Self-storage developer The Natchez Group has purchased nearly 2 acres of land in Spring Hill, Tenn., on which it plans to build a three-story self-storage facility. Acquired for $760,000, the land straddles Maury and Williamson Counties. The project wi…
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Amsdell Cos./Compass Self Storage Buys 3-Property Self-Storage Portfolio in Montgomery, AL
Compass Self Storage, a member of the Amsdell family of companies, has acquired a three-property A Mini Flex Storage portfolio from Isaacson Family Enterprises LLC in Montgomery, Ala. Together, the properties comprise 166,509 rentable square feet in 1,…
Self-Storage Firm Investment Real Estate LLC Names New District Manager
Investment Real Estate LLC (IRE), a property-management and consulting firm serving the self-storage industry, has promoted Dana Sinsheimer from assistant district manager to district manager. In this role, she’ll lead a team of property managers…
Tenant Catches Thief in Action at Cordele, GA, Self-Storage Facility
A self-storage tenant caught a thief on Sunday stealing items from the tenant’s unit at Cordele Mini Storage in Cordele, Ga. When the victim arrived at the property at 215 7th St., he discovered the lock was missing from his unit door. After purc…
SurePoint Self Storage to Build New Facility in Pearland, TX
Texas-based SurePoint Self Storage expects to break ground this month on a development in Pearland, Texas. The facility at 3200 Kirby Drive, west of Highway 288, will comprise 91,950 square feet in 726 traditional and climate-controlled units. The comp…
Australia-Based Peer-to-Peer Self-Storage Operator Spacer Buys Out Roost
Spacer.com.au Pty. Ltd., an Australia-based peer-to-peer self-storage marketplace, has acquired U.S.-based Roost Shared Storage Inc. and will rebrand the business as Spacer.com. The deal includes Roost’s customers, database and technology platfor…
Live Oak Bank Launches Express-Loan Product for Self-Storage
Wilmington, N.C.-based Live Oak Bank has launched an express-loan product designed for self-storage developers as well as industry owners who wish to upgrade their facilities. Loans from $75,000 to $350,000 are available for working capital, facility e…
Self-Storage Directory Find Local Storage Hires New Executive Director
Find Local Storage (FLS), a consortium of self-storage owners who operate an online facility directory, has hired Michelle Jordan as executive director. She’ll be responsible for driving business expansion and new-product development, as well as …
Public Storage Acquires A2Z Self Storage in Orchard Park, NY
Public Storage Inc., a self-storage real estate investment trust (REIT), has purchased A2Z Self Storage in Orchard Park, N.Y., for $4 million. The REIT now has eight storage sites in the region.
Council Denies Mixed-Use Self-Storage Project in Troy, MI
Update 5/19/17 – The Troy City Council denied the rezoning request from E-Z Mini Storage on May 8 with a 5-2 vote. More than 20 residents spoke in opposition to the proposal, reiterating earlier concerns that the mixed-use self-storage project di…