Acquisitions

Sold! Prime Storage Group buys 10th facility in Kentucky

Sold! Prime Storage Group buys 10th facility in Kentucky

Prime Storage Group purchased a self-storage facility at 8145 Connector Drive in Florence, KY. The CubeSmart-branded facility has 62,873 square feet of rentable space and 624 units. The deal marks the operator's 10th transaction in Kentucky. The Storage Acquisition...

Sold! Tennessee facility trades for $6.4 million

Sold! Tennessee facility trades for $6.4 million

All City Self Storage at 296 Walmart Drive in Soddy Daisy, TN, sold for $6.4 million. It sits on 23.75 acres. TNU3519SY LP bought the property from Charisma Storage LLC. Source: Chattanoogan.com A joint venture involving Metro Self Storage and Fremont Realty Capital...

Sold! Madison Capital adds Orlando facility to its owned portfolio

Sold! Madison Capital adds Orlando facility to its owned portfolio

Madison Capital Markets, an affiliate of Madison Capital Group closed on a Go Store It location in Orlando, Florida. The store is located at 8308 Osceola Polk Line Road, in the Orlando, FL market. The facility has 54,030 square feet of rentable self-storage space,...

Sold! Lake Havasu facility trades for $5.3 million

Sold! Lake Havasu facility trades for $5.3 million

Lakeside Boat & RV Storage in Lake Havasu City, AZ sold to its new owner for $5.3 million on May 15. The deal was arranged by Jeff Gordon of Keller Williams Commercial. The property located at 930 Port Dr spans 64,040 of rentable square feet and provides 128 units...

Sold! Maryland firm buys Fresno self-storage facility for $8.4 million

Sold! Maryland firm buys Fresno self-storage facility for $8.4 million

JLL Capital Markets arranged the $8.2 million sale of Cherry Ave Self Storage, which has a 1,085-unit self-storage facility at 1844 S. Cherry Ave. in Fresno, CA. JLL represented the public REIT seller and found the buyer, PSC Fresno LLC, an affiliate of Pratt Street...

Sold! Newly minted facility in Maine trades for $2.1 million

Sold! Newly minted facility in Maine trades for $2.1 million

Malone Commercial Brokers led the sale of a newly built 26,000-square-foot self-storage facility at 17 Town House Road in West Gardiner, ME. The 7.5-acre property has five buildings and was sold to Town House Road LLC for $2.134 million. West Gardiner Self Storage is...

Etude Storage Partners makes offer to buy Global Self Storage

Etude Storage Partners makes offer to buy Global Self Storage

Global Self Storage, Inc. a publicly-traded real estate investment trust with a portfolio of 13 self-storage properties, finds itself in the crosshairs of a third unsolicited acquisition proposal from Austin-based Etude Storage Partners LLC. The proposal, amounting to...

Sold! Spartan buys three self-storage facilities for $44M

Sold! Spartan buys three self-storage facilities for $44M

Spartan Investment Group closed on a trio of premium, well-occupied self-storage facilities in the Pacific Northwest (PNW) — two facilities in Portland, Oregon, and one in Vancouver, Washington. The privately held real estate investment firm paid $44 million for the...

Sold! StorageMart expands with Midwest facility acquisitions

Sold! StorageMart expands with Midwest facility acquisitions

StorageMart added two new self-storage properties to its portfolio, including one in its hometown of Columbia, MO. The facility is located at 1500 Creekwood Parkway. It covers 42,200 NRSF, holds 312 units and has car parking. The other facility is located in...

Sold! Houston-area self-storage facility changes hands

Sold! Houston-area self-storage facility changes hands

Houston-based Lakewood Realty Investments LLC purchased Spartan Storage, a facility in Montgomery, Texas. The property features 64 units and a total of 19,998 square feet. The facility is located 43 miles from downtown Houston. Lakewood was represented by Versal,...

Sold! Storage King USA buys Texas RV storage facility

Sold! Storage King USA buys Texas RV storage facility

Andover Properties purchased Storage King USA on Dec. 5. The latter is located at 13397 Camino Real in Niederwald, TX. It has 68,400 square feet of drive-up storage and covered RV spaces. Andover plans to expand the facility by 100,000 square feet. Source: Community...

