Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT) and third-party management firm, has opened its first Minnesota facility in St. Louis Park. The property at 5051 Highway 7 was developed and is owned by Buhl I…
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Monolith Group Plans to Acquire or Build 50 Self-Storage Facilities Within 5 Years
The Monolith Group LLC, a commercial real estate acquisition and development firm specializing in self-storage, intends to acquire or build up to 50 self-storage facilities during the next five years. The Scottsdale, Ariz.-based company has completed t…
Boardwalk Development Group Launches $50M Investment Fund for Self-Storage Acquisitions
Update 8/23/17 – BDG has acquired Smallwood’s Home & Garden Center in Cumming, Ga., with the intent to convert it to self-storage. The property at 2168 Canton Highway was purchased through Fund I and is adjacent to Boardwalk Storage &nd…
Oswego Self Storage of NY Collects Donations for Local Homeless Services
Oswego Self Storage in Oswego, N.Y., is partnering with civil-society program AmeriCorps to collect donations that will benefit homeless youth and families who are attempting to establish independent housing. The property at 121 George St. will offer d…
Self-Storage REIT Extra Space Acquires Eldridge FM 1960 Storage & Office Warehouses in Houston
Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT) and third-party management firm, has purchased Eldridge FM 1960 Storage & Office Warehouses in Houston from The Jenkins Organization Inc. The property at 1…
Prime Group Holdings Buys 4 Self-Storage Facilities in MA, NY for $23.5M
Prime Group Holdings, a New York-based real estate group that owns self-storage and other commercial and residential property, has purchased the four-property Safe Storage Inc. portfolio in Massachusetts and New York for $23.5 million. Rebranded as Pri…
UK Self-Storage Operator Big Yellow Sponsors ‘Go Dad Run’ Events Benefitting Cancer Research
Update 4/1/16 – Big Yellow Self Storage will be a financial sponsor of the Go Dad Run charity events for the third consecutive year. This year’s series of five- and 10-kilometer runs for men and boys will take place in Bristol, London, Sund…
South Africa Self-Storage Operator Stor-Age Spotlights Facility Managers in New Blog
Stor-Age Property REIT Ltd., which operates 37 self-storage facilities in South Africa, has launched a new blog to spotlight its facility managers. Titled, “A Day in the Life of a Stor-Age Manager,” it provides insight to the employees&rsqu…
South Africa Self-Storage Operator XtraSpace Expands to Mauritius in Multibox Joint Venture
XtraSpace Self Storage, which operates more than 20 locations in South Africa, has expanded its footprint to the island nation of Mauritius in a joint venture with local storage operator Multibox Ltd. The two companies have opened the first of three pl…
Self-Storage Online Directory SpareFoot Adds Valet-Storage Services to Its Searchable Database
Update 3/29/17 – The number of U.S. markets on SpareFoot.com that consumers can search for valet self-storage services has increased in the last year to nearly 50. In the 12 months consumers have been able to use the website to locate on-demand p…