Self Storage Plus Expands Management in Virginia

 Self Storage Plus, a regional leader in the storage industry, is pleased to announce their newest management assignment located at 5321 Shawnee Road, Alexandria, VA 22312. Formerly managed by a national REIT, this three-level facility marks their 26th facility in Virginia and adds to their growing brand presence.

The Shawnee Road facility is located in Fairfax County just off Edsall Road and Interstate 395. This facility serves Alexandria residents near Lincolnia, Springfield, North Springfield, Annandale, Franconia, Rose Hill, Bailey’s Crossroads, and more.

The multi-level 81,312 square foot facility with 808 units has climate-controlled, elevator access, & drive-up units ranging from 5’ x 5’ units to 10’ x 30’ units. Other features include a fully gated facility with video recording, as well as an on-site office.

“We are excited to expand our third party management by adding another high quality asset in the Northern Virginia market,” said Jennifer Martinez, Director of Operations at Self Storage Plus Management.

Self Storage Plus lives by its PLUS promise, “We are Professional problem solvers, we Love our jobs, we exemplify Unrelenting excellence and deliver Sincere service.” Their online rental and payment system, along with their 365-day unit access allows their customers Room to Pursue Life®.

For more information about Self Storage Plus, or to rent or reserve your unit online, visit www.selfstorageplus.com.

About Self Storage Plus: Self Storage Plus is proud to serve the storage needs of our local communities throughout the Washington-Baltimore and Southeastern Region. Our mission is to give our customers Room to Pursue Life®.

Self Storage Plus

Julia Lutsenko

(202)624-3241

www.SelfStoragePlus.com

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Categories

  • Real Estate

Battery Storage to Lead India’s Effort Towards Net-Zero Trajectory Over the Next Decade: Praxis Report

 Stationary storage within Battery Enabled Storage Systems (BESS) would witness significant growth over the next 10 years and Lithium-ion technology will lead this growth. This will be due to declining battery prices at 6 percent CAGR between 2018-2030 ushering India towards a net-zero trajectory, according to a recent report by Praxis Global Alliance, a global management consulting and advisory firm based in India.

India will lead the battery storage market and contribute 35 percent of the total global battery deployment for energy storage by 2040 as per IEA, while Indian stationary storage requirement is expected to grow 9X at a CAGR of 22 percent during the forecast period of FY22-32 as per a report by India Smart Grid Forum. The key factors driving this growth are robust solar energy generation targets and end-user demand towards green energy transition would propel the Indian Stationary Storage market over the next 10 years.

The Lithium-ion technology is projected to lead the Indian battery energy storage systems market by 2030 due to a decline in battery prices for both lithium iron phosphate battery (LFP) and Lithium, Nickel, Cobalt, and Manganese (NCM) batteries, the two most common lithium-ion battery technologies used and in turn provide better cost economics.

The overall decline in battery prices for LFP batteries is expected to be at about US$ 80 per kWh and NCM would be at about US$ 100 per kWh by the end of the decade. Further, the total cost of ownership (TCO) is expected to almost halve from current levels for both Lithium-ion battery technologies.

The cost economics of solar power and battery storage on account of the falling prices will result in the LFP batteries’ tariff for electricity to range between INR 7.0 – INR 7.7 i.e. US$ 0.09 – US$ 0.10 per unit by 2030, while NCM batteries tariffs are expected to range between INR 7.8 – INR 8.7 i.e.US$ 0.10 – US$ 0.12 per unit by 2030 from their current rates.

In this report, Praxis experts also looked at the electricity storage technologies used globally and the application of BESS and suggested that both utility-scale and end-consumer models exist globally for battery storage which can be replicated in India as battery prices further decline. The use case for commercial and industrial category end consumers to replace Diesel Gensets is already available today.

Aryaman Tandon, Managing Partner and Co-Founder, Praxis Global Alliance during the launch of the report said, “Battery storage would lead India’s march towards net-zero targets in this decade, with global battery prices declining significantly. This improving economics with a declining total cost of ownership (TCO) and favorable Government policies will result in increasing battery storage manufacturing and adoption in India.”

Savio Monteiro, Senior Vice President, Energy, Oil & Gas and Utilities, Praxis Global Alliance said, “The decline in Lithium-ion battery storage prices over the next few years would make green energy affordable at both residential, commercial & industrial levels as well as at grid level and has the potential to replace fossil fuels significantly. We would witness increasing use cases and newer business models evolving as the overall battery storage cost declines over the next 10 years.”

