Extra Space solar Extra Space solar

The self-storage industry is still in the early adopter stage when it comes to rooftop solar. But that interest is growing along with a stronger financial case for adding the renewable energy source. Major REITs such as Extra Space Storage, CubeSmart and the non-traded Strategic Storage Trust, have all introduced rooftop solar within their portfolios….

Self-storage buyers hungry for yield have been chasing freshly developed “certificate of occupancy” deals where they can earn a higher return in exchange for taking on the lease-up risk—and none of the construction risk—of a newly built property. Buyers of C/O deals, as they are commonly called, are finding they can cash in with a…

Liberty Investment Properties recently announced that it has promoted Mark Poole from Regional Manager to Director of Operations for Self Storage Operations. Liberty specializes in the development and operation of high-performing, income producing, commercial real estate. Poole also serves as the current Chairman of the National Self Storage Association’s Young Leaders Group (YLG) and President…

Atlanta-based Boardwalk Development Group launched its new Boardwalk II investment strategy in mid-August that will target stable, cash-flowing self-storage assets in secondary and tertiary markets throughout the southeastern U.S. SpareFoot recently talked with CEO Rajen Sheth to learn more about what’s driving that strategy and the opportunities he expects to find in the current market….

Self-storage is starting to become a victim of its own success. Operators are reeling from a double punch—rising tax rates across many jurisdictions along with higher assessed property values. The specter of rising assessments is coming just as large and small operators alike are expected to face greater competition from new development and decelerating revenue…