On the acquisition front, the second quarter was pretty quiet for National Storage Affiliates Trust. But the self-storage REIT soon might be making some more noise in that regard. In the quarter ended June 30, the Greenwood Village, CO-based company purchased four facilities for $36.2 million. In July, National Storage Affiliates acquired another facility in…

Back in late April, during the early weeks of the coronavirus pandemic in the U.S., CubeSmart launched a contactless option for self-storage rentals and move-ins. Now, the SmartRental platform represents more than 25% of CubeSmart’s rentals. The entirely digital SmartRental process eliminates the need for face-to-face interaction when it comes to leasing and occupying a…

Self-storage broker Cameron Vale is helping a multibillion-dollar conglomerate gain ground in the storage industry. Vale recently joined the newly formed Berkshire Hathaway Storage Group as senior vice president. The Greenville, SC-based group is affiliated with Berkshire Hathaway Inc., the investment juggernaut led by billionaire Warren Buffett. The group represents Berkshire Hathaway’s entry into self-storage…

Self-storage professionals are objecting to a new ordinance that prohibits storage facilities in Los Angeles, CA, from collecting rent and late fees from tenants who’ve been financially squeezed by the coronavirus pandemic. Industry professionals complain that the ordinance wasn’t needed because self-storage operators in L.A. and elsewhere already were voluntarily helping tenants who’ve been unable…

Responding to social-distancing practices prompted by the coronavirus pandemic, self-storage operators big and small are favoring “no touch” over the human touch. In recent weeks, a number of self-storage operators have rolled out, beefed up or promoted “contactless” options for renting units. But Robert Chiti, chairman and CEO of Phoenix, AZ-based self-storage technology provider OpenTech…

As an industry, self-storage is taking two approaches to the coronavirus pandemic — compassion and caution. Offering help during a crisis From the compassion perspective, several self-storage operators are temporarily offering free or discounted units to college students who’ve been displaced by coronavirus-driven school shutdowns. As part of its coronavirus response, Salt Lake City, UT-based…