Money to build new storage facilities is still available, but may be harder to come by for some. Construction financing that commercial real estate advisory firm Talonvest Capital Inc. recently arranged for two big players in self-storage is a sign of the changing financial times. Tom Sherlock, principal of Talonvest, said the seven construction loans…
Venture capital continues to show its faith in the emerging on-demand storage market, with a group of investors recently making the largest investment in the space to date. On-demand storage provided Clutter announced today that it closed on a $64 million Series C round led by Atomico, which was joined by new investors GV (previously Google…
Backed by $300 million in equity, a new self-storage investment firm whose entire team came from industry heavyweight W.P. Carey is poised to wrap up its first acquisition. Merit Hill Capital, with offices in Brooklyn, NY, and Dallas, TX, is set to close June 1 on the purchase of a self-storage facility. The firm has…
The pipeline of for-sale portfolios is starting to look a little picked over at this later stage of the real estate cycle. “Obviously, we have seen some of the bigger portfolios trade,” said Ryan Clark, a senior vice president at Skyview Advisors, a national self-storage brokerage firm. Some of the notable mega-deals that occurred in…
Gary Delaney has barely settled into his new job as chief executive of Wheat Capital Management and he’s already thinking of taking off. Not taking off in terms of leaving the job. Taking off in terms of boosting Wheat Capital to new heights with a newly established fund focusing on self-storage development. Delaney, the veteran…
Capital has been greasing the wheels of the recent self-storage building boom. And despite some signs of tightening, there appears to be ample financing available to keep that momentum going in the near term. “There is still plenty of capital for the right deal that makes sense and for the right sponsors,” said Griffin Guthnick,…
Can SmartStop Asset Management recreate the self-storage investment magic? Many industry insiders think it can – and will – over coming months and years with its new Strategic Storage Trust IV fund. The Ladera Ranch, CA firm struck it big when it engineered the recent sale of 122 self-storage facilities within the portfolio of its…
Self-storage operators could do a better job of listening to their customers, said Marcus Mollman, founder and CEO of Closetbox, which is fresh off of raising $5.5 million in a round of funding that ended March 22. “I’m not sure anyone in the traditional storage industry has tried to understand what the customer is looking…
Crow Holdings Capital – Real Estate (CHC-RE) has had a busy 16 months, completing two dozen transactions since it began investing in the development, redevelopment and acquisitions of existing self-storage properties. Dallas-based CHC-RE now has storage properties in nine states, including Texas where it has projects in Austin and Houston. The company seeks to buy…
The 2016 Summer Olympics in Brazil have come and gone, but there’s still many searching for gold in the vast South American country. Specifically, a number of American investors are investing in the nascent self-storage market in Brazil, with a population of more than 200 million people and only about 120 modern self-storage facilities throughout…
