Update 12/8/16 – Yavapai County supervisors appear to be favorable toward a zoning change that would allow a self-storage development in Granite Dells, but yesterday decided to continue the matter until they know for sure Prescott officials are a…
Global Self Storage Reports Third-Quarter and Nine-Month 2016 Results
Global Self Storage Inc., a self-storage real estate investment trust (REIT), has released its financial statement for the quarter that ended Sept. 30, 2016 as well as the first nine months of the year. During the third quarter, the company increased c…
Wasatch Storage Partners to Convert Warehouses to Self-Storage in White Bear Lake and Lake Elmo, MN
Wasatch Storage Partners (WSP), a Utah-based real estate investment firm specializing in self-storage acquisitions and development, has purchased two warehouses in Lake Elmo and White Bear Lake, Minn., which it plans to convert to self-storage. It&rsqu…
Tri-Village Self-Storage Touts Features, Amenities in Development Promo
In this video from Tri-Village Self Storage, the Columbus, Ohio-based operator showcases the features and amenities at its facilities, including classic-car and wine storage. The promotional spot also explains how the company uses design and business p…
Proposed Rezoning Would Allow Self-Storage on Residential Property Near Hailey, ID
The Hailey, Idaho, City Council yesterday voted to recommend a zoning change on a 2-acre parcel in Blaine County that would allow property owner Tom Richmond to develop a self-storage facility and trucking terminal. Richmond, whose family owns Arrow Se…
Self-Storage REIT Strategic Storage Growth Trust Releases 3rd Quarter 2016 Financial Results
Strategic Storage Growth Trust Inc. (SSGT), a public, non-traded real estate investment trust (REIT) focused on self-storage acquisition and development, has released its financial statement for the quarter that ended Sept. 30, 2016. During the third q…
Self-Storage Companies Launch 2016 Holiday Charity Drives
Self-storage operators around the world have launched drives to collect clothing, food, toys and more for various charitable organizations this holiday season. Here’s a summary of how they’re giving back to their communities so far in fall/…
Understanding the Self-Storage Lending Market: Obtaining a Mortgage, Locking In Rates and More
Current interest rates for self-storage loans are at historic lows, so it may be worthwhile for investors and owners to explore their lending options. Here’s insight to obtaining a mortgage, locking in rates and more.
Environmental Issues Dash Plans for Advantage Development Group Self-Storage Project in Westville, CT
Update 11/16/16 – Advantage has pulled out of negotiations to purchase the formal Aerial Map factory, ending its bid to develop self-storage at the site. The company walked away from the deal after a phase-three environmental study revealed previ…
Con Artist Fleeces Self-Storage Facilities, Customers Out of £250K Before Fleeing to South America
The owner of a former Hilton, England, self-storage business has been sentenced to three years and 10 months in jail for defrauding more than £250,000 from businesses and individuals. Marcus Elliot, 26, was a partner in Hilton Self-Storage Ltd. a…