NYC-based Andover Properties, operator of the Storage King USA brand, has purchased its first storage facility in the state of Colorado. In partnership with investment firm Angelo Gordon, Andover acquired U-Stor-All Self Storage in Denver for an undisclosed price. “We’re excited to be entering yet another new market – the majority of the deals we’ve…

The recent earnings reports released by the publicly traded self-storage REITs provide an up close look at how the self-storage industry has been affected by the COVID-19 pandemic and response. For the most part, self-storage operations remain resilient with same-store earnings and revenues up year-over-year during the first quarter of 2020 at Extra Space Storage,…

Lenders are pulling back in response to the unprecedented uncertainty posed by the COVID-19 pandemic, but select self-storage operators are still able to secure financing. “A significant number of lenders have moved to the sidelines,” said Jim Davies, a principal of self-storage capital advisor firm Talonvest Capital. Talonvest brokers loans for storage operators primarily from…