Katy, TX-based Pinnacle Storage Properties purchased five self-storage facilities in the Pacific Northwest through a joint venture with a business called CFJ LLC. The sellers weren’t identified. The purchase prices weren’t disclosed. The facilities are: Sherlock Storage and Gold Street Storage, both in Centralia, WA. Three Titan Self Storage facilities in Kelso, WA; Roseburg, OR;…

The two-facility East Self Storage portfolio in West Columbia, SC, has changed hands. Michael Morrison of Hilton Head Island, SC-based Midcoast Properties Inc. handled the deal. The buyer and seller weren’t identified. The purchase price wasn’t disclosed. The facilities, at 3943 Platt Springs Road and 1351 Lake Dogwood Drive, offer a combined 337 units across…

Geographically, self-storage REIT Life Storage is taking a turn in its buying-and-selling strategy. The company recently broke into two new markets — Seattle, WA, and Baltimore, MD — while scaling back its position in Texas. During the REIT’s second-quarter earnings call Aug. 2, CEO Joe Saffire said Life Storage plans to bulk up its presence…

National Storage Affiliates National Storage Affiliates

As it absorbs the second-quarter purchase of 24 wholly owned facilities for $185.3 million, National Storage Affiliates Trust expects to pounce on more potential acquisitions once asking prices fall. Arlen Nordhagen, chairman and CEO of the Greenwood Village, CO-based REIT, said during the company’s second-quarter earnings call that he and his colleagues are keeping an…

In the recently wrapped-up second quarter, Extra Space Storage and joint venture partners bought an 11-facility, off-market portfolio for about $228.5 million. The self-storage REIT also purchased a certificate-of-occupancy project, and it’s got another eight facilities under contract for $41 million. However, during the rest of 2019 and heading into 2020, Salt Lake City, UT-based…

A joint venture between CubeSmart and Heitman LLC was the recent seller of a 50-facility self-storage portfolio that fetched nearly $294 million, CubeSmart revealed July 26. When the deal was announced July 11, the seller was identified only as a joint venture between an institutional investment adviser and a publicly traded self-storage REIT. The sale…

Lake Forest, IL-based Metro Storage LLC purchased two self-storage facilities — one in Florida and the other in Tennessee. In Florida, the company bought an Extra Space Storage-branded facility in Orlando. The seller wasn’t identified; the purchase price wasn’t disclosed. The facility, at 7500 W. Colonial Drive, encompasses 641 units in 62,607 rentable square feet….