1604 Store and More, a 140,220-square-foot self-storage facility located in San Antonio, TX, has been sold. The facility is situated on approximately 11.3 acres of land and features 269 climate controlled units and 289 non-climate controlled units. Ryan Clark, director of investment sales and Cameron Vale, senior associate at SkyView Advisors represented the seller. Red…

Strategic Storage Trust IV Inc., a public non-traded REIT affiliated with Ladera Ranch, CA-based SmartStop Asset Management LLC, purchased a six-facility self-storage portfolio in the Houston, TX, metro area and nearby College Station, TX, from Cypress, TX-based Metro Mini Storage Inc. The purchase price wasn’t disclosed. The portfolio comprises 3,400 storage units and 200 RV…

A pair of Lock It Up Self-Storage facilities in Northern California have changed hands in separate deals totaling $27.8 million. An unidentified multifamily investor purchased the 517-unit facility at 220 W. Ahwanee Ave. in Sunnyvale, CA; it has 44,781 net rentable square feet. The purchase price was $15.5 million. Meanwhile, an unidentified private investor purchased the…

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Two related self-storage REITs, Strategic Storage Growth Trust Inc. and Strategic Storage Trust II Inc., are merging in a stock-and-debt deal valued at $340 million that would bring ownership of more than 100 self-storage facilities under one umbrella. The $12-per-share deal materialized after Strategic Storage Growth Trust explored “strategic alternatives.” The boards of the two…

Charlotte, NC-based Madison Capital Group LLC purchased The Vault on 17th in Wilmington, NC, from The Vault on 17th LLC for $8 million, according to WilmingtonBiz.com. The seller comprises several principals at GHK Cape Development LLC and Crete Investments LLC, both based in Wilmington. The 76,000-square-foot, 552-unit facility is at 1113 S. 17th St. The…

For years, institutional investors and equity funds mostly shied away from the self-storage sector. In 2015, they represented just 5 percent of self-storage acquisitions of at least $2.5 million, data from Marcus & Millichap Research Services and Real Capital Analytics shows. But the institutional tide keeps turning in self-storage. Through August of this year, institutional…

Avid art collector Steven Guttman, who’s founder and chairman of self-storage developer and operator Storage Deluxe Management Co., is crafting a lucrative business out of the art and science of storing fine art, couture clothing and collectibles. The high-end storage provider that Guttman founded, New York City, NY-based UOVO, is gearing up to open its…