Barton Partners LLC has opened Big Tee’s Self-Storage in Godfrey, Ill. The property at 2735 W. Delmar is just off Illinois Route 3, near retail stores and restaurants. It’ll serve the communities of Alton, Bethalto, Brighton, Godfrey and Wo…
Australia Self-Storage Operator National Storage REIT to Raise $15M Via Share-Purchase Plan
Australia-based self-storage operator National Storage REIT (NSR) intends to raise $15 million through a share-purchase plan. The funds will be used to reduce debt and to provide flexibility in pursuing acquisition opportunities, according to a press r…
Leon Capital Launches Debt-Capital Platform for Self-Storage
Leon Capital Group, a Dallas-based real estate development and investment firm, has launched a capital platform for developers of class-A self-storage facilities. The company will provide “high-leverage,” nonrecourse construction financing …
JEMB Realty Seeks to Build 8-Story Self-Storage Facility in Brooklyn, NY
JEMB Realty Corp., a New York-based real estate firm, has purchased a church parking lot in Brooklyn, N.Y., on which it plans to build an eight-story self-storage facility. The company paid $15.2 million for the property at 72 Caton Place, which is nea…
Self-Storage Access-Control Firm PTI Makes Staff Additions
PTI Security Systems, a provider of access-control and security solutions for the self-storage industry, has added three sales-team members and hired a new tech-support team lead. The changes come hot on the heels of the company’s EasyCode mobile…
How to Assemble a Strong Self-Storage Loan Package to Secure Your Deal
Self-storage buyers who fail to provide a complete loan package could wind up with a dearth of bids from lenders. This article outlines the steps to assemble a strong loan request and the information it should contain.
The Storage Guy Expands Self-Storage Facility in Middleton, WI
The Storage Guy, a company that operates five self-storage facilities in Wisconsin, has expanded its Middleton location. The $4 million investment at OW Storage, 4373 Schwartz Road, included the addition of 105 new interior units and outdoor parking fo…
Andover Properties Acquires Self-Storage Facility in Minneola, FL
Andover Properties LLC, which operates the Storage King USA self-storage brand, has acquired AAA Storage Hwy 27 & Postal Center in Minneola, Fla. The property at 995 US-27 comprises 75,000 square feet of storage in more than 600 units. Andover plan…
ISS World Expo Best Rates End Jan. 30!
Nearly 200 suppliers will showcase their latest products, services, ideas and innovations to help you grow your self-storage business at the ISS World Expo April 3-6, 2018 in Las Vegas. Beat rates end Jan. 30. Register Today!
Sharpen Your Saw Why Self-Storage Facility Audits Are Crucial to the Bottom Line
Self-storage facility audits aren’t the most exciting thing to do, but here’s why they’re the most valuable tool owners have in their arsenal to maintain and improve their bottom line.