Culver City, CA-based on-demand storage company Clutter has closed the nascent industry’s biggest funding round yet. Investors are putting $200 million into the four-year-old company, which will enable the firm to rapidly expand into new markets across the United States. Clutter also says it will be “doubling down” on its existing operations in Los Angeles,…

Did self-storage giant Public Storage mislead tenants into buying their in-house insurance product? That’s the central question at the heart of a class action trial that started in California on Monday. The suit seeks $100 million in restitution for the plaintiffs who claim that employees of the storage REIT told customers that they must buy…

One of the country’s largest self-storage companies is starting the year by refinancing the bulk of its U.S. portfolio with a major CMBS deal. Columbia, MO-based self-storage operator StorageMart landed the $814.1 million financing from Citi Real Estate Funding. The CMBS (short for commercial mortgage-back securities) funding is secured by 101 self-storage facilities spread across…

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…