Elite Stor Capital Partners LLC, an equity investor focused on the self-storage industry, has appointed Sheila Reinken as chief financial officer. She will be responsible for managing the company’s capital-markets activities, finance and in…
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Self-Storage Operators Experience Unit Shortage Due to Moving Boom in Bend, OR
An improving economy coupled with a housing shortage have increased move-ins at self-storage facilities in Bend, Ore., leaving occupancy full across the market and forcing customers to put their names on waiting lists, according to the source. “I…
Valet-Storage Services Tap Into Hong Kong ‘Micro-Living’ Trend
Valet self-storage businesses are among the recent startups poised to capitalize on the growing micro-living trend in the Hong Kong market, according to a report by “Gulf News.” With 20-square-meter apartments fetching as much as HK$4.5 mil…
W. P. Carey REIT Affiliate Acquires 22 Self-Storage Properties in First Half of 2015
An affiliate company of global net-lease real estate investment trust (REIT) W. P. Carey Inc. acquired 22 self-storage properties in 15 separate transactions during the first six months of 2015 for $161 million. The facilities are spread across seven s…
Athens Mini Storage in Ohio Battles Dispute Over Property Value, Taxes
Southeast Ohio Holdings LLC, the owner of Athens Mini Storage in Athens, Ohio, was under fire last week when the Federal Hocking Local School District challenged the value set on the self-storage facility for tax purposes.
Castle Self-Storage Builds Second Facility in Weymouth, MA
Castle Self-Storage, which currently operates three facilities in Braintree, South Boston and Weymouth, Mass., is building a second facility in Weymouth. The three-story facility will comprise 66,000 square feet of storage space in drive-up and exterio…
Tenant to Operate Internet-Based Used-Car Business From Mattapoisett Self Storage in MA
Eric Desrosiers, a tenant of Mattapoisett Self Storage in Mattapoisett, Mass., received a business license from town officials this week to operate an Internet-based used-car business to be called “Eric’s Pre-Owned Vehicles.” Once spa…
William Warren Group/StorQuest Self Storage Buys Phoenix Parcel to Build New Facility
The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, has purchased a 3.17-acre parcel of land in Phoenix for $3.05 million on which it plans to build a new self-storage facility. The prope…
Meathead Movers of CA to Expand Staff and Self-Storage Locations
Meathead Movers, which operates Meathead Mini Storage in San Luis Obispo, is looking to hire 200 employees at its four offices by year-end, nearly doubling its current staff of 200 part-time and 50 full-time employees. The company also plans to add mor…
Edwards, CO, to Get Its First Self-Storage Facility
Real estate developers Brad and Bruce Hagedorn received approval to build a 65,000-square-foot self-storage facility in Edwards, Colo.—the first in the city, according to the source. The project is expected to break ground this fall and open in l…