Governments globally are evolving their energy storage policies to support the industry and alternate energy usage for climate and sustainability; India is advancing towards further development and support on energy storage to support the needs of the future. Adequate requirement of incentives to offset higher manufacturing costs and reduced reliance on imports of raw materials are some of the entryways for the growth of advanced BESS.

Arising from these proactive efforts, the Performance-Linked Incentive (PLI) scheme was launched by the Indian Government to boost battery manufacturing expertise and scale domestic production, which is a positive step to build a durable economic advantage in this key sector.

About Praxis: Praxis Global Alliance is the next-gen management consulting and business research services firm revolutionizing the way consulting projects are delivered. It delivers practical solutions to the toughest business problems by uniquely combining domain practitioner expertise, AI-led research approaches, and digital technologies. The company operates four business units including Praxis Global Alliance Financial Investor Group (FIG) offering pre-deal support, commercial due diligence, post-acquisition value creation, Praxis Global Alliance Business Enablement and Transformation (BET) for practitioner-led business advisory and consulting, PGA Labs focused on technology-led business and market research and tools, and PraxDigital™ delivering data engineering and analytics, AI, OpenData and visualization solutions to clients across verticals. Present in 4 locations in India, Praxis Global Alliance works with C-suite to the front-line executives across business streams helping them with end-to-end business enablement, organizational transformation, and revenue maximization support in an agile environment. 

For more details please visit: http://www.praxisga.com/

Please visit our website to download the report copy

Praxis Global Alliance

Diksha Bhutani

935-413-7148

www.praxisga.com

Tower 1A, DLF Corporate Park, 204, Second floor, Block 1, Sector 24, Gurugram, Haryana 122002

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Categories

  • Alternative Energy

Dominus Commercial Self Storage Team & Argus Broker Affiliates Chad Snyder and Tyler Trahant Transact 7 Self Storage Facilities in Q2

 The Argus Self Storage Advisors North Texas Team, Chad Snyder and Tyler Trahant of Dominus Commercial, have successfully worked with buyers and owners in completing the purchase and sale of 7 different self storage facility transactions in Q2 of 2021, bringing their half year total to 11 transactions. Chad and Tyler have both added value to ownership in valuation of their facilities in ensuring their facility transacts competitively in the market, as well as procuring facilities for buyers in the pursuit of both on and off market transactions.

Ennis Self Storage is a total 46,000 SF in two facilities near I-45 and Hwy 287 that the team sold, highlighting its value-add potential through unit expansion as well as its strong occupancy.

South Collins Self Storage, built only last year, sold as a Storage and Boat/RV mix. The 129,000 SF facility at 4500 S. Collins Street gained quick leasing activity through the first four months of leasing. Chad and Tyler represented the owner of this investment sale.

PriceRite Storage, a five-property portfolio facility in Johnson and Parker Counties, transacted off-market with Snyder and Trahant representing the buyer.

Bridgeport Mini Warehouses is a storage facility with a warehouse and shipping containers. The teams valuation and eventual sale highlighted the different asset mix, as well as an expansion opportunity on the adjacent land. The facility is just south of Bridgeport off Highway 114.

Twin City Storage, in Nash TX, was sold by Snyder-Trahant. The team also assisted the buyer in marketing its below replacement cost pricing, and saw the opportunity to increase rental rates in comparison to its competitors. Twin City is 24,000 SF of storage space consisting of 172 units.

Just Store It is a 48,000 SF facility in Wichita Falls, TX that closed in an off-market transaction to a national storage operator. This North Texas Argus Team procured the buyer for the deal.

AAA Storage is a 30,000 SF storage facility and retail center located off Hwy 377 in Granbury, Texas is another transaction in which this Argus Team brought the buyer to the transaction, an established operator in the market who gained economies of scale with the purchase of AAA Storage.

If you have an interest in discussing what market pricing would look like for your facility, contact Snyder and Trahant for a Broker’s Opinion of Price (BPO). Let them share their expertise and provide you a competitive advantage on your property/investment and how it fares in today’s market.

Chad and Tyler are the Argus Self Storage Advisor broker affiliates covering North Texas. They can be reached at 817-242-2361. Based in Denver, Colorado, Argus Self Storage Advisors was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, Argus has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self-storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.

Argus Self Storage Advisors

Amy Hitchingham

800-557-8673

www.argus-selfstorage.com

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Categories

  • Commercial Real Estate

CITIC Telecom CPC Launches SmartCLOUD Object Storage Solution Based on Cloudian Object Storage Platform

CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK:1883), and Cloudian today announced that CITIC Telecom CPC is introducing SmartCLOUD(TM) Object Storage solution based on Cloudian’s HyperStore object storage platform. The offering, which will be part of CITIC Telecom CPC’s SmartCLOUD(TM) solutions portfolio, includes backup with ransomware protection, archiving and big data management. As a VMware Cloud Provider Principal Partner with VMware Cloud Verified status, CITIC Telecom CPC’s SmartCLOUD(TM) Object Storage solution further extends the array of service offerings running on a VMware-managed environment. CITIC Telecom CPC’s customers will also benefit from Cloudian’s limitlessly scalability, industry-leading security and cost effectiveness.

