Storage Inns of America, which is based in Washington Township, OH, plans to bring more self-storage to the area with the construction of 80,000 square feet spread over nine new buildings at 1840 Woodman Center Drive in Kettering, OH. It will be built on 5 acres and will include household units, commercial storage for businesses…
The Storage Acquisition Group has established a presence in Canada and named Lloyd McDonald director of Canadian acquisitions. He is based in Calgary, Alberta. McDonald will focus on purchasing storage facilities and portfolios directly, meaning owners don’t have to list their assets. McDonald’s background includes real estate and building a private financial services firm that…
Boise, ID-based Forge Building Co recently announced it landed 10 new self-storage building projects with a combined total of more than 600,000 square feet in six Idaho cities: Boise, Meridian, Eagle, Hailey, Twin Falls and Rupert. “We’re actually hiring a lot right now and are looking for great talent,” said Roger Burgin, COO, who joined…
This page is an archive of self-storage development news from April 2021. For the latest development news, check here. Eagle Land LLC hopes to include 100,000 square feet of self-storage in The Enclave, a development that would include one- and two-story commercial/retail buildings and 84 single-family lots in Memphis, TN. The DeSoto County Board of…
Everyone knows the pandemic has wreaked havoc with the U.S. and world economies, with massive layoffs and closed businesses. But the nation’s self-storage industry has thrived amidst the chaos, according to industry experts, with more growth to come. “Self-storage was the best-performing real estate asset class for the last 12 months,” said Cory Sylvester, principal…
DXD Capital got a nice present during the holiday season: Its new DXD Self Storage Fund I, which it launched in September with a goal of raising $50 million, garnered $12.5 million before Thanksgiving. “We really started the capital raise Sept. 1,” said Drew Dolan, principal and fund manager for DXD, which is based in…
This post is an archive of self-storage development news from February 2021. For the latest news, check out the latest edition of The Roll Up column here. Development news from 2/24/2021: InSite Property Group acquired a development site in San Pedro, CA. Located with visibility from Gaffey St (18,000 vehicles pass per day), the site…
This post is an archive of self-storage development news from January 2021. For the latest news, check out the latest edition of The Roll Up column here. Development news from 1/27/2021 AAA Self-Storage plans to construct a two-story, 76,312-square-foot facility on Lewisville-Clemmons Road in Clemmons, NC. It will be built along the east side of Lewisville-Clemmons,…
Elevation Capital Group strongly believes it’s found a winning formula by investing in a combination of self-storage facilities and mobile home parks. Its Fund 7 (MHPI VII LLC) opened in April 2017, attracted more than 500 members and raised $150 million – in an offering that began with a $100 million maximum—before closing April 1,…
This post is an archive of self-storage development news reported during the month of December. For the latest news, check out the latest edition of The Roll Up column here. Development news from 12/2/20: Always Sunny Storage of Winslow, ME, opened a new climate-controlled storage facility at 69 Chaffee Brook Road in Waterville, ME. It’s…
