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Wednesday, September 22, 2021
You are here : About SSA  >  SSA News

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What SSA Has Done for You Lately: A Mid-Year Legal & Legislative Report
During this year of turmoil, the SSA has been busy advocating for, protecting, and educating owners and operators.
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| Categories: | Tags: Legislative update, Pandemic update, Legal, State updates, Local updates, Covid | View Count: (917)
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SSA Fall Conference Announcement

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Leading Self Storage Executives, Navy SEAL and Astronaut Among Those Helping SSA Celebrate 45 YearsOnline Fall Conference Set for September 8-11The Self Storage Association announced today that it will celebrate its 45th Anniversary this year virtually, with an incomparable lineup of industry expertise, executive participation and compelling talent.Due to the continued uncertainty involved in travel and gathering, the SSA Board of Directors has decided that the event will not take place in Las V...
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 How Storage is Weathering the Pandemic and Recession Self storage proved itself to be recession-proof during the financial crisis of 2008. Now the question is whether it can fare equally well during a pandemic.May would have typically been the middle of prime leasing season as families tackle spring cleaning, purchase and store recreational equipment for the summer, and college students stash refrigerators and furniture until next semester.This year is quite different for the industry...
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  Coronavirus & Price Restrictions  Once a state of emergency is declared, many states have price restrictions, commonly referred to as price gouging laws, that take effect. Although these laws differ, they generally put a cap on raising prices for certain goods and services above a certain percentage from the amount charged immediately preceding the declaration, subject to certain narrow exceptions. Some of these laws are clearly applicable to self storage, some clearly ...
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| Categories: | Tags: rents, coronavirus, price restrictions, legal | View Count: (2147)
 Another round of funding offers hope for struggling self storage owners By Laura Williams-Tracy, SSA Magazine Self storage operators who missed out on the first round of funding intended to help small business survive the COVID-19 pandemic have another shot – but it will go fast. Today, President Trump signed into law another $484 billion relief bill. This second round of funding includes $370 billion for low interest and forgivable loans through the wildly popular but...
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| Categories: | Tags: small business loans, CARES Act, Loans, Funding | View Count: (1214)
 Expanded Leave Law to Affect Self Storage OperatorsIn mid-March, Congress passed and the President signed legislation to provide many employees with expanded paid family and medical leave in response to the COVID-19 pandemic. The Families First Coronavirus Response Act (the “Act”) will take effect on April 1, 2020. The Act will have a significant effect on self storage businesses and their employees. Read on to learn how the Act will affect you.You can find a full set of FAQs f...
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A message to Self Storage Association Vendor Members and Industry Suppliers
April 6, 2020  The enterprises that gather under the Self Storage Association’s umbrella have each faced unique challenges over the past few weeks; we understand that all of you have experienced disruptions on a previously unforeseen scale.  We appreciate particularly that without the technical advancements many vendors have engineered over the past two decades, today’s business continuity would be severely compromised.  You are the innovators that have inspi...
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 How the Self Storage Industry Can Benefit from the CARES Act By Laura Williams-Tracy, SSA Magazine Amid a global pandemic that is rapidly halting economic growth and threatening a double-digit unemployment rate, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act in late March. The CARES Act will provide nearly $2 trillion in emergency relief to blunt expected monumental losses to people and businesses in the wake of the pandemic. It is unknown what...
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| Categories: | Tags: CARES Act, Coronavirus Aid, SBA Loans, Paycheck Protection Program | View Count: (3000)
SSA Advocacy Plays Critical Role in Industry's COVID-19 Response
SSA Advocacy Plays Critical Role in Industry's COVID-19 ResponseNo element is more important to the Self Storage Association's mission than promoting the industry's vital role within our culture, including the critical supply chain, distribution and transitional needs of our communities. No element is more unique to the SSA's mission than the advocacy work we perform on behalf of the sector, which encourages fair treatment of the industry in the public arena. "The self ...
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| Categories: | Tags: News, SSA, Operations, Emergency, Business | View Count: (1277)
Self storage capital markets that were humming along nicely a mere three weeks ago face a sudden break as the coronavirus pandemic rattles investors, delays closings, upends debt markets and puts optimism on hold for those trying to lease up new facilities.
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| Categories: | Tags: Finance, CMBS, Loans, Capital Markets, Debt, Recession | View Count: (1554)
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