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  • People

    New storage firm launches with former Public exec on deck

    Capital Growth Buchalter (CGB), a national development and construction firm, recently launched a new self-storage company focused on buying and building facilities throughout the United…

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  • News

    Extra Space to acquire Life Storage for $12.4 billion

    Extra Space Storage has struck a deal to acquire Life Storage for $12.4 billion in an all-stock transaction. The combined company will operate more than…

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  • News

    Nuveen executive: MyPlace will grow to hundreds of storage facilities

    MyPlace, a new self-storage venture recently founded by industry veteran Kurt O’Brien and financially backed by Nuveen Real Estate, expects to acquire and develop hundreds…

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  • People

    Op/Ed: How the AI revolution will reshape the self-storage industry

    Technology revolutions have changed the course of human history in profound and profoundly unpredictable ways since the dawn of human civilization. When someone steps up…

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  • Private Companies

    10 Federal targets $100 million for unmanned self-storage facilities

    10 Federal operated unmanned facilities before it was cool. Now the Raleigh-based firm is on the move with its fourth investment fund that aims to…

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Acquisitions

Sold! SmartStop fund acquires recently built facility in NJ

Bruce Goldberg/May 24, 2023May 24, 2023 /Leave a comment
Strategic Storage Growth Trust III Inc. purchased an approximately 65,800-NRSF storage facility on 3.1 acres in Eatontown, NJ. It’s a three-story building with about 730 climate-controlled units. Merchants Retail Partners was the seller. The building...
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Development

The Roll Up: VanWest snaps up Denver lot for five story storage project

Bruce Goldberg/May 24, 2023May 24, 2023 /Leave a comment
Denver, CO-based VanWest Partners purchased an undeveloped lot in the Baker neighborhood and plans to put up a self-storage facility there after buying the 39 S. Kalamath St. and 10 S. Lipan St. parcels from...
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Public Companies

Life Storage makes the case against a Public Storage takeover

Alexander Harris/February 24, 2023March 20, 2023
Life Storage CEO Joe Saffire rebuffed Public Storage’s proposed takeover of the country’s fourth largest storage REIT in no uncertain terms during the company’s annual earnings conference call on Friday. “It is a great proposal...
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Storage REITs take a tumble despite strong results

John Egan/May 12, 2022October 3, 2022

CubeSmart heads west on heels of big portfolio buy

John Egan/March 1, 2022October 3, 2022

Extra Space CEO: New supply growth could ramp up next year

John Egan/February 27, 2022October 3, 2022

News

Extra Space to acquire Life Storage for $12.4 billion

Alexander Harris/April 3, 2023April 3, 2023
Extra Space Storage has struck a deal to acquire Life Storage for $12.4 billion in an all-stock transaction. The combined company will operate more than 3,500 self-storage facilities, surpassing Public Storage as the country’s largest...
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Nuveen executive: MyPlace will grow to hundreds of storage facilities

Jay Fitzgerald/March 28, 2023March 28, 2023

Op/Ed: Closing the sustainability gap in the self-storage industry

Simon Berman/March 16, 2023March 16, 2023

5 Things to Know About Public Storage’s $11B Takeover Bid For Life Storage

Alexander Harris/February 7, 2023

Private Companies

Spartan targets $180M for self-storage with launch of new funds

Bruce Goldberg/March 31, 2023March 31, 2023
Spartan Investment Group has rolled out an investing concept that has something for most everybody – three new funds at the same time in the categories of income, growth and debt. “We want the investors...
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10 Federal targets $100 million for unmanned self-storage facilities

Alexander Harris/March 20, 2023

Moove In drops brokerage arm to focus on expanding storage portfolio

Bruce Goldberg/March 14, 2023March 16, 2023

Flatirons Asset Management buys 33 stores from Red Dot Storage

Alexander Harris/November 8, 2022December 9, 2022

People

Q&A: Ben Carr joins City Line Capital as CIO

Alexander Harris/May 18, 2023May 18, 2023 /Leave a comment
City Line Capital has hired a new chief investment officer to continue the firm's growth trajectory across the country. Ben Carr comes to the job with more than 20 years of experience in the industry,...
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New storage firm launches with former Public exec on deck

Alexander Harris/April 11, 2023April 11, 2023

Op/Ed: How the AI revolution will reshape the self-storage industry

Christian Espinal/March 27, 2023March 27, 2023

Q&A: The RV and boat storage market with Ramser Development’s Adam Deermount

Alexander Harris/November 8, 2022December 9, 2022

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The SpareFoot Storage Beat is your go-to source for news, features and analysis about the self-storage industry. Self-storage categories covered by The SpareFoot Storage Beat include public companies, private companies, industry trends, real estate development, facility acquisitions, hirings and promotions. Send us a tip

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Recent posts

  • The Roll Up: VanWest snaps up Denver lot for five story storage project

  • Sold! SmartStop fund acquires recently built facility in NJ

  • Q&A: Ben Carr joins City Line Capital as CIO

  • The Roll Up: Former school to become self-storage facility

  • Sold! Gantry lends $40 million for purchase of four facilities in 1031 exchange

  • The Roll Up: California ice rink slated for self-storage conversion

  • Sold! Wentworth Property Co. buys Atlanta portfolio for $43.5M

  • The Roll Up: Five Star Storage completes 500-unit facility in Minnesota

  • Sold! New Mexico storage facility sold to fund new high school

  • The Roll Up: Two cities move to pause new storage development

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