StoragePRO Acquires Self-Storage Company SIMI

Posted by MSM on Dec 31, 2024, 10:00:19 AM

StoragePRO Management Inc., StoragePRO®, the nation's leading independent third-party property management company specializing in self storage, has announced that on January 1, 2025, it will acquire New York-based boutique storage management companyStorage Investment Management, Inc. (SIMI), expanding its national management footprint.

The acquisition of the SIMI portfolio of 20 managed properties across four states adds one million square feet and over 8,700 units to the StoragePRO Management portfolio, bringing the company's total managed assets to over $2 billion.

"I am honored to continue the great work and legacy of Charlie Fritts," said Steve Mirabito, President and Founder of StoragePRO Management. "With this acquisition, StoragePRO will provide SIMI clients with the advanced technology and systems to maximize the value of their assets. We are excited to build new partnerships throughout New England and the Mid-Atlantic States, and we look forward to helping owners achieve long-term success in this competitive market."

For independent owners seeking to maximize their self-storage investments, StoragePRO® offers a complimentary property performance analysis. Visit www.storagepromanagement.com to learn how StoragePRO® can help you achieve Total Property Performance™ or contact StoragePRO at Results@StoragePRO.com.