering a range of storage unit sizes and services to accommodate various customer requirements. Their facilities are equipped with modern security features and are strategically located to serve diverse communities.

Industry Significance

As part of NSA Storage, a real estate investment trust managing over 1,000 storage facilities across the United States, Move It Storage contributes significantly to the self-storage industry's growth and development. Their extensive network and operational expertise position them as a notable player in the market.

Key Strategic Focus

Core Objectives

Expansion: Continue to grow the number of managed facilities across existing and new markets.

Customer Satisfaction: Enhance service quality to meet diverse customer needs.

Operational Efficiency: Implement best practices to optimize facility management and profitability.

Specific Areas of Specialization

Facility Management: Overseeing daily operations of self-storage facilities.

Customer Service: Providing responsive and helpful support to tenants.

Security: Ensuring facilities are equipped with advanced security systems.

Key Technologies Utilized

Security Systems: Advanced surveillance and access control technologies.

Management Software: Integrated systems for inventory, billing, and customer relationship management.

Primary Markets Targeted

Move It Storage operates in Texas, Tennessee, Louisiana, Mississippi, Alabama, and Florida, serving both urban and suburban communities with diverse storage needs.

Financials and Funding

Funding History

The company has secured funding to support its expansion and operational needs. Specific details regarding total funds raised and recent funding rounds are not publicly disclosed.

Notable Investors

As a privately held company, Move It Storage's investor information is not publicly available.

Utilization of Capital

Capital has been utilized for:

Facility Expansion: Acquiring and developing new storage locations.

Technology Upgrades: Implementing advanced security and management systems.

Operational Enhancements: Improving customer service and facility management processes.

Pipeline Development

Key Pipeline Candidates

Move It Storage is actively seeking opportunities to expand its portfolio by acquiring and developing additional self-storage facilities in strategic locations.

Stages of Development

Site Acquisition: Identifying and securing prime locations.

Construction: Building new facilities with modern amenities.

Operational Launch: Opening facilities and integrating them into the company's management system.

Target Conditions

The company targets markets with high demand for self-storage solutions, including urban areas with limited space and suburban regions experiencing population growth.

Anticipated Milestones

Short-Term: Opening of new facilities in identified markets.

Long-Term: Achieving a significant increase in managed square footage and customer base.

Technological Platform and Innovation

Proprietary Technologies

Move It Storage utilizes proprietary management software to streamline operations, including billing, inventory management, and customer relationship management.

Significant Scientific Methods

The company employs data analytics to optimize facility performance, customer acquisition strategies, and pricing models.

Leadership Team

Key Executives

A. Starke Taylor III: Founder and CEO. With over 40 years of experience in self-storage development, acquisition, and management, he has served on the board of directors for the Large Owners Council of the Self Storage Association and was a former Chairman of the Self Storage Association.

Tracy Taylor: Co-founder and President. He has more than 40 years of experience in self-storage development, acquisition, and management, and has served on the board of directors for the Large Owners Council of the Self Storage Association and was a former Chairman of the Self Storage Association.

Leadership Changes

As of January 1, 2023, Move It Storage's management transitioned from being a third-party operator to internal management under NSA Storage, following the retirement of Move It as a third-party operator.

Competitor Profile

Market Insights and Dynamics

The self-storage industry has experienced significant growth, driven by urbanization, downsizing, and increased demand for personal and business storage solutions. The market is characterized by a mix of large REITs and regional operators.

Competitor Analysis

Public Storage: A leading self-storage REIT with a vast network of facilities nationwide.

Extra Space Storage: Another major REIT offering a wide range of storage solutions.

U-Haul: Provides self-storage options alongside its moving services.

Strategic Collaborations and Partnerships

In June 2022, Move It Storage Saratoga partnered with U-Haul to offer moving and storage solutions to the Corpus Christi community.

Operational Insights

Move It Storage differentiates itself through its customer-centric approach, modern facilities, and strategic locations, aiming to provide convenient and secure storage solutions.

Strategic Opportunities and Future Directions

Strategic Roadmap

Expansion: Continue to identify and develop new facilities in high-demand markets.

Technology Integration: Enhance operational efficiency through advanced technologies.

Customer Engagement: Strengthen relationships with existing customers and attract new ones through targeted marketing and service improvements.

Future Business Directions

Move It Storage plans to expand its footprint by acquiring and developing additional facilities, focusing on markets with growing demand for self-storage solutions.

Opportunities for Expansion

The company sees opportunities in suburban areas experiencing population growth and urban centers with limited storage options.

Positioning for Future Objectives

By leveraging its industry experience, operational expertise, and customer-focused approach, Move It Storage is well-positioned to achieve its expansion and service excellence goals.