Union Realtime Launches Store-Level Occupancy Network
Union Realtime is excited to announce that it has partnered with Andover Properties to launch the network of store-level occupancy data on Union Realtime’s Radius platform. Andover Properties is leading the initiative by providing current and historical store-level monthly occupancy at all its Storage King USA facilities. We expect several other operators to join the network in the coming weeks to accelerate the breadth of the data set.
The network is designed to encourage participation by allowing users to view and analyze the occupancy data set only if they are also sharing. This opt-in structure provides the incentive to participate while at the same time preventing free riders.
“Occupancy data will help us and our competitors make informed decisions, which leads to better performance and higher revenues. Today is a major step in changing the industry for the better by providing the right incentives for operators like ourselves to share occupancy.”
Brian Cohen, president, Andover Properties
“There are a large number of industry leaders like Andover Properties that recognize the importance of sharing occupancy,” said Cory Sylvester, principal at Union Realtime. “By creating this opt-in network, we can now enable the sharing of occupancy data with other like-minded operators.”
Operators that would like to participate in the network should reach out to Cory Sylvester for on-boarding.
About Radius. Radius is the only market intelligence platform for the self storage industry that leverages the power of their community to source and validate information. With coverage across the United States, our users can run self storage feasibility and competitive analysis. For more information, visit https://radius.unionrealtime.com.
About Union Realtime. Union Realtime is a data and analytics company providing market intelligence solutions for the self storage industry. They specialize in site selection for acquisition & development, competitive rate and market trend analysis. For more information, visit https://www.unionrealtime.com.
About Andover Properties, LLC: Andover Properties is an investor, owner, operator and developer of real estate, based in Manhattan, New York. The firm acquires, develops and manages commercial, retail and self-storage facilities, primarily in the North and South East, with a focus on value-add properties and development. The firm is one of the 100 largest operators in the country. Andover’s investors and partners include global institutional real estate private equity funds and high net worth individuals.
Since inception in 2003, Andover Properties, LLC has owned self-storage assets valued at $350 million, totaling over 3.3 million rentable square feet and over 26,300 units. Currently the firm owns and manages 30 self-storage facilities in 9 states totaling 2.125 million rentable square feet and 15,150 units. Andover Properties, LLC manages and operates its facilities under the brand Storage King USA Self-Storage. For more information, visit: http://www.andoverprop.com/ and https://www.storagekingusa.com/
For more information, please reach out to:
Cory Sylvester
Principal
Union Realtime
cory@unionrealtime.com
(646) 883–9427
