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Monthly Archives: January 2017

Live Oak Bank Announces 2016 Self-Storage Loan Volume

Live Oak Bank, which launched a lending division for self-storage developers, investors and owners, nearly two years ago, closed more than $137 million in self-storage loans last year. The firm has made nearly $160 million in 77 loans since launching i…

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A Young but Blooming Self-Storage Market in South Africa

The South Africa self-storage industry is still very young, but its future is bright. The manager of Bloem Self Storage in Bloemfontein shares his observations on consumer awareness, development, rental rates and more.

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StorageMart Acquires Self-Storage Facility in Lethbridge, Alberta, Canada

StorageMart, which operates more than 190 self-storage properties across Canada, the United Kingdom and the United States, has purchased a facility in Lethbridge, Alberta, Canada, its second in the city. The acquisition at 2615 Westside Drive W., near …

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Self-Storage Marketplace SpareFoot Continues to Win Funds for Kure It Cancer Research

SpareFoot, an online marketplace for self-storage consumers, once again won more than $20,000 for Kure It Cancer Research by participating in the Austin Startup Games in Austin, Texas, on Jan. 21. Over the years, the company has raised more than $90,00…

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City Restrictions Against Self-Storage Development Create New Barriers to Entry

Some cities have taken notice of the number of self-storage facilities either proposed or under development in their region and become leery of the buildout. In reaction, some have either considered action to curb self-storage development or passed mea…

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Real Estate Roundup: Self-Storage Transactions January 2017

Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Fol…

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Burglary Suspect Found Sleeping in Columbia, MO, Self-Storage Unit

A man suspected of breaking into a self-storage unit at Triple L Mini Storage in Columbia, Mo., on Wednesday was found sleeping in an adjacent unit. Police arrested Christopher Howery, 29, at about 1:30 p.m. on suspicion of second-degree burglary.

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10 Self-Storage Companies to Watch in 2017

As we head into 2017, self-storage operators look to make their mark in an increasingly competitive industry. Based on their past performance and future plans, here are 10 companies expected to make headlines this year.

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Equity Firm MPM Seven Prepares to Build Self-Storage in Wabasso, FL

Real estate developer Bob McKinley, who manages Canada-based private-equity firm MPM Seven LP, intends to build a self-storage facility in Wabasso, Fla. The developer is still creating a site plan for a self-storage structure of up to 60,000 square fee…

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Extra Space Buys Chandler, AZ, StorQuest Self Storage Facility for $9.5M

Extra Space Storage Inc., a publicly traded self-storage real estate investment trust and third-party management firm, has purchased a StorQuest Self Storage facility in Chandler, Ariz., for $9.5 million. The property at 2150 N. Arizona Ave. comprises …

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