Sold! U-Haul buying 78 locations from W.P. Carey for $465 million

Sold! U-Haul buying 78 locations from W.P. Carey for $465 million

W.P. Carey is selling 78-facilities to U-Haul affiliates for a total of $465 million. The publicly traded REIT had previously leased the sites to U-Haul for the last 20 years. The portfolio spanned 69 cities in 24 states. The proceeds will boost W.P. Carey's...

Sold! DXD Capital snaps up 7-property portfolio in Colorado

Sold! DXD Capital snaps up 7-property portfolio in Colorado

DXD Capital, a New Mexico self-storage private equity firm, purchased the Hill & Homes Self-Storage portfolio in Colorado's western slope. The portfolio has 135,050 square feet across seven buildings, which house 922 units. Thomas Parsons, first vice president of...

Sold! Devon Self Storage sells majority stake to Inland Real Estate

Sold! Devon Self Storage sells majority stake to Inland Real Estate

The Inland Real Estate Group of Companies is buying a majority interest in U.S. self-storage operator Devon Self Storage Holdings. Devon, founded in 1988, manages 202 properties and about 109,000 units nationwide. It has owned, managed or developed more than 350...

Sold! Out-of-state buyer scoops up South Carolina storage site

Sold! Out-of-state buyer scoops up South Carolina storage site

Midcoast Properties Inc. announced the sale of Capstone Self Storage at 561 N. Pike East in Sumter, SC. An out-of-state buyer made the purchase. Midcoast’s Michael Morrison represented the seller. The facility sits on 2.1 acres and has 84 drive-up units spread across...

Sold! Gelt sells 677-unit self-storage asset in Pasadena

Sold! Gelt sells 677-unit self-storage asset in Pasadena

Gelt Ventures announced the sale of South Pasadena Storage, a 677-unit self-storage facility in South Pasadena, CA for an undisclosed price to an institutional buyer. The six-building property includes 642 indoor storage units, 34 outdoor rental spaces, a live/work...

Sold! Andover Properties picks up Florida facility for $6.85 million

Sold! Andover Properties picks up Florida facility for $6.85 million

Andover Properties, operator of the Storage King USA chain of self-storage facilities, has purchased Barefoot Mini Storage in Micco, FL for $6.85 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor. Nick Waller of CBRE said that they...

Sold! Kingman, AZ facility trades for $6.5 million

Sold! Kingman, AZ facility trades for $6.5 million

Jeff Gorden of The Gorden Cos. represented the seller and arranged the $6.5 million sale of GuardAll Self Storage in Kingman, AZ. The property has 1.3 acres and 409 units. The facility was 96% occupied and had an annualized revenue of $509,800. Gorden is the Arizona...

Sold! Prime Group Holdings snaps up four more facilities

Sold! Prime Group Holdings snaps up four more facilities

Prime Group Holdings LLC, based in Saratoga Springs, NY, announced it purchased four self-storage properties that total approximately 362,000 rentable square feet spread across 3,540 units in Florida, New York and North Carolina. Four transactions were involved in the...

Sold! Public Storage completes purchase of Simply Self Storage

Sold! Public Storage completes purchase of Simply Self Storage

Public Storage completed its previously announced purchase of Simply Self Storage from the Blackstone Real Estate Income Trust Inc. for $2.2 billion. There are 127 fully owned properties in the portfolio and 9 million NRSF across 18 states – in markets with population...

Former Life Storage execs acquire business from Extra Space Storage

Former Life Storage execs acquire business from Extra Space Storage

Warehouse Anywhere is now a standalone business following a deal between a group of former Life Storage employees and Extra Space Storage (NYSE: EXR). Extra Space sold the Warehouse Anywhere division of Life Storage to the new operators after acquiring the subsidiary...

Sold! Spartan expands with three new FreeUp Storage facilities

Sold! Spartan expands with three new FreeUp Storage facilities

Spartan Investment Group of Golden, CO closed on three self-storage deals – in Belleview, FL; Pea Ridge, AR and Kingsland, GA - in the company’s growth fund. The Belleview location is a 4.63-acre lot, and Spartan plans to start ground-up development of a 550-unit...

