by Bruce Goldberg | Feb 9, 2021 | Investment, News
DXD Capital got a nice present during the holiday season: Its new DXD Self Storage Fund I, which it launched in September with a goal of raising $50 million, garnered $12.5 million before Thanksgiving. “We really started the capital raise Sept. 1,” said Drew Dolan,...
by Bruce Goldberg | Dec 14, 2020 | News, Private Companies
Elevation Capital Group strongly believes it’s found a winning formula by investing in a combination of self-storage facilities and mobile home parks. Its Fund 7 (MHPI VII LLC) opened in April 2017, attracted more than 500 members and raised $150 million – in an...
by Bruce Goldberg | Dec 1, 2020 | News, Private Companies
For two guys that have the patience of Job as they scope out potential self-storage acquisitions, Jon Erickson and Jonathan Vollinger strike quickly when it’s time to buy. Witness two recent purchases that closed within the past three weeks. Their company, Austin,...
by Bruce Goldberg | Aug 24, 2020 | News, Private Companies
Fast-growing Neighbor.com is making a bold claim as it flexes its muscles. “The space that we have on the platform today would cost a traditional self-storage facility well over $1 billion to build that space,” CEO Joseph Woodbury said. “Rather than building new...
by Bruce Goldberg | Apr 20, 2020 | News, People
The economic impact of the coronavirus pandemic has hit the nation’s self-storage industry – dealmakers, owners, operators, developers and others all trying ways to adjust. Risk-averse behavior has grown among developers and bankers; non-recourse funding has almost...
by Bruce Goldberg | Jun 24, 2019 | Investment, News
Talonvest Capital Inc. recently completed the negotiation of a $48.4 million refinance bridge loan. Nothing unusual there; Talonvest is currently negotiating transactions worth between $7 million and $125 million. But a note of caution from Thomas Sherlock, one of...
by Bruce Goldberg | May 21, 2019 | Investment, News
Elevation Capital Group’s MHPI VII LLC, better known as Fund 7, attracted more than 500 members and raised $100 million in subscriptions since launching in April 2017. That’s a fast raise, and fund managers have announced they have raised the maximum offering amount...
by Bruce Goldberg | Mar 27, 2019 | News, Private Companies
The unmanned model for self-storage sites brings up questions: Are owners of such facilities worried about theft and vandalism, and about frustrating customers that can’t find help behind a desk? The leaders at Red Dot Storage in Louisville, CO, answer with a...
by Bruce Goldberg | Mar 12, 2019 | City Guides
Denver has plenty going for it: progressive and innovative thinking; beautiful scenery; a healthy economy with an unemployment rate below 4 percent; many arts, culture and professional sports offerings throughout the year; and, of course, its proximity to many of the...
by Bruce Goldberg | Feb 5, 2019 | City Guides, Denver, CO
Denver is a vibrant city, welcoming to entrepreneurs and startups, supporting new bars and restaurants, attracting many companies from out of state and convincing existing businesses that it’s safe to invest in growth. Many thank the Colorado Rockies for Denver’s...
by Bruce Goldberg | Jan 7, 2019 | News, Private Companies
Have you seen San Francisco and Bay Area housing prices lately? They’ve long ranked among the nation’s highest. Among those affected are developers of self-storage facilities, who are starting to find it harder to build or stay in the city. That inspired co-founders...
by Bruce Goldberg | Oct 2, 2018 | News, People
Store Space Self Storage has sprinted out of the gate after opening shop last spring. The company is spearheaded by Chris Harris and Rob Consalvo, former executives at iStorage. The Orlando, Florida-based company already is operating seven locations in its home state,...
by Bruce Goldberg | Sep 24, 2018 | City Guides, Denver, CO
Denver, founded in 1859, has had almost 160 years to produce scary places and urban legends that make the hair rise on the back of your neck. Ghost hunters and paranormal investigators have plenty to explore in the Mile High City. So let’s go explore the things that...
by Bruce Goldberg | Jul 11, 2018 | News, People
Fast-growing West Coast Self-Storage is facing a challenge familiar to many other expansion-minded storage operators: as it searches for sites the company faces more competition than ever to find land for new facilities. “It is getting much harder,” said John...
by Bruce Goldberg | May 24, 2018 | Development, News
Self-storage developers in Denver, CO, already were dealing with a report that claimed the city is saturated with self-storage facilities. Now, the Denver City Council has tightened building restrictions on storage facilities with an unanimous May 20 vote to ban the...
by Bruce Goldberg | Apr 23, 2018 | News, Private Companies
Could the empty corner in your neighbor’s garage compete against the newly built self-storage facility off the interstate? The founders of a new startup and its new financial bakers definitely think so. Neighbor, a Salt Lake City, UT, company that matches people...
