Closetbox Inc., a startup business specializing in valet self-storage services, has raised more than $5 million from 16 investors in exchange for company equity, according to a filing with the Securities and Exchange Commission. The April 12 filing by …
ISS News Desk: ezStorage Sues Rockville, MD, Over Self-Storage Zoning Issues
ezStorage, a self-storage operator with 45 facilities throughout Maryland and Virginia, has filed a lawsuit against the mayor and city council of Rockville, Md., over a recent zoning-text amendment. This News Desk takes a look at the case, in which the…
Pizzeria Owner to Develop 2 Mixed-Use Projects Offering Self-Storage in Charlotte, NC
Michael Adams, owner of Hawthorne’s New York Pizza & Bar, has partnered with real estate investment firm The Stewart Group to develop two mixed-use projects in Charlotte, N.C., that will feature more than 204,000 square feet of self-storage. …
ISS Collects Self-Storage Supplier Listings for 2016 Buyer’s Guide
Inside Self-Storage (ISS) is now collecting information for its 2016 Buyer’s Guide, the industry’s largest, most comprehensive directory of product and service suppliers. Containing hundreds of listings from the most respected self-storage vendor…
Self-Storage REIT CubeSmart Acquires Dies Ranch Storage in Cedar Park, TX
CubeSmart, a publicly traded self-storage real estate investment trust and third-party management firm, has acquired Dies Ranch Storage in Cedar Park, a suburb of Austin, Texas. The seller was Vision 360 Development, a Dallas-based architect and interi…
Self Storage Association Asia to Host Expo in Singapore, May 11-13
Self Storage Association Asia (SSAA) will host the Self Storage Expo Asia 2016 in Singapore, May 11-13. More than 225 current and future investors, managers, owners, and suppliers are expected to attend, according to an association press release.
Deciding Whether to Build or Buy a Self-Storage Facility
While lending is now available to investors looking to build or buy a self-storage facility, figuring out which is the best option requires careful scrutiny. This article looks at some inherent benefits to both paths and points out potential pitfalls.
…
Self-Storage REIT National Storage Affiliates Trust Buys Xpress Storage in Parrish, FL
National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has acquired Xpress Storage in Parrish, Fla., for $4.2 million. The 39,240-square-foot facility was built three years ago and was own…
Developer to Convert Former Grocery Store to Bearcat Self-Storage Facility in Delhi Township, OH
Cincinnati-based real estate development firm Dov Limited intends to convert the former Thriftway grocery store in the DelFair Shopping Center in Delhi Township, Ohio, to self-storage. The company acquired the 10-acre retail center last fall for $1.19 …
Developer to Convert Former Grocery Store to Bearcat Self-Storage Facility in Delhi Township, OH
Cincinnati-based real estate development firm Dov Limited intends to convert the former Thriftway grocery store in the DelFair Shopping Center in Delhi Township, Ohio, to self-storage. The company acquired the 10-acre retail center last fall for $1.19 …