The William Warren Group purchased three self-storage facilities in Miami-Dade County for $100 million. The facilities were sold by CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties, operator of US Storage Centers. The facilities are located at 1396 Northeast 125th Street, 1555 West Dixie Highway and 13301 Southwest 87th…
Saratoga, NY-based Prime Group Holdings continues its high-priced acquisition streak in New York City with the $26.5 million purchase of two adjacent facilities in Queens. The properties at 109-09 180th Street and 180-05 110th Avenue span a combined 106,000 square feet. The property previously operated as a Treasure Island Storage facility and was sold by Cayre…
After seven years on the job, David Rogers will step down as CEO of Williamsville, NY-based storage REIT Life Storage effective March 2019. The company will promote current Chief Investment Officer Joseph Saffire to the top spot. Rogers will retain a seat on the company’s board of directors. “His efforts to advance our real estate…
AUSTIN, TEXAS, August 30, 2018— storEDGE, a cutting-edge technology organization, is now part of the SpareFoot and SiteLink self-storage technology family, backed by Cove Hill Partners. storEDGE brings a host of best-in-class products to the existing offerings of SpareFoot and SiteLink, including marketing websites, online rentals and cloud access control tools, in addition to their…
Owned by Santa Monica-based real estate firm The William Warren Group, storage operator StorQuest Self Storage has steadily grown from its SoCal beginnings into a network of 145 self-storage facilities across the country. As developers churn out new facilities across the country, StorQuest is putting an even bigger emphasis on its third-party management platform than ever before. Many of…
Austin, TX August 1, 2018 — SpareFoot, the largest marketplace for self-storage, has been awarded Best Online Directory from Inside Self-Storage (ISS) for the 8th consecutive year. Every year, Inside Self-Storage hosts a ISS Best of Business contest for the best vendors in the industry. “SpareFoot would like to thank all the excellent clients who’ve…
National Storage Affiliates, a Greenwood Village, CO-based real estate investment trust, has struck a deal to acquire 112 self-storage locations from Orlando, FL-based Simply Self Storage for $1.325 billion dollars. Simply is majority owned by Toronto-based Brookfield Asset Management. The portfolio features 8.7 million rentable square feet of space in over 68,000 storage units. The properties…
Raleigh, N.C. June 15, 2018 — SiteLink, the global leader in cloud-based software and payment processing for storage operations of all sizes, announces a new interactive site map, complete with 3D rotating views and website compatibility. The 3D Map is a major addition to myHub for the many users operating from tablets, often directly from…
For the first time since 2013, the average price of a self-storage unit in Illinois has increased above $81 according to recent data from SpareFoot. In 2017, the average price was $81.34 which was up from $79.71 in 2016, and just under the highest average so far this decade—$81.65. Since 2010, prices increased in the…
With about $3.5 billion spent on self-storage development in 2016, and up to $4 billion expected this year, the outlook for next year is still up in the air. Even the country’s largest self-storage operator is still discerning which way the development winds will blow. “2019 I would say is still a bit cloudy,” said…
