Extra Space Storage Adds 1,000 Additional Facilities to OpenTech Auction Review Service to Uphold Auction Process Standards Following 50% Overnight Portfolio Growth
In 2023, the OpenTech Auction Review Service program reviewed lien files for 1,800+ Extra Space Self Storage locations to prevent wrongful lien sales and legal disputes in their online storage auctions on StorageTreasures.com. This was a helpful boon in the REIT’s operations after it grew 1,000 facilities overnight in a recent merger.
OpenTech Alliance Launches Online Storage Auction App for StorageTreasures Bidders
The new StorageTreasures online storage auction app for bidders promises to engage and streamline the online auction experience for storage auction buyers and drive higher lien recovery for operators. The app includes new features for the platform to engage bidders and increase auction participation, such as real-time notifications and enhanced mobile searching.
How Metro Self Storage Uses Online Storage Auctions & Review Services
StorageTreasures, LLC expanded their relationship with Metro Storage LLC (dba Metro Self Storage) to refine and reduce risk at every stage of the lien sale process. The veteran company has conducted auctions online since 2015 and leveraged an auction review service to minimize lien sale liability for nearly 10 years.
