Storage Investment Management LLC

Storage Investment Management LLC (SIMI), established in 1988 and based in New York, was a boutique-style self-storage management and consulting company operating primarily in the Northeast and Mid-Atlantic regions. Known for its hands-on, owner-centric approach, SIMI provided professional management services to property owners, emphasizing personalized attention from experienced principal owners. The company managed a portfolio of 20 properties, totaling 1 million square feet and over 8,700 units, catering to owners seeking to maximize asset value, retire while retaining cash flow, or address declining property performance. SIMI's operations focused on combining traditional management techniques with cutting-edge strategies to enhance profitability and value for clients. On January 1, 2025, SIMI was acquired by StoragePRO Management, a leading independent third-party property management company, marking the end of its independent operations and integrating its portfolio into StoragePRO's national network. Business/Product Breakdown SIMI offered comprehensive self-storage management services, including operational oversight, consulting, and strategic planning to optimize property performance. Its services were tailored to independent owners, providing hands-on management to address diverse needs such as retirement planning, financial recovery, or pursuing other interests. The company managed 20 properties across four states, delivering 1 million square feet of storage space and over 8,700 units, with a focus on maintaining accessibility to principal owners for client support. SIMI's approach blended "old school" focus - acting like owners in all matters - with modern strategies to drive profits and asset value. Revenue was generated through management fees charged to property owners, leveraging its boutique model to offer personalized service rather than large-scale operations. Following its acquisition by StoragePRO Management on January 1, 2025, SIMI's portfolio and client base were absorbed into StoragePRO's operations, enhancing the latter's national footprint with an additional $2 billion in managed assets and expanding its presence into 20 new cities and four states.