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ASM Acquisition Partners Purchase Self Storage Facility

Posted: 12/14/2018
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ASM Acquisition Partners, an affiliate to Absolute Storage Management, Inc. , purchased Storage Plus of Ponchatoula in Ponchatoula, Louisiana for an undisclosed price. The transaction closed on November 8, 2018. The property consists of 48,000 square feet of self storage and several acres of expansion land. Storage Plus of Ponchatoula is undergoing a rebranding campaign to Ponchatoula Storage. Ponchatoula Storage provides both interior and exterior, which offers climate and non-climate controlled storage units. The highly advanced security system and completely gated location provide another level of protection for customers of Ponchatoula Storage.

Ponchatoula Storage services the growing neighborhoods of Lakin Ridge, West Oaks, Belle Foret and Emerald Gardens. Nearby businesses such as Green Thumb Nursery and Hickory Animal Hospital, will benefit from the new management of Ponchatoula Storage which brought in advancements in document storage and package acceptance.

“This is a well-located asset in a growing community with several acres of land for expansion. We plan to add both climate control and non-climate control units next year.” said Michael Haugh, Managing Member of ASM Acquisition Partners.

Absolute Storage Management

Absolute Storage Management (ASM) is one of the largest private, third-party self-storage management company in the United States. Founded in 2002, ASM holds its headquarters in Memphis, TN with regional offices in Atlanta, GA; Charlotte, NC; Nashville, TN; and Jackson, MS. The company operates 100 properties in Alabama, Arkansas, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, South Carolina and Tennessee.

For further information and news about Absolute Storage Management, please go to the ASM website at AbsoluteMgmt.com or contact Jasmin Jones at Jasmin.Jones@AbsoluteMgmt.com or call her at 678-779-1978.

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