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 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…

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…