- November 23, 2015
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SVN Canada Inc Announces Strategic Alliance on Self Storage
BURLINGTON, ON – October 15, 2015: SVN Rock Advisors Inc., is pleased to announce that it has just formed a Strategic Alliance with Nick Malagisi, SIOR & National Council Chair of Self Storage for Sperry Van Ness Commercial Realty, to begin offering consulting, feasibility studies, & brokerage services throughout the Province of Ontario.
Mr. Malagisi is Managing Director of the Buffalo Sperry Van Ness office and is quite familiar with the Ontario market, as he was the real estate representative for Public Storage Canada during their expansion years in the 1980’s. Mr. Malagisi was responsible for the development of several new projects, including those in Scarborough, Mississauga, and Eastern Ave. in downtown Toronto.
“He’s a 35-year veteran of the industry,” says Derek Lobo, CEO of SVN Rock Advisors Inc., “He’s made self-storage his career. He was first hired by the industry leader and has seen it evolve into the billion dollar industry that it is today.”
“This is an effective use of property, and it’s a recession resistant industry,” says Malagisi. “It fulfills the needs of so many people, from growing families, military personnel, as well as businesses and recreation users. The industry as a whole came out of the 2008 recession faster than any other real estate sector, save for apartments.”
Lobo and Malagisi note that the alliance makes sense, given the similarities between the multi-family and self-storage sectors. “Self-Storage is an emerging asset class with many institutional investors,” says Lobo. “We intend to canvas SVN Rock Advisors
Inc.’s extensive database of multi-family investors/developers to see which of our clients are already in the self-storage business, either in Canada or the USA, or which ones may have excess land that could be developed into a self-storage facility.”
“The American public, over the years, has found ways to use storage that the original developers of self-storage never envisioned,” Malagisi adds. “We find people living in apartments using self-storage to rotate out their recreation equipment. We find college students using this to store their possessions between semesters, and seniors turning to self-storage to help them empty their nest. The range of people and age groups covers most of the segments of life, and the link with multi family apartments is obvious.
The new strategic alliance will be a Canadian endeavor. Mr. Malagisi will be working with Adam Dearborn on the SVN Rock Advisors Inc. Team to facilitate its consulting and brokerage business.
“We’ll be attending and exhibiting at the upcoming annual Canadian Self Storage Conference and Trade Show, November 11and 12, in the Metro Toronto Convention Centre,” says Malagisi. “This will be a great opportunity to show the alliance at work, and to let everybody know about the opportunities that exist in the field of self-storage.”
For more information about the SVN Rock Advisors Inc., or the Canadian Self Storage Conference and Trade Show, please call 905-331-5700 and ask for Adam Dearborn.
About Sperry Van Ness International Corporation
Sperry Van Ness International Corporation (SVNIC), a commercial real estate brokerage franchisor headquartered in Boston, MA, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 190 locations serving 500 markets, Sperry Van Ness Commercial Real Estate Advisors provide sales, leasing, and property management services to over 6,000 clients worldwide. SVN® Advisors also represent clients in auction services, charter schools, corporate real estate, distressed properties, golf & resort, hospitality, industrial, investment services, land, medical, multifamily, office, retail, self-storage and single tenant investments .All Sperry Van Ness® offices are independently owned and operated. For more information, visit, http://www.sperryvanness .ca.