Self-storage REIT Extra Space Storage on Feb. 18 issued a relatively weak forecast for 2020, highlighting what a research note from Citi called “continued deceleration” across the self-storage market. Along with reporting financial results for 2019, Salt Lake City, UT-based Extra Space projected key indicators for 2020. The REIT expects same-store revenue growth of 0.75…

Public Storage, the largest self-storage REIT in the U.S., has made a nearly $2 billion buyout bid for Australia’s National Storage REIT. National Storage revealed the unsolicited offer from Public Storage in a Feb. 14 news release. The potential deal is valued at $1.9 billion in Australian currency and nearly $1.3 billion in U.S. currency….

Moose Crossing Storage Associates LLC purchased Moose Crossing Self Storage in Blakeslee, PA, from Lancaster, PA-based Gearhart Properties LLC for $3.96 million. The facility, on 4.9 acres at 321 Route 940, comprises 321 units and an apartment. The square footage wasn’t provided. Chuck Shields, a self-storage specialist at Radnor, PA-based Beacon Commercial Real Estate who’s…

A $20 million project underway in the Austin, TX, market serves as the springboard for what a real estate startup envisions being a national brand of high-end, for-sale storage condos. Construction is set to begin in January or February near the Austin suburb of Lakeway on XSpace’s first luxury storage condo project. The location is…