Precision Global Corporation Partners with CubeSmart to Manage Four Strategic Storage Facilities Across Texas
Brazosport Storage in Clute, TX
FM 1777 Storage in Royse City, TX
Lakehill Storage in Lakehills, TX
Tin Top Storage in Granbury, TX
As of Friday, July 25, 2025, CubeSmart officially assumes third-party management of all four properties.
This marks a significant milestone in PGC's expansion within the self-storage sector and reflects the company's focus on enhancing value through best-in-class operations and strategic partnerships.
'CubeSmart doesn't just manage storage—they redefine it,' said Brian Sullivan, President of Precision Global Corporation. 'Their leadership in this space is undeniable. By entrusting CubeSmart with these four facilities, we're elevating the customer experience while positioning each asset for sustained success.'
With more than two decades of experience and a reputation for operational excellence, CubeSmart is the third-largest owner and operator of self-storage facilities in the U.S., managing over 1,300 properties nationwide. Their systems, marketing infrastructure, and service-first culture make them the gold standard for facility owners looking to scale.
Under CubeSmart's management, tenants at all four Texas locations can expect elevated service, improved visibility, and enhanced operational performance through CubeSmart's proven model.
This partnership aligns with Precision Global's ongoing mission: to scale a national portfolio of self-storage and RV park assets by partnering with elite operators and creating long-term value for both customers and investors.
About Precision Global Corporation
Precision Global Corporation is a national private equity firm specializing in real estate investment and development. With a focus on high-growth, income-producing assets like self-storage and RV parks, PGC is known for its entrepreneurial spirit, disciplined execution, and strategic partnerships. The company is actively expanding its portfolio in markets with strong demographic and economic fundamentals. For more information, visit www.precisionglobalcorp.com.
About CubeSmart
Founded in 2004, CubeSmart is a publicly traded REIT and recognized industry leader in the self-storage sector. Managing over 1,300 facilities nationwide, CubeSmart offers expert third-party management, technology-driven solutions, and a customer-first culture that sets them apart as the go-to partner for facility owners across the U.S.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
3 hours ago
- Barnama
Value Store Operator Eco-Shop Posts Higher Earnings, Revenue In FY2025
BUSINESS KUALA LUMPUR, July 28 (Bernama) -- Eco-Shop Marketing Bhd recorded a net profit of RM204.32 million for its financial year ended May 31, 2025 (FY2025), from RM177.28 million a year earlier. The Johor-based dollar-store chain stated that the improved net profit was achieved despite higher operating costs arising from its expanded store network and the implementation of minimum wage policies. Revenue for the year also strengthened to RM2.79 billion against RM2.40 billion, underpinned by the net addition of 74 new stores during the financial year. 'Same-store sales growth (SSSG) recorded a marginal decline of 0.4 per cent, reflecting normalisation in consumer spending at mature outlets, partly attributed to product availability challenges,' the group said in a Bursa Malaysia filing today. The number of sales transactions increased 21.6 per cent to 114.8 million in FY2025. For the fourth quarter, the retailer recorded a net profit of RM49.41 million against RM63.27 million year-on-year. Revenue for the quarter, however, rose to RM688.98 million against RM640.67 million a year earlier, primarily driven by the continued expansion of the group's store network, with the net addition of 22 new stores in the quarter versus 19 in the fourth quarter of 2024. The total store count increased to 371 stores in the fourth quarter of 2025 from 297 in the fourth quarter of 2024. Meanwhile, the company declared an interim single-tier dividend of 1.0 sen per ordinary share or approximately RM57.5 million in respect of FY2025, to be paid on Aug 26, 2025. The entitlement date for the dividend falls on Aug 12, 2025. According to the filing, the number of sales transactions increased 12.4 per cent to 28.9 million in the fourth quarter of FY2025.
