P&R Investments Car Wash & Mini Storage in Seymour, Mo., is changing names and passing from one generation to the next. Opened nearly 30 years ago by local businessmen Ken Pennington and Dean Rowe, the property at 114 E. Washington St. has been…
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CubeSmart Opposes Lorain Self Storage Development in North Olmsted, OH
Lorain Self Storage received approval on Jan. 27 from the North Olmstead, Ohio, Department of Planning and Development, despite opposition from self-storage real estate investment trust CubeSmart, which owns an adjacent property. A house currently occu…
Self-Storage REIT Strategic Storage Trust II Amends Credit Facility with KeyBank
Strategic Storage Trust II Inc. (SST II), a self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has amended a revolving line of credit with KeyBank. The amended credit facility has a maximum borrowing capacity …
Real Estate Roundup: Self-Storage Transactions January 2016
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…
Strategic Storage Trust II Acquires Self-Storage Facility in Lancaster, CA, for $4.7M
Strategic Storage Trust II Inc. (SST II), a self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has purchased a self-storage facility in Lancaster, Calif., for $4.7 million. The property at 43707 N. Sierra High…
Extra Space Affiliate Buys Uncle Bob’s Self Storage Facility in Jacksonville, FL, for $9M
An affiliate of Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT) and third-party management firm, has purchased a self-storage facility in Jacksonville, Fla., for $9 million. Extra Space Properties Two LLC ac…
Farming Family Launches Reddistores Self Storage in Redditch, England
A farming family in Redditch, England, has converted some unused agricultural buildings on its Weights Farm property to self-storage. After securing £340,000 from Barclays to finance the project, the family recently launched Reddistores Self Stor…
Farming Family Launches Reddistores Self Storage in Redditch, England
A farming family in Redditch, England, has converted some unused agricultural buildings on its Weights Farm property to self-storage. After securing £340,000 from Barclays to finance the project, the family recently launched Reddistores Self Stor…
Sovran Self Storage Announces $398M in Property Acquisitions
Real estate investment trust (REIT) Sovran Self Storage Inc., which operates the Uncle Bob’s Self Storage brand, has agreed to acquire 25 self-storage facilities in eight states for approximately $371 million. The company also recently purchased …
Sovran Self Storage Announces $398M in Property Acquisitions
Update 2/4/16 – The recent Sovran acquisition included a 13-property portfolio owned by Harrison Street Real Estate Capital LLC (HSRE), a real estate private-equity firm. The $186.4 million purchase comprises four properties in California, six in…