Update 9/12/17 – Eric Capitanich appeared in court on Monday to waive his right to a preliminary hearing. Capitanich was arrested in January and charged with helping his mother commit suicide inside a unit at Peabody Self Storage in Vacavill…
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Bee Safe Owner to Create Self-Storage Management Firm to Handle Company Growth
Bee Safe Storage and Wine Cellar owner Roy E. Carroll II intends to create a property-management firm to handle the day-to-day operation of his growing self-storage business. Based in Greensboro, N.C., Bee Safe currently has three facilities in operati…
Strategic Storage Growth Trust Converts Industrial Building to Self-Storage in Asheville, NC
Strategic Storage Growth Trust Inc. (SSGT), a public, non-traded real estate investment trust focused on self-storage acquisition and development, has purchased a vacant industrial building in Asheville, N.C., that it intends to convert to self-storage…
GuardeAqui, Kipit Form Brazilian Self-Storage Joint Venture With Plans to Open 50 Facilities
Brazil self-storage operators GuardeAqui and Kipit have formed a joint venture with plans to develop 50 facilities, 30 by 2020. The investment could reach 600 million reais. Though the resulting assets will operate under the GuardeAqui brand name, owne…
UK Self-Storage Operator Big Yellow Releases Interim Financial Results for Quarter Ended Dec. 31
U.K. self-storage operator Big Yellow Group PLC released interim operating-performance results for the third quarter of its 2017 fiscal year, which ended Dec. 31. The company reported same-store revenue of £26.9 million for the period, up 5 perce…
Joint Venture Opens New Life Storage Facility in Long Island City, NY
A joint venture between self-storage real estate investment trust (REIT) Life Storage LP and Review Avenue Storage LLC, an affiliate of investment-management firm Equator Capital Management, has opened a self-storage facility in Long Island City, N.Y. …
Valet Self-Storage Operator RedBin Hires PODS Founder
RedBin, a valet self-storage operator based in Brooklyn, N.Y., has hired Pete Warhurst, founder of the portable-storage company PODS, to its executive team. Warhurst will “spearhead commercial growth, raise capital and drive expansion,” acc…
ezStorage Opens 2nd Columbia, MD, Self-Storage Location
ezStorage Corp., which operates 48 self-storage facilities in Maryland, Virginia and Washington, D.C., has opened a newly constructed facility in Columbia, Md., its second in the city. The property at 9002 Red Branch Road contains climate-controlled un…
U-Haul Acquires 2 Self-Storage Facilities in Elgin and Streamwood, IL
Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has purchased two Chicago-area self-storage facilities: Stor-More in Elgin, Ill., and Chicagoland Self-Storage in Streamwood. Together,…
Diversified Cos. to Build City Gate Self-Storage Facility in Naples, FL
Real estate development firm Diversified Cos. intends to build City Gate Self-Storage at 3803 White Lake Blvd. in Naples, Fla. The two-story facility will comprise 130,000 square feet in 1,000 climate-controlled units. The asset will be built by subsid…