Sold! Blue Vista buys multiple storage developments

Sold! Blue Vista buys multiple storage developments

Blue Vista Capital Management announced it purchased 11 self-storage, industrial/flex and build-to-rent properties in six states between March and June this year. They include include five self-storage assets in Florida and Arizona, five industrial/flex properties in...

Sold! Storage facility in NC sells for $20.5 million

Sold! Storage facility in NC sells for $20.5 million

The Storage Acquisition Group facilitated the $20.5 million sale of River Rock Storage located at 4220 Forbes Road, Gastonia, NC. Jonathan Spencer, Scott Heckert and Jonathan Spencer of Storage Acquisition Group helped seal the deal. River Rock Storage has 124,374...

Sold! Storage King scores facility in Naples, FL

Sold! Storage King scores facility in Naples, FL

Andover Properties purchased Jim’s Stowaway, a 105,000-square-foot self-storage facility at 3527 Radio Road in Naples, FL from a private owner. The property, which has 13 buildings across 8.1 acres, will operate as Storage King USA. The facility has 600 units,...

Sold! Four-property portfolio in FL sells for $10.1 million

Sold! Four-property portfolio in FL sells for $10.1 million

An unnamed private investor purchased the Gadsden Mini Storage Portfolio, a 95,800-square-foot package in Quincy, FL, with a total of 701 units, for $10.135 million (below). The portfolio, located near Tallahassee, includes four properties. Hunter Robey and Chris...

Sold! Marcus & Millichap facilitates sales of Texas storage sites

Sold! Marcus & Millichap facilitates sales of Texas storage sites

The LeClaire-Schlosser Group of Marcus & Millichap announced the sale of AA Storage in Houston, TX. The facility has 49,539 NRSF. Dave Knobler and Charles LeClaire had the listing to market the property for the seller and also found the buyer. Marcus &...

Sold! Compass Self Storage enters Houston MSA with latest buy

Sold! Compass Self Storage enters Houston MSA with latest buy

Compass Self Storage purchased a self-storage center at 25528 Aldine Westfield Road in Spring, TX. Charles LeClaire and Dave Knobler from The LeClair Group of Marcus & Millichap brokered the transaction. It marks Compass’ first location in the Houston market....

Sold: Utah’s largest storage facility gets a new owner

Sold: Utah’s largest storage facility gets a new owner

Utah’s largest self-storage facility has traded hands. Storage General Cedar, located in Cedar City, spans more than 456,758 square feet and has 2,133 units. The LeClaire-Schlosser Group of Marcus & Millichap arranged the sale, representing both buyer and seller....

Sold! Rosewood Property buys first facility in Arizona

Sold! Rosewood Property buys first facility in Arizona

Rosewood Property Co. bought a new self-storage facility at 770 N. Kolb Road in Tucson, AZ. It’s the company’s 78th facility nationwide and first in Arizona, and was built at the former home of the Gateway Century 12-movie theater. The facility has 66,429 square feet...

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

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

Wentworth Property Co. purchased a three-property self-storage portfolio that has 1,912 units in the Atlanta, GA MSA for $43.5 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor that operated facilities under the name Gwinnett Self...

Sold! Prestige Storage buys 12 facility portfolio in Michigan

Sold! Prestige Storage buys 12 facility portfolio in Michigan

Prestige Storage closed the acquisition of a 12 facility portfolio in western Michigan with partner Peaceable Street Capital. The facilities are located in Muskegon, Fruitport, Spring Lake, Kent City and West Olive. Together, the properties offer a total of 490,302...

Sold! Fund adds 10 facilities to remotely-managed portfolio

Sold! Fund adds 10 facilities to remotely-managed portfolio

Liberty Investment Properties, based in Orlando, FL, raised more than $43 million in equity for its Liberty Storage Fund II to buy self-storage facilities in the Southeast region of the United States. The new fund has bought 10 self-storage assets to date and is...