The Star
3 hours ago
- The Star
Interactive Brokers considers launching new stablecoin for customers
FILE PHOTO: Thomas Peterffy, chairman and founder of Interactive Brokers Group, Inc., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 7, 2023. REUTERS/Brendan McDermid/File photo NEW YORK (Reuters) -Interactive Brokers Group is considering launching a stablecoin for customers, joining a number of large financial firms that are betting big on the digital token boom as the U.S. eases regulations around the crypto industry. The deliberations come at a time when the underlying infrastructure of global financial markets is undergoing a once-in-a-generation transformation due to the proliferation of blockchain-based assets like stablecoins. In an interview with Reuters, Interactive Brokers' billionaire founder Thomas Peterffy said the company is working on potentially issuing stablecoins, but has yet to make a final decision on how that will be offered to customers. Interactive Brokers, which is one of the world's leading discount brokers with a market value of about $110 billion, currently has a partnership with crypto platform Paxos and is also an investor in crypto exchange Zero Hash. Through these tie-ups, Interactive Brokers offers trading in various cryptocurrencies to customers. The popular trading platform is now working on enabling instant, 24/7 stablecoin funding for brokerage accounts, as well as supporting asset transfers for commonly traded cryptocurrencies, said Peterffy, who also sounded a note of caution on the risks of rapid widespread adoption of crypto. "It's basically hard to grasp its fundamental value. If we see people adopting it and ascribing a value to it, I'm okay with that, but I'm still not convinced," said Peterffy. Among the options being considered, the Greenwich, Connecticut-based firm could allow customers to use stablecoins issued by other financial institutions to fund their accounts, depending upon the credibility of the issuer. Stablecoins are blockchain-based tokens acting as a proxy for an asset that allow people to move money across borders without interacting with the banking system. Critics have warned that this makes them useful for criminals who want to avoid banks' anti-money laundering checks. Online brokerage firm Robinhood recently launched a stablecoin pegged to the U.S. dollar called the Global Dollar Network through a consortium that included other crypto platforms like Kraken and Galaxy Digital. The Global Dollar Network is based around a stablecoin called USDG, which is issued by Paxos. Interactive Brokers, which last year launched a predictions market called ForecastEx that allows investors to buy "yes" or "no" contracts in response to questions, is one of the largest U.S. trading platforms with about 3.87 million customer accounts at the end of June, a jump of 32% from last year. Like other brokerages, Interactive Brokers has benefited from elevated levels of trading due to market volatility this year that was triggered by U.S. tariff policy. Its shares have surged about 47% since the start of the year, outperforming the S&P 500 Investment Banking & Brokerage index, which has risen roughly 20% during the same period. "We view the two innovations (prediction markets and crypto investments) as an effective hedge to any disruption in the firm's core equity, futures, and derivatives businesses," Morningstar analysts said in a note dated July 18. (Reporting by Anirban Sen in New York; Editing by Lisa Shumaker)
New Straits Times
3 hours ago
- New Straits Times
Value store operator Eco-Shop posts higher earnings, revenue in FY25
KUALA LUMPUR: Eco-Shop Marketing Bhd recorded a net profit of RM204.32 million for its financial year ended May 31, 2025 (FY2025), from RM177.28 million a year earlier. The Johor-based dollar-store chain stated that the improved net profit was achieved despite higher operating costs arising from its expanded store network and the implementation of minimum wage policies. Revenue for the year also strengthened to RM2.79 billion against RM2.40 billion, underpinned by the net addition of 74 new stores during the financial year. "Same-store sales growth (SSSG) recorded a marginal decline of 0.4 per cent, reflecting normalisation in consumer spending at mature outlets, partly attributed to product availability challenges," the group said in a Bursa Malaysia filing today. The number of sales transactions increased 21.6 per cent to 114.8 million in FY2025. For the fourth quarter, the retailer recorded a net profit of RM49.41 million against RM63.27 million year-on-year. Revenue for the quarter, however, rose to RM688.98 million against RM640.67 million a year earlier, primarily driven by the continued expansion of the group's store network, with the net addition of 22 new stores in the quarter versus 19 in the fourth quarter of 2024. The total store count increased to 371 stores in the fourth quarter of 2025 from 297 in the fourth quarter of 2024. Meanwhile, the company declared an interim single-tier dividend of 1.0 sen per ordinary share or approximately RM57.5 million in respect of FY2025, to be paid on Aug 26, 2025. The entitlement date for the dividend falls on Aug 12, 2025. According to the filing, the number of sales transactions increased 12.4 per cent to 28.9 million in the fourth quarter of FY2025. "The price increase was effected on April 14, 2025, which raised the selling price of Eco-Shop products to RM2.60 in Peninsular Malaysia and RM2.80 in East Malaysia, contributing to the group's revenue uplift," Eco-Shop said. The group said, as consumer preferences continue to shift toward affordability and convenience, Eco-Shop is well-positioned to scale further and increase its relevance nationwide. "We remain vigilant in managing inflationary and structural cost pressures, including higher electricity tariffs, the expanded Sales and Services Tax, and the 2.0 per cent EPF contribution for foreign workers. "We are strengthening our resilience through supply chain efficiencies, strategic pricing, productivity improvements, and close collaboration with our suppliers," it added. The group said that despite a setback in SSSG, its margins and performance are expected to remain healthy or continue to improve going forward. "Our store network expansion continues to be a key long-term strategy for deeper market penetration. We remain focused on delivering strong, sustainable financial performance over the long term," said Eco-Shop.
