South Street Capital, a Chicago-based real estate investment firm, is expanding its acquisition strategy to include self-storage properties in the Midwest and Texas. The company plans to acquire 1 million square feet of storage space in markets includi…
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Jernigan Capital CEO Says US Metropolitan Markets Need $25B in Self-Storage Development
The top 50 U.S. metropolitan markets need approximately $25 billion in new self-storage development to meet population growth and expected consumer demand during the next five years, according to Dean Jernigan, chairman and CEO of Jernigan Capital Inc….
StorageBlue Refinances Self-Storage Portfolio, Eyes National Expansion
StorageBlue LLC, a New Jersey-based self-storage operator that launched earlier this year with four facilities, has refinanced its portfolio by securing a $31.25 million loan from Natixis Real Estate Capitol LLC. The company restructured its financing …
Moove In Self Storage Satellite Property in Lancaster, PA, Gets a Facelift
The Moove In Self Storage – Centerville facility at 22 Prestige Lane in Lancaster, Pa., is undergoing a series of physical upgrades that are scheduled to be complete this summer. Purchased by the storage operator last August, the property is a sa…
Stow-It Self Storage in Owen Sound, Canada, Hosts Live-Auction Fundraiser With Heroes for Hope
A Stow-It Self Storage facility in Owen Sound, Ontario, Canada, co-hosted a fundraiser and “Shave Off” event on June 6 with Heroes for Hope, an organization that engages police officers and other emergency-service personnel and their commun…
Self-Storage REIT National Storage Affiliates Trust Declares 2Q 2015 Dividend
The board of trustees for National Storage Affiliates Trust (NSAT), a Colorado-based real estate investment trust (REIT) specializing in self-storage, has declared a second-quarter dividend of $0.15 per common share and a quarterly distribution of $0.1…
Lewis Rental Properties Buys 2 South Florida Self-Storage Facilities
Lewis Rental Properties LP, a commercial real estate company that operates self-storage and light-industrial warehouse properties in South Florida, recently acquired two self-storage facilities and two industrial properties after securing a $30.1 milli…
Self-Storage REITs to Participate in REITWeek 2015 Investor Forum
Executives from self-storage real estate investment trusts (REITs) CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc. will give company presentations during REITWeek 2015, the investor forum for the National Associati…
Self Storage Association Asia Survey Identifies Industry Trends
Global market-research firm Ipsos Business Consulting recently released the inaugural “Self Storage Association Asia (SSAA) Annual Survey.” The report was commissioned by the association and identifies trends related to average occupancy ra…
Metro Storage Acquires Pond Road Self Storage in Oakdale, NY
Metro Storage LLC, which operates more than 100 self-storage facilities in 11 states, has purchased Pond Road Self Storage in Oakdale, N.Y., on Long Island. Metro now operates three storage properties in the state and is developing a fourth in Brooklyn…