The Self Storage Association (SSA) is a not-for-profit tax-exempt organization formed in 1975 under Section 501-c-6 of the Internal Revenue Code. For more than 37 years the Association has served as the official trade organization and voice of the U.S. and international self storage industry.
The SSA is the registered lobbying entity representing the U.S. industry’s more than 49,000 facilities before the U.S. Congress and federal departments and agencies. The association is also quite active in representation of the industry before state legislative and regulatory bodies. The Association has spent more than $2.6 million in the last three years modernizing 18 state lien laws, as well as adding tenant insurance and reasonable late fees, dealing with abandoned records and vehicles and fighting the imposition of sales taxes on self storage rents in a dozen other states. The
respective state lien laws govern the operation of self storage facilities and the customer relationship. Many of these laws were written 25-35 years ago as the industry emerged. Outdated legal language is many laws is cumbersome in the light of state-of-the-art communications – such as the Internet, smart phones, email notifications, etc. Therefore, the SSA and its state affiliates are working diligently to revise and modernize these lien law statues.
The national SSA is formally affiliated with 32 state and regional associations within the United States and another five international organizations representing another 12,000 self storage facilities situated in Europe, Asia, Australia, Canada, Latin America, South America and Japan. We are also working with the self storage industry in China.
The self storage industry in the United States generated more than $22 billion in annual U.S. revenues (2011). The industry has been the fastest growing segment of the commercial real estate industry over the last 35 years and has been considered by Wall Street analysts to be “recession resistant” based on its performance since the economic recession of September, 2008. The industry pays more than $3 billion each year in local and state property taxes.
There are five public corporations operating in the industry: Public Storage, Extra Space Storage, CubeSmart, Sovran Self Storage and U-Haul International. The industry has hundreds of mid-sized companies operating chains of from 3-100 stores; the vast majority of owner-operators (72% of all companies) in the industry own and operate 1-2 facilities.
The SSA is governed by an elected Board of Directors including seats for the President & CEO and the General Counsel. The Board meets at least three times each year and the Executive Committee meets more frequently, as needed. The Association has a staff of 10 professionals headquartered in Alexandria, Virginia. The annual budget of the Association is in the $5 million range.
The Association has several areas of core competency: Collecting and disseminating industry data, advocacy and lobbying at the federal, state and local levels, conducting conventions, trade shows and educational seminars/webinars, issuing periodic membership communications and publishing a monthly magazine (SSA Globe with a circulation of 15,000+), conducting executive education and employee training programs, developing research, maintaining an internationally utilized web site and maintaining relations with 37 other industry associations, as well as publishing books, manuals and various
industry studies, providing legal education and information.
SSA membership comprises nearly 6,000 corporations that own, operate and/or manage some 22,000 self storage facilities in the U.S. and internationally. The Association conducts three national meetings per year – a Spring Convention & trade show, a Fall Convention & trade show and an annual Winter Executive Ski Workshop – please see our SSA Web site for locations and dates. The SSA Globe magazine is distributed monthly to more than 15,000 industry leaders and a weekly electronic newsletter is disseminated to SSA members. The Self Storage Legal Review is published 6
times each year.
Lastly, a recent survey indicated that 95.4 percent of current self storage owner-operator members would heartily recommend membership in the SSA to their market competitors.
The SSA has several subsidiary organizations:
The above facts are merely a light sampling of industry data available. Much more detail may be gained by reviewing the above SSA studies. Copies of these studies are available for sale in SSA's www.selfstorage.org (see Online Store- Publications).