by adowney | Feb 19, 2018 | News, Public Companies
Self-storage REIT CubeSmart expects its same-store portfolio to feel increasing pressure from new supply in 2018. In a Feb. 15 call to discuss 2017 financial results with Wall Street analysts, Tim Martin, chief financial officer of Malvern, PA-based CubeSmart, said 40...
by adowney | Feb 12, 2018 | Investment, News, Public Companies
For self-storage REITs, 2018 could offer a sense of déjà vu. At this point, we don’t have a complete picture of the REITs’ financial performance in 2017, as full-year results won’t be reported until late February. But we do know that 2017 market returns for the REITs...
by adowney | Feb 6, 2018 | News, Private Companies
If all goes as planned, dozens of self-storage facilities built out of repurposed shipping containers will be surfacing around the country with backing from a Texas startup and a growing number of investors. Houston, TX-based startup GreenSpace Holdings LLC already...
by adowney | Jan 3, 2018 | News, Private Companies
A Missouri-based real estate developer is going beyond its Midwestern roots to grow its self-storage brand. Currently, NorthPoint Development’s Beyond Self Storage brand operates three self-storage facilities. One facility is in the Kansas City, MO, suburb of Overland...
by adowney | Jan 2, 2018 | News, Public Companies
For decades, U-Haul International Inc. has been in the mobility business. Now, it’s kicking its commitment to mobility into high gear. The Phoenix, AZ-based moving and self-storage company plans to build its first “smart mobility center” in Tallahassee, FL. It’ll be...
by adowney | Dec 27, 2017 | Investment, News
Equipped with an infusion of more than $80 million in private equity, an Albuquerque, NM-based real estate developer is plotting its entry into the self-storage sector. Titan Development Ltd. is gearing up to build six self-storage facilities in two New Mexico markets...
by adowney | Nov 7, 2017 | News, Private Companies
By the end of 2017 — less than one year after its first acquisition — City Line Capital LLC’s self-storage portfolio should be well over 1 million rentable square feet. And the Bala Cynwyd, PA-based self-storage investment firm shows no signs of slowing its brisk pace...
by adowney | Oct 25, 2017 | Acquisitions, News
On the heels of selling 27 self-storage facilities to Greenwood Village, CO-based REIT National Storage Affiliates Trust, a joint venture tied to Store Here is already hunting for more facilities to buy. Store Here LLC — a joint venture between affiliates of...
by adowney | Oct 11, 2017 | News, Private Companies
A 40-year-old real estate company in North Carolina has made its initial foray into the self-storage sector and is pursuing even more opportunities in the Southeast. Raleigh, NC-based Rivercrest Realty Advisors recently bought a self-storage facility in Winston-Salem,...
by adowney | Sep 25, 2017 | Development, News
Self-storage operators and developers are picking up the pieces after a pair of powerful hurricanes brought unprecedented destruction to areas of Florida and Texas. In the aftermath of Hurricane Irma and Hurricane Harvey, self-storage operators reported a number of...
by adowney | Aug 18, 2017 | City Guides
With a bustling urban environment full of music, culture, and nightlife, as well as sprawling green spaces and progressive communities, Austin is predicted to be the next big boom town of the United States. Homeowners are picking up their lives and moving to this...
by adowney | Jul 19, 2017 | News, Private Companies
In just 10 years, Columbia, SC-based Taylor/Theus Holdings Inc. has become a regional player in self-storage. Walter Taylor and Bill Theus have been partners in commercial, residential and multifamily ventures for 30 years. In 2007, they began targeting the...
by adowney | Jul 7, 2017 | News, Private Companies
For StorageMart CEO Mike Burnam, growth is all about reaching “critical mass” and “playing Monopoly.” In existing markets, the Columbia, MO-based self-storage owner and operator seeks to grow by increasing “critical mass” in existing markets via acquisition or...
by adowney | Jul 5, 2017 | City Guides
Ah yes, Chicago. The City of Big Shoulders. The Jewel of the Midwest. The Windy City. No matter what you call it, Chicago is a true American city with a storied past and a promising future. But is it your kind of town? If you’re considering packing up your life and...
by adowney | Jun 6, 2017 | News, People
A dozen of the 50 largest self-storage operators in the U.S. are based in Southern California, with six of the 12 maintaining headquarters in Orange County. Other than the abundant sunshine and the many miles of beaches, why is Southern California essentially the...
by adowney | Jun 1, 2017 | Investment, News
Backed by $300 million in equity, a new self-storage investment firm whose entire team came from industry heavyweight W.P. Carey is poised to wrap up its first acquisition. Merit Hill Capital, with offices in Brooklyn, NY, and Dallas, TX, is set to close June 1 on the...