Sold! 10 Federal adds Georgia facilities to unmanned portfolio

Sold! 10 Federal adds Georgia facilities to unmanned portfolio

10 Federal has acquired the ASAP Storage portfolio of facilities located in Temple and Villa Rica, Georgia for $78 per square foot. Spanning a total of 96,000 square feet of storage space, the three facilities provide a combined 664 units and 70 parking spaces. The...

Sold! Public Storage buys Virginia facility for $4.5 million

Sold! Public Storage buys Virginia facility for $4.5 million

Public Storage purchased Chesdin Storage, a 40,600-square-foot facility in North Dinwiddie, VA, for $4.5 million. The facility, located at 23150 Airpark Drive, features 331 drive-up, climate-controlled units, plus parking on 3.66 aces. The facility has been close to...

Sold! MV Investment sells newly built facility in Florida

Sold! MV Investment sells newly built facility in Florida

MV Investment sold a newly constructed climate-controlled self-storage facility at 807 High School Road in Tallahassee, FL. The buyer was not named. The facility has 882 units spread across 118,500 square feet and is near Florida State University. It has ground-level...

Sold! CBRE and WWG join forces for 14-property portfolio buy

Sold! CBRE and WWG join forces for 14-property portfolio buy

A CBRE Investment Management fund purchased a portfolio of 14 self-storage sites totaling 8,697 units in Southern California and Utah. CBRE partnered with the William Warren Group on the deal. WWG will manage the acquired facilities under its StorQuest Self Storage...

Sold! KKR unloads four storage facilities for $80 million

Sold! KKR unloads four storage facilities for $80 million

New York City-based KKR, an investment firm, sold four self-storage properties totaling 2,897 units for about $80 million. Two are in Austin, TX and two others are in Phoenix, AZ and Riverside, CA. The properties were sold in two different transactions with different...

Sold! KKR unloads four storage facilities for $80 million

Sold! KKR sells Riverside, CA facility for $23M

Global investment firm KKR has sold three self-storage facilities recently with the help of the CBRE Self Storage Advisory Group, including one in California for $23 million. Dallas-based operator Baranof Holdings purchased the 774-unit self-storage facility at 3111...

The Roll Up: Talonvest closes $23.4 million loan for C/O deal

The Roll Up: Talonvest closes $23.4 million loan for C/O deal

Talonvest Capital Inc. of Irvine, CA – along with their client Strategic Storage Growth Trust III Inc. - announced the closing of a $23.4 million bridge loan financing the certificate of occupancy acquisition of a facility in Chula Vista, CA. Strategic Storage is a...

Sold! Public Storage buys 28-property Florida portfolio

Sold! Public Storage buys 28-property Florida portfolio

Public Storage has purchased a portfolio of 28 self-storage facilities in and around Ocala, FL from regional operator Neighborhood Storage (below). The seller retains a single facility in the market. The portfolio spans more than one million square feet of storage...

Sold! KKR unloads four storage facilities for $80 million

Sold! The Villages self-storage facility trades for $8.8 million

CBRE announced the $8.8 million sale of a self-storage facility in The Villages, FL, one of the best-known master-planned communities in the nation, and it has more than 80,000 households. Coleman Self Storage LLP was the seller and Allendale Ventures LLC the buyer....

Sold! KKR unloads four storage facilities for $80 million

Sold! Boardwalk Development sells 10-property Southeast portfolio

Boardwalk Development Group sold a 10-property, 3,369-unit self-storage portfolio located in Atlanta, Georgia and Tennessee. The properties operate under the Mini Mall Storage brand. The purchaser was Avenue Living Asset Management. The Alabama facility is in Opelika....

Sold! KKR unloads four storage facilities for $80 million

Sold! Bluebird enters B.C. with historic purchase

Bluebird Self Storage purchased one of the oldest storage facilities in North America as its first location in Victoria, British Columbia, Canada. The four-story, 16,000-square-foot City Center Storage building at 824 Johnson St. was constructed in 1901. Originally,...

Sold! KKR unloads four storage facilities for $80 million

Sold! CubeSmart-managed facility in SC sells for $11 million

Merit Hill Capital bought its second Broward County property, a four-building self-storage facility, in less than one month. An affiliate of Brooklyn, NY-based Merit Hill paid $17 million for the 326-unit Pines West Storage Center at 400 Northwest 172nd Ave. in...

