The future of self-storage just got a little greener. Raleigh-based SLI Capital and Charlotte-based Madison Capital have joined forces to acquire a controlling interest in GreenSpace Self-Storage. The company, renowned for its pioneering approach to constructing...
Investment
Q&A: Chris Sonne joins Spartan Investment Group as key advisor
Golden, CO-based Spartan Investment Group has been on a roll lately, and with its latest hire the firm is positioned to keep the streak going. Last week the company sold a two property portfolio consisting of two FreeUp Storage facilities in Denver and Aspen Park,...
Q&A: Canadian investment firm targets U.S. storage sector
A global investment firm based in Canada is investing $400 million into the U.S. self-storage sector. Montréal-based Ivanhoé Cambridge has partnered with Safely Store Self Storage to buy and develop a portfolio of facilities throughout the U.S. Safely Store is a...
After raising $230M, SROA Capital to expand loan program for self-storage
SROA Capital is hoping to fill some of the lending void as cautious banks pull back from self-storage and other loan deals across the country. In early June, SROA Capital, the private-equity owner and operator of nearly 400 self-storage facilities in the U.S.,...
Spartan targets $180M for self-storage with launch of new funds
Spartan Investment Group has rolled out an investing concept that has something for most everybody – three new funds at the same time in the categories of income, growth and debt. “We want the investors to know exactly what they’re getting into,” said Ryan Gibson,...
Q&A: Montreal Mini Storage founders have big plans
Meet Jeffrey Climan and Simon Berman, co-founders of Montreal-based Montreal Mini Storage; Climan is also COO and Berman is also president. And their latest move is a big one. After watching about 25,000 people relocate from Montreal to the winter-sports-centric...
Storage Asset Management expands unmanned facility operations
What's one lingering effect of the pandemic that isn't going anyway anytime soon? The rise of unmanned self-storage facilities. Storage Asset Management (SAM), a York, PA-based third-party management firm, recently reported a 110% increase from 2020 to 2021 in the...
Fund closings highlight investor appetite for self-storage
Private real estate firms seem to have little trouble raising investor funds for self-storage ventures. Two separate firms have recently closed funds exceeding $50 million in new capital for self-storage development and acquisition activity. Albuquerque-based DXD...
Talonvest Capital ends 2021 with $111 million in loan closings
Irvine, CA-based Talonvest Capital, Inc., helped secure its clients $111,500,000 in permanent financings during the final weeks of 2021. The boutique self storage and commercial real estate mortgage brokerage firm negotiated with various national banks to obtain the...
10 Federal launches third self-storage fund
10 Federal’s third self-storage fund is up and running, raising $7.4 million in 18 days and quickly acquiring three facilities in Georgia and South Carolina as part of its long-term push to become one of the top storage operators in the nation. Brad Minsley,...