Steve Mellon is a Managing Director in the Houston office of JLL Capital Markets, Americas, and is the leader of the firm's national self storage group. He specializes in acquisitions and dispositions in the self storage asset class and has been involved in $2.0 billion in property sales and structured financing/equity placement.
His experience also includes performing valuation and value enhancement consulting assignments to help clients identify and boost their property values. Additional assignments include unit mix analysis, demographic and market analysis, and inspection and lock checks.
Prior to joining JLL in 2012, Steve was a Director of the National Self Storage Team at Grubb & Ellis. Prior to that, he was a Director at Holliday Fenoglio Fowler. He also was a Founder of Storage Investment Advisors and began his career at CB Richard Ellis, where he rose to the position of Senior Vice President.
He has been involved with numerous speaking engagements at national and regional self storage industry trade shows and contributes to national industry publications.
Steve Mellon, JLL’s Self Storage lead, said the concept has merit, and should ultimately benefit consumers. “Traditional storage has always been challenged by new models, which pushes for more amenities to the consumer,” he said.14 October 2021
“The good news for the Texas self-storage industry is that we’re still adding jobs and people,” says Steve Mellon, managing director of JLL’s national self-storage team. “So in my opinion, we should see rents turn the corner in a year or 18 months as more jobs create more housing, which creates more demand for storage.”14 October 2021
“We have fielded lots of interest over the last nine months from equity groups,” says Steve Mellon, managing director of capital markets for JLL Capital Markets, working in the firm’s Houston offices. New investors like these typically take six to nine months to educate themselves before they transact, he says. “We expect the third quarter and the fourth quarter of 2021 to be very active.”14 October 2021