CubeSmart, a publicly traded self-storage real estate investment trust (REIT), will issue a public offering of $250 million of 4 percent senior unsecured notes due Nov. 15, 2025, through its operating partnership CubeSmart LP. The notes were priced at …
Morningstar’s Blue Doors Storage Fund II Acquires Self-Storage Facility in Alabaster, AL
Morningstar Properties LLC, which operates self-storage facilities under the Morningstar Mini-Storage brand, has acquired CoolBox Private Storage in Alabaster, Ala., under its proprietary investment vehicle, Blue Doors Storage Fund II. Branded Mornings…
Australian Self-Storage Operator National Storage REIT Sponsors Brisbane Broncos Rugby Team
Australian self-storage operator National Storage REIT (NSR) has signed on to be the premier sponsor for the Brisbane Broncos national rugby team in 2016. The sponsorship, which was launched at the Broncos’ headquarters today, includes featuring NSR&rs…
Valet Self-Storage Startup SpaceBox Sponsors TEDx Table Mountain Event Group
SpaceBox, a South Africa-based valet-storage startup launched as a division of XtraSpace Self Storage, recently became a sponsor for TEDx Table Mountain, an independent event business that hosts local talks designed under the TED Talk model. TED is a n…
UK Self-Storage Company Lok’nStore Reports Preliminary Financial Results for Fiscal 2015
U.K. self-storage company Lok’nStore Group PLC has reported record earnings based on preliminary figures for its 2015 fiscal year, which ended July 31. The company reported a 10.9 percent increase in group revenue, and pretax profit reached £2.65…
Self-Storage Finance Firm The BSC Group Hires Senior Credit Analyst
The BSC Group LLC, a commercial real estate mortgage brokerage and advisory firm specializing in the self-storage industry, has hired Adam Karnes as a senior credit analyst at the company’s Chicago headquarters. Karnes will be responsible for ass…
Gallacher Development Purchases Reservoir Avenue Self Storage in Providence, RI
Gallacher Development LLC has purchased Reservoir Avenue Self-Storage in Providence, R.I., in an off-market transaction. The property at 54 Narragansett Ave. sits on 2.9 acres and encompasses approximately 35,000 rentable square feet of storage space i…
ISS News Desk: Self-Storage Operators Host ‘Spooktacular’ Community Events
Self-storage operators are getting into the Halloween spirit by hosting a variety of spooky events in their communities. The scarefests will include haunted hallways, trick or treating, fortune tellers and even a singing pumpkin! Plus, learn about a ne…
Building Boat/RV Storage: Site Selection, Design, Types and More
There are many U.S. markets hungry for boat/RV storage. If you’re thinking about building a new boat/RV-storage facility or adding this service to your existing storage site, here are some things to consider.
Canadian Self-Storage Operator StorageVault Agrees to Buy 5 Properties for $19M
Update 11/23/15 – StorageVault Canada has signed formal purchase agreements to acquire five self-storage properties in Kamloops and Winnipeg. The combined purchase price for the assets is about $18.66 million. They comprise a total of approximate…