Economic uncertainty has made self-storage a more permanent solution in people’s lives.
Atlanta, GA (PRWEB) September 23, 2011
NitNeil Partners is proud to announce its inclusion on the 2011 Inc. Magazine list of the 500|5000 Fastest‐Growing Private Companies in America for the second consecutive year. NitNeil Partners earned the rank of #34 on the prestigious Inc. 500|5000 list in the Real Estate Industry.
With revenue reaching $4.3 million at the end of 2010, NitNeil Partners experienced a 115% growth over the last three years. Much of the company's growth is attributed to its self-storage subsidiary, The Storage Neighbor.
NitNeil Partners continues to grow The Storage Neighbor brand through the acquisition of self-storage properties in high‐growth markets throughout the Southeast. Over the past four years, NitNeil Partners has tripled the size of its self-storage portfolio and has experienced a steady increase in physical occupancy and rent per square foot despite the economic downturn.
“The down economy has increased the demand for self-storage as many Americans are forced into transition,” said Neil Sapra, Principal of NitNeil Partners. “Furthermore, we have seen an increase in the average length of a rental suggesting that economic uncertainty has made self-storage a more permanent solution in people’s lives.”
ABOUT NITNEIL PARTNERS
NitNeil Partners is a regional investment firm that specializes in the acquisition, development and management of commercial real estate. With a conservative approach to growth that emphasizes long‐term capital appreciation over short-term profitability, NitNeil Partners boasts a steady stream of income and a lean, efficient organization. With 600,000 square feet of self-storage space currently under management, NitNeil Partners has emerged as an industry leader in the Southeast and is currently ranked as one of the country’s Top 100 Self-Storage Operators by Inside Self-storage.
More information on NitNeil Partners can be found at their website, nitneilpartners.com. For information regarding The Storage Neighbor, please visit storageneighbor.com.
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