As lenders cautiously assess risk in a somewhat uncertain economic environment, Talonvest Capital