Sold! KKR unloads four storage facilities for $80 million

Sold! Wedgewood sells TN storage operation for $17.3M

Nashville-based Wedgewood Avenue sold a four-property self-storage portfolio in Murfreesboro, TN. Wedgewood operated the portfolio via a hub and spoke model with all operations centralized at the facility located at 2425 S Church Street (below). Wedgewood acquired the...

Sold! KKR unloads four storage facilities for $80 million

Sold! Prime Storage buys FL facility for $35 million

Riverbend Storage Property LLC sold its four-story, 132,848-square-foot, 886-unit self-storage facility at 2401 W. Broward Blvd. in Fort Lauderdale, FL (below) to Prime Storage Riverbend LLC for $35 million. The buyer is an affiliate of Saratoga, NY-based Prime...

Sold! KKR unloads four storage facilities for $80 million

Sold! Weekly Self-Storage News Round Up 10.27.22

Life Storage paid $142 million in cash to buy a self-storage portfolio of partnerships that Bill Levine and Andrew Cohn, principals of Phoenix, AZ-based Levine Investments, own and control. The duo developed the portfolio of Allstate Self Storage-branded properties...

Sold! KKR unloads four storage facilities for $80 million

Sold! Weekly Self-Storage News Round Up 10.20.22

A $14.2 million self-storage facility sale has taken place in Pawtucket, RI. Utah-based WSP II Pawtucket LLC, is affiliated with Extra Space Storage, which owned and renovated the property in the last two years. The two-story facility is at the former Southeastern...

Sold! KKR unloads four storage facilities for $80 million

Sold! Weekly Self-Storage News Round Up 9.21.22

Extra Space Storage Inc. paid $590 million to purchase Storage Express, adding 107 remotely-operated facilities to its portfolio. The purchase included all the assets of Indianapolis, IN-based Storage Express in Indiana, Ohio, Illinois and Kentucky, plus 14 future...

Sold! KKR unloads four storage facilities for $80 million

Sold! Weekly Self-Storage News Round Up 8.31.22

Merit Hill Capital bought two self-storage facilities totaling 108,000 square feet in Auburn, CA for $21 million (below). CBRE’s Self Storage Advisory Group represented the seller. The two sites have a total of 938 units and include RV parking spaces. Source:...

The Roll Up: Talonvest closes $23.4 million loan for C/O deal

The Roll Up: Weekly Self-Storage Development News 8.24.22

Highland Development Ventures LLC and The Davis Companies are building a 17-story self-storage facility at 155 West 29th Street in the Chelsea district of Manhattan. The 180,000-square-foot project will offer 6,300 units. Construction of the $84 million facility has...

SOLD! Weekly Self-Storage News Round Up 8.10.22

SOLD! Weekly Self-Storage News Round Up 8.10.22

Wong Cubes LLC has purchased Aubin Lane Self Storage LLC for $1.25 million in Baton Rouge, LA. The facility is on Aubin Lane near the Cedarcrest Avenue I-12 overpass. Christopher DeCesare is the registered agent for the seller, Aubin Lane Self Storage LLC. Randy D....

SecureSpace Self Storage Announces Biggest Deal in Company’s History

SecureSpace Self Storage Announces Biggest Deal in Company’s History

SecureSpace Self Storage today announced the biggest deal in the company's history, acquiring 11 facilities with a total of 650,000 square feet in Texas, California and Oregon. The company, part of InSite Property Group in Torrance, CA, strengthened its presence in...

Sold! Weekly Self-Storage News Round Up 8.3.22

Sold! Weekly Self-Storage News Round Up 8.3.22

SecureSpace bought Nalley Valley Self Storage at 2001 S. Tacoma Way in Tacoma, WA, which will be rebranded as SecureSpace Nalley Valley. The four-story property has 60,272 square feet and 118 rentable parking spots. It’s SecureSpace’s sixth store in the Seatle MSA and...

