Banner Storage Group LLC, a subsidiary of Banner Apartments LLC, which buys, builds, finances and sells self-storage properties, has proposed a self-storage development that would replace a vacant lot at the northeast corner of 111th Street and Harding…
Self-Storage Digital-Marketing Firm G5 Raises $76M Investment Led by PeakEquity Partners
G5, the provider of Digital Experience Management (DXM) software and services to the self-storage industry, recently raised $76 million in a recapitalization led by PeakEquity Partners, a private-equity firm specializing in enterprise-software investme…
Self-Storage Digital-Marketing Firm G5 Raises $76M Investment Led by PeakEquity Partners
G5, the provider of Digital Experience Management (DXM) software and services to the self-storage industry, recently raised $76 million in a recapitalization led by PeakEquity Partners, a private-equity firm specializing in enterprise-software investme…
Self-Storage Operator Seeks Rezoning for Facility on 8 Mile Road in Wayne, MI
Bill Davis, owner of Livonia Storage Units, has requested a rezoning for a parcel of land on 8 Mile Road in Wayne, Mich., to build a new self-storage facility. City officials are reviewing the storage proposal for 28153 8 Mile, just west of the Grand R…
Building Sale Prompts Self-Storage Tenant Evictions at Town Storage in Portland, OR
Business and residential tenants at Towne Storage in Portland, Ore., have been served eviction notices to vacate the self-storage property at 17 S.E. 3rd Ave. by the end of October. The aging building was recently purchased by a California-based invest…
Self-Storage REIT Extra Space Storage Launches $500M Private Offering of Exchangeable Senior Notes
Extra Space Storage LP, an operating-partnership subsidiary of self-storage real estate investment trust (REIT) Extra Space Storage Inc., has launched a private placement of $500 million of its 3.125 percent exchangeable senior notes due in 2035. Purch…
North Bay Self Storage in Petaluma, CA, Collects Donations for Wildfire Victims
North Bay Self Storage in Petaluma, Calif., is acting as a donation drop-off to assist those affected by California’s current wildfire. Property manager Sara Caudill came up with idea after reading about the fire on Facebook.
North Bay Self Storage in Petaluma, CA, Collects Donations for Wildfire Victims
North Bay Self Storage in Petaluma, Calif., is acting as a donation drop-off to assist those affected by California’s current wildfire. Property manager Sara Caudill came up with idea after reading about the fire on Facebook.
National Storage REIT to Enter New Zealand Self-Storage Market With Hamilton Acquisition
Australian self-storage operator National Storage REIT (NSR) has agreed to purchase a self-storage facility in Hamilton, New Zealand, its first in the country, for $7.4 million. The transaction is expected to close in October, according to a company pr…
Exit Strategies for Self-Storage Owners: Considering Your Options
The self-storage industry has benefited tremendously over the past several years. Now could be a facility’s owner’s opportune time to sell, or at the very least, begin to review his exit strategy. Here are three options to consider.