Extra Space Storage Inc., a self-storage real estate investment trust (REIT) and third-party management firm, will offer 5.5 million shares of common stock in a public offering at $68.15 per share. The gross proceeds are expected to garner $374.8 milli…
Folsom Self Storage in CA Wins ‘Best of the Best’ Award From Local Newspaper
Folsom Self Storage in Folsom, Calif., was recently named “Best Storage Facility” in the 2015 “Best of the Best” reader-choice poll sponsored by local newspaper “The Folsom Telegraph.” The annual survey asks readers …
Extra Space Acquires SmartStop Self Storage for $1.4B
Update 10/1/15 – Extra Space Storage has completed its acquisition of SmartStop Self Storage following approval of the deal on Tuesday by SmartStop shareholders, who received $13.75 per share in cash, representing the total purchase price of $1.4…
Live From the 2015 ISS Expo: Dean Jernigan Discusses the Self-Storage Finance Market
In this video, filmed at the 2015 Inside Self-Storage World Expo, Dean Jernigan, president and CEO of Jernigan Capital, talks about the self-storage finance market. He offers insight on why it’s a great time to invest, the different types of loan…
‘The Box’ Paves the Way for Self-Storage in the United Arab Emirates
Ten years ago, self-storage in the Middle East was little more than a side industry consisting of warehouses renting out excess space. Today, The Box, one of the region’s first facility operators, is helping to pave the way for modern, customer-f…
‘The Box’ Paves the Way for Self-Storage in the United Arab Emirates
Ten years ago, self-storage in the Middle East was little more than a side industry consisting of warehouses renting out excess space. Today, The Box, one of the region’s first facility operators, is helping to pave the way for modern, customer-f…
Self-Storage REIT Public Storage Buys High Point Storage in League City, TX
Public Storage Inc., a self-storage real estate investment trust, has acquired High Point Storage in League City, Texas, its second purchase in the Houston suburb in recent months. The facility at 1250 W. League City Parkway is on 9 acres and contains …
Self-Storage Operator Mayflower Properties Buys Dot Mini Storage in Coon Rapids, MN
Mayflower Properties LLC, a Minnesota-based self-storage operator, has acquired Dot Mini Storage in Coon Rapids, Minn., for $2 million. The property at 9900 Vale St. N.W. comprises 40,000 square feet in 240 storage units. The facility was built in 1984…
Maximizing Your Sales Program | DVD & Workbook Combo
In this powerful training session, you’ll discover better ways to educate customers about storage, set yourself apart from competition, generate more leads, become the market price leader, and rent more units.
Preventing Dumpster Divers From Targeting Your Self-Storage Facility
People who dive into dumpsters can cause all kinds of trouble for a self-storage operation. Here’s how to ensure your facility isn’t a target for these trash/treasure seekers.