The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have announced when and how th…
Merrimac Ventures to Build 3-Story Self-Storage Facility in Ft. Lauderdale, FL
Real estate developer Dev Motwani, president of Merrimac Ventures, plans to build a three-story self-storage facility in Ft. Lauderdale, Fla. The building at 2201 W. Broward Blvd. will comprise 130,700 square feet of storage space and 8,000 square feet…
Mixed-Use Development With Self-Storage, Health Club Proposed for Greenburgh, NY
Real estate developer Robert Martin Co. LLC (RMC) is in preliminary talks with Greenburgh, N.Y., officials to build a mixed-use development that would include a multi-story self-storage facility and a two-story health club. The project would involve te…
10 Ways Self-Storage Operators Can Avoid a Wrongful Sale
Avoiding a wrongful sale is sidestepping the most dangerous litigation possible to your self-storage business. Follow these 10 guidelines to keep from being sued.
Self-Storage Proposed for Flag-Shaped Lot in Napa, CA
Real estate developer Don Kellebrew and property owner Robert Hager Jr. have filed plans in Napa, Calif., to build a self-storage facility on a 1.2-acre, flag-shaped lot. The asset would comprise 25,700 square feet in about 77 units. The $3 million pro…
Yardi Expands Matrix Data-Services Tool to 125 Self-Storage Markets
Yardi Systems Inc., which provides management software for self-storage and other types of real estate, has expanded its Yardi Matrix self-storage data-services platform to 125 markets from 99. The asset-management and business-development tool now inc…
The Storage Group Releases ‘Market Intel’ Competitor Pricing and Analysis Tool for Self-Storage
The Storage Group (TSG), an Internet-marketing company serving the self-storage industry, has added a rental-rate tracking tool to its platform. The Market Intel service provides customers with rate-comparison information and average price differences …
Storage Deluxe Acquires Flushing, Queens, NY, Self-Storage Facility
Storage Deluxe, a Manhattan-based self-storage owner and developer, has acquired a Storage Quarters facility in Flushing, Queens, N.Y., for $27 million. The property at 31-40 Whitestone Expressway comprises 110,000 square feet of storage space. It&rsqu…
Store House Opens Third Texas Self-Storage Location
Store House Storage LLC, a Texas-based self-storage operator, has opened a new facility in New Braunfels, Texas, its third location in the state. The property at 2416 FM 725 (S. Seguin Ave.) is between County Line and Klein Roads. It comprises 62,175 r…
Strat Property Management Names President of Self-Storage Division
Strat Property Management Inc., a third-party management firm and facility operator, has hired Travis Morrow as president of its self-storage division, effective Aug. 1. Morrow is joining Strat after 14 years as president of Arizona-based National Self…