Enterprises face a growing challenge of efficiently storing and managing large volumes of unstructured data, including video and other multimedia content. At the same time, as data has become an increasingly strategic asset, it is also increasingly vulnerable to ransomware and other cyber attacks. As a result, CITIC Telecom CPC turned to Cloudian – via the VMware Cloud Provider Program – to provide a robust, modern storage foundation that would enable the company to continue delivering value-added services that address its customers’ evolving data protection and management needs, including meeting various regulatory and compliance requirements.

CITIC Telecom CPC’s SmartCLOUD(TM) Object Storage solution includes:

Ultra-secure data protection
– Offsite data backup with Object Lock for ransomware protection that creates an immutable data copy for fast, easy recovery of data in the event of an attack.
Data archive for compliance needs
– Addresses customers’ regulatory and compliance requirements, including audits, with the ability to make data unchangeable for a set period of time.
Seamless accessibility
– Customers gain multi-cloud accessibility to datasets running on S3-based applications for greater convenience with lower overhead.
Scalable big data management
– Provides highly scalable, cost-effective storage for large datasets, with advanced metadata that facilitates artificial intelligence, machine learning and other analytics applications.
Great variety of connectivity options
– Supports connection with Internet, VPN (such as MPLS), point-to-point leased line and cross-connection within the same datacenter and SmartCLOUD(TM) Cloud Services Centers.
Simple billing model
– Basically only includes storage and data transfer out; API call for data access is free of charge.

In addition to limitless scalability, benefits of Cloudian’s award-winning HyperStore object storage include:

Fully native S3 compatibility
– Ensures seamless integration with the expanding ecosystem of S3-based applications.
Advanced security
– Including Object Lock-based data immutability, secure shell, RBAC/IAM access controls, AES-256 server-side encryption for data at rest and SSL for data in transit, as well as certification with the most rigorous international security requirements.
Multi-tenancy
– Supports for secure, self-managed storage within a shared platform.
Geo-distribution
– Easy to manage storage across multiple locations, all from a single pane of glass.

“After considering various object storage solutions, we selected Cloudian for its rich feature set-particularly its geo-distribution, multi-tenancy and security-and its seamless integration with VMware,” said Taylor Lam, Senior Vice President, Product Development & Management at CITIC Telecom CPC. “With the rising regulatory and compliance stringency on data management, we’re excited about the new SmartCLOUD(TM) Object Storage solution for delivering a cost-effective storage service with enhanced data protection and management to our customers.”

“CITIC Telecom CPC has been at the forefront in enabling enterprises to leverage new technologies to drive greater competitive advantage, strategic agility, and faster time to market,” said Brian Burns, Vice President, Asia Pacific, at Cloudian. “We look forward to helping CITIC Telecom CPC continue to deliver on this strong customer commitment and further grow its business.”

About CITIC Telecom CPC

We are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

As a leading Global Local ICT Solutions Partner with worldwide footprint across East to West and native presence, we truly live our motto, “Innovation Never Stops.” Being a preferred Digital Society Enabler, we lead our key markets at the forefront of pioneering ICT development, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into real-world value for our customers, helping them achieve higher productivity, agility, cost-efficiency, and ultimately, Digital Globalization.

As one of the first managed service providers in Hong Kong to achieve ISO 9001, 14001, 20000, 27001, and 27017 ICT-related certifications, CITIC Telecom CPC delivers on our superior quality commitment through a broad global self-managed infrastructure encompassing some of the highest growth markets in Asia, Europe and Africa, with over 160 points of presence, 18 Cloud service centers, 30+ data centers, and two dedicated 24×7 Security Operations Centers.

For more information please visit www.citictel-cpc.com.

About Cloudian

Cloudian is the most widely deployed independent provider of object storage systems, with the industry’s most advanced S3 compatibility and an extensive partnership ecosystem. Its award-winning flagship solution, HyperStore, provides limitless scalability and cloud-like technology, flexibility, and economics in the data center. Cloudian’s global data fabric architecture enables enterprises to store, find and protect object and file data seamlessly across sites, both on-premises and in public clouds, within a single, unified platform. Learn more at cloudian.com.