Storable, the parent company of SpareFoot, has acquired US Storage Search and its platforms, including Storage.com. Storable issued the following statement announcing the closing of the deal: Storable empowers storage owners through industry-leading technology in many ways, including generating rental reservations through our consumer marketplace, SpareFoot. Our ability to drive high quality reservations has just…
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: Buyer: Not provided Seller: Downtown Tucson Storage LLC Facility name: Wildcast Storage Location: W. Saint Mary’s Road…
A family-owned self-storage operator on the East Coast is looking for a buyer for its 48-property portfolio. If successful, the deal could fetch north of $2 billion—making it among the largest portfolio transactions in self-storage history. According to a source affiliated with a potential purchaser, Columbia, MD-based ezStorage is shopping its portfolio to a limited…
Updated 1/27/2021 This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have data that you’d like to share or have a question about data on this page, please email editor@sparefoot.com. Self-storage sector snapshot Average monthly…
As part of the sale of his multimillion truck part business RealTruck.com in 2015, entrepreneur and author Scott Bintz agreed to a non-compete clause. That meant he couldn’t launch any kind of e-commerce business for five years. So, he built a self-storage facility. “I’d sold RealTruck.com,” Bintz told the SpareFoot Storage Beat, “I built a…
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, and Missouri Net square footage: 845,401 Number of units: 8,517 Brokers involved: Steve Mellon, Brian Somoza, David Berglund, and Blaise Tomazic of JLL represented…
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 for $14.1 million, representing a cap rate of 7%. Christopher R….
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 storage-invested private equity firm based in West Palm Beach, FL. Storage Pros was represented by…
Blackstone Real Estate Income Trust, Inc (BREIT), a REIT managed by the worldwide real estate investment firm Blackstone, has struck a deal to purchase the Simply Self Storage portfolio for an estimated $1.2 billion. The portfolio is being sold by Brookfield Asset Management, which first acquired a majority stake in the company for $830 million…
The world’s second richest man is joining forces with the eighth largest self-storage company. Bill Gates, co-founder of Microsoft, has acquired an ownership stake in Columbia, MO-based storage operator StorageMart. The investment in the company was made via Cascade Investment LLC, a private investment entity controlled exclusively by Gates. Gates was not the only investor…