Sold! KKR unloads four storage facilities for $80 million

Sold! Weekly Self-Storage News Round Up 7.6.22

Spartan Investment Group, based in Denver, CO, made its first acquisition under its new self-storage fund, Spartan Storage Fund 1. It purchased FreeUp Storage Havelock, a 1,528-unit facility at 400 McClotter Blvd. in Havelock, NC (pictured below). It includes 27...

Sold! KKR unloads four storage facilities for $80 million

Sold! Weekly Self-Storage News Round Up 4.27.22

Adams Property Group sold a Monster Self Storage facility at 5109 Robinhood Village Drive in Winston-Salem, NC, as part of a portfolio deal for a combined $48.5 million. Also sold were facilities in Charleston, SC and Savannah, GA. Life Storage was the buyer and all...

Sold! Weekly Self-Storage News Round Up 3.23.22

Sold! Weekly Self-Storage News Round Up 3.23.22

Harrison Street, based in Chicago, IL, sold a portfolio of 12 self-storage facilities in four states for an undisclosed price. The buyers are Storage Post and Life Storage. The portfolio totals 625,598 rentable square feet across properties in Texas, New York, North...

Sold! Weekly Self-Storage News Round Up 3.16.22

Sold! Weekly Self-Storage News Round Up 3.16.22

Brookfield Asset Management entities paid a combined $90 million for three properties in Brooklyn, NY: The company bought a 67,000-square-foot self-storage building at 235 Park Ave. in Clinton Hill, Brooklyn, for $32 million. Maddd Equities, Joy Construction and Cayre...

Clutter and MakeSpace merge to form one company

Clutter and MakeSpace merge to form one company

It seems as though the valet storage wars are nearing an end. The two largest full-service storage companies, Clutter and MakeSpace, announced this morning that they are merging into one. The combined platform will operate under the Clutter brand and offer its...

Sold! Weekly Self-Storage News Round Up 2.23.22

Sold! Weekly Self-Storage News Round Up 2.23.22

10 Federal had a very busy Feb. 17th. That day, the 10 Federal Self Storage Acquisition Company 1 LLC sold the remaining eight properties in its first investment fund to Frigatebird Investments, finishing the liquidation of all remaining self-storage assets. The...

Sold! Weekly Self-Storage News Round Up 2.2.22

Sold! Weekly Self-Storage News Round Up 2.2.22

Wheat II-Margate LLC, managed by James Lockhart of Lithia-based 3L Capital, sold a 133,872-square-foot self-storage facility on 2.6 acres at 5600 NW 31st St. in Margate, FL to Agap Margate LLC, in care of New York City-based Andover Properties, for $18.51 million....

Valet storage firm Doorage acquires Boston operation

Valet storage firm Doorage acquires Boston operation

Doorage Storage is buying Boston’s On Demand Storage as part of its plan to expand its pickup-and-delivery services across the Northeast. Meanwhile, the Chicago-based Doorage, founded five years ago, is launching new services in Las Vegas and Columbus, OH as it...

Sold! Weekly Self-Storage News Round Up 1.12.22

Sold! Weekly Self-Storage News Round Up 1.12.22

Rosewood Property Co. has made its biggest deal ever, purchasing 16 self-storage facilities spread among 12 states from Extra Space Storage. The deal includes a total of about 12,000 units and 1.3 million net rentable square feet. Extra Space Storage will manage most...

Sold! Weekly Self-Storage News Round Up 1.5.22

Sold! Weekly Self-Storage News Round Up 1.5.22

The sale of four self-storage facilities by affiliates of two major REITs totaled $80 million in North Carolina last month. A CubeSmart affiliate sold the four properties, which are in Wake and Durham counties, to Public Storage affiliate PS NC III LP.  The properties...

Sold! Weekly Self-Storage News Round Up 12.15.21

Sold! Weekly Self-Storage News Round Up 12.15.21

Extra Space Storage Inc. bought its location at 408 N. Primrose Drive in Orlando, FL, for $16.03 million on Dec. 6 from the original developer, an entity tied in with Titan Properties, based in Winter Park, FL. Titan built the three-story, 98,052-square-foot facility...

Sold! Weekly Self-Storage News Round Up 12.8.21

Sold! Weekly Self-Storage News Round Up 12.8.21

Spartan Investment Group purchased 18 self-storage facilities totaling 742,285 square feet in Texas this quarter, and said it has executed its plan to expand its FreeUp Storage brand across the United States. The Texas buys are in Dallas-Fort Worth and East Texas,...

Sold! Weekly Self-Storage News Round Up 12.1.21

Sold! Weekly Self-Storage News Round Up 12.1.21

HAN Capital, a Chicago-based real estate investment firm, has completed its acquisition of Wylie Boat & RV Storage in Northeast Dallas. The 153-unit facility is located on more than 10 acres of land in the rapidly growing town of Wylie, TX, a suburb of Dallas,...

Sold! Weekly Self-Storage News Round Up 10.27.21

Sold! Weekly Self-Storage News Round Up 10.27.21

Life Storage, at 825 Third Avenue South in downtown Nashville, TN, and sometimes called SoBro Storage, has sold for $14.8 million. It has 58,229 square feet and is located near live music venue Third & Lindsley. Public Storage of Glendale, CA is the buyer and also...

Sold! Weekly Self Storage Acquisition Round Up – Sept. 2021

Sold! Weekly Self Storage Acquisition Round Up – Sept. 2021

NitNeil Partners, a self-storage developer based in Atlanta, GA, has closed out one portfolio and made plans for a new one. In August, the company sold a 22-property folio to Life Storage Inc. NitNeil is at work building a new portfolio that is currently spread around...

Sold! Weekly Self Storage Acquisition Round Up 8.25.21

Sold! Weekly Self Storage Acquisition Round Up 8.25.21

Titan Development sold the last four self-storage assets in its inaugural fund, the Titan Real Estate Development Fund I, a $112 million private-equity real estate fund. Titan is a full-service department and real estate investment firm, and invests in industrial,...

Sold! Self-Storage Acquisition News From April 2021

Sold! Self-Storage Acquisition News From April 2021

This page is an archive of self-storage acquisition news from April 2021. For the latest news, click here. Angelo Gordon, in a joint venture with Andover Properties, purchased Santa Clarita Storage, a 105,743-square-foot self-storage facility at 24314 The Old Road in...

Sold! Self Storage Acquisition News from March 2021

Sold! Self Storage Acquisition News from March 2021

This page is an archive of self-storage acquisition news from March 2021. To have your transactions included in the Sold! column, submit details about your acquisitions here. Berkshire Hathaway Storage Group reports the following: Buyer: Institutional private equity...

Sold! Self-Storage Acquisition News for February 2021

Sold! Self-Storage Acquisition News for February 2021

This page is an archive of self-storage acquisition news from February 2021. To have your transactions included in the Sold! column, submit details about your acquisitions here. Acquisition news from 2/24/2021: The Loeffler Self-Storage Group reports the following:...

Sold! Self Storage Acquisition News for January 2021

Sold! Self Storage Acquisition News for January 2021

This page is an archive of self-storage acquisition news from January 2021. Acquisition news from 1/27/2021 JLL reports the following: Buyer: National Storage Affiliates Seller: The Jenkins Organization Number of locations: 14 facilities Location: Texas, Minnesota,...

Sold! Self Storage Acquisition News for December 2020

Sold! Self Storage Acquisition News for December 2020

This post is an archive of self-storage acquisition news from the month of December 2020. For the latest acquisition news, check out the most recent edition of Sold! by clicking here. Acquisition news from 12/2/2020 Garage Plus Self Storage in Spanaway, WA was sold...

Sold! Self Storage Acquisition News for November 2020

Sold! Self Storage Acquisition News for November 2020

This is an archive of self-storage acquisition news items collected during the month of November 2020. News from the week of 11/4/20 Michigan-based Storage Pros Management LLC has sold a 16-property self-storage portfolio in New England to SROA Capital, a...

Sold! Self Storage Acquisition News For October 2020

Sold! Self Storage Acquisition News For October 2020

An archive of weekly acquisition news from the month of October. News from the week of 10/14/20: Seattle-based Urban Storage purchased the Storage One self-storage facility at 1105 Sunset Boulevard NE in Renton, WA for $12.2 million, according to local property...

Sold! Weekly Self Storage Acquisition Round Up 6.5.19

Sold! Weekly Self Storage Acquisition Round Up 6.5.19

Cameron Vale and Ryan Clark of Tampa, FL-based SkyView Advisors report the sale of a four-facility portfolio in the Miami, FL, area to Glendale, CA-based Public Storage. The facilities were developed and sold by Banner Storage Group. Skyview represented the seller....

Sold! Weekly Self-Storage Acquisition Round Up 5.22.19

Sold! Weekly Self-Storage Acquisition Round Up 5.22.19

Holliday Fenoglio Fowler LP (HFF) represented the seller of Charlotte Pike Storage in Nashville, TN. The buyer was Charlotte, NC-based Proffitt Dixon Partners LLC; the seller was Dallas, TX-based Provident Realty Advisors Inc. The Nashville Post reported the sale...

Retiring boomers power a surge in Florida self-storage deal volume

Retiring boomers power a surge in Florida self-storage deal volume

The self-storage acquisition market in the Sunshine State is quite sunny, with no clouds in sight. Data supplied to the SpareFoot Storage Beat by data provider Yardi Matrix shows the number of self-storage deals in the 10 Florida metro areas that it tracks jumped 64...

Developers doubled down on storage in 2017

Developers doubled down on storage in 2017

The self-storage industry built more than twice as many storage facilities in 2017 than it did the year before. That is according a new findings released by Union Realtime, a data firm that tracks the industry. The company identified a total of 791 self-storage...

Two Nashville self-storage facilities fetch $38 million

Two Nashville self-storage facilities fetch $38 million

Chicago, IL-based real estate investment firm Harrison Street Real Estate Capital LLC and Irvine, CA-based self-storage owner and operator Westport Properties Inc. bought two self-storage facilities in the Nashville, TN, market for a combined total of nearly $38...

After selling 27 facilities, joint venture is ready to buy more

After selling 27 facilities, joint venture is ready to buy more

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...

13-property portfolio sells for nearly $100 million in Northeast

13-property portfolio sells for nearly $100 million in Northeast

A portfolio of 13 facilities, spanning 700,000-square-feet in four states, was sold for nearly $100 million to an unnamed institutional joint venture. "A nearly $100 million transaction closing in the last days of the year is on par with previous year-end closing...

StorageMart enters UK market with major portfolio buy

StorageMart enters UK market with major portfolio buy

StorageMart traveled "across the pond" for its latest self-storage acquisition—the Columbia, MO-based operator acquired a 15 property portfolio in the United Kingdom for more than 100 million British pounds, or more than $122 million in U.S. dollars. The facilities...

Public Storage buys 11 facilities in ‘oversupplied’ Oklahoma City

Public Storage buys 11 facilities in ‘oversupplied’ Oklahoma City

Public Storage purchased a portfolio of 11 facilities in the Oklahoma City market last week, doubling the number of facilities it operates in the state. The portfolio was sold by Switzer’s Locker Rooms. Former University of Oklahoma football coach Barry Switzer...

iStorage sells 66-property portfolio for $630 million

iStorage sells 66-property portfolio for $630 million

Winter Haven, FL-based iStorage has struck a deal to sell its 66-facility portfolio to a publicly traded self-storage REIT for $630 million. National Storage Affiliates (NSA) has partnered with an undisclosed state pension fund to acquire the company.  The pension...

Sovran Self Storage sheds Uncle Bob’s brand name

Sovran Self Storage sheds Uncle Bob’s brand name

Following the $1.3 billion acquisition of 84 stores from Sacramento, CA-based Life Storage, publicly traded self-storage REIT Sovran Self Storage announced that they are eliminating the Uncle Bob's Self Storage brand name. The self-storage operator will rebrand its...

As appetite for storage acquisitions grows, will sellers show?

As appetite for storage acquisitions grows, will sellers show?

The self-storage investment sales market continues its hot streak as it enters 2016. The sector produced another strong year of sales into 2015, and the momentum continues to build. Real Capital Analytics reported a spike in sales in 2015 with an estimated $4.3...

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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.

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