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…

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…

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,…

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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,…