Self-Storage Odds and Ends | 2.2.2018

Al Harris
February 2, 2018

Welcome to our new column where we try and catch up on a few news stories in the world of self-storage we didn’t get a chance to cover in the week that was.

Public Storage looks to develop historic property in California

Self-storage operator Public Storage has a deal to buy a 4.4 acre lot in Huntington Beach, CA. The problem? The site has a long history and cultural significance as a Depression-era community for Japanese Americans. Community groups and advocates are lining up to oppose the deal according to the Los Angeles Times and the OC Register.

Self-storage employee allegedly embezzles $100,000

A former employee of a self-storage business in Mount Zion, IL was arrested on suspicion that she stole more than $100,000 from the company. Source: Herald-Review

Storage operators jumps into multi-family

SmartStop Asset Management, whose portfolio of self-storage facilities is managed by Extra Space, has launched a public offering with the goal of raising $1 billion for student and senior housing projects. Source: CoStar

NGKF release new research

NGKF is launching a new thought leadership series on the self-storage industry called Dissecting Demand and Capital. Check out their first report here.

 

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About the SpareFoot Storage Beat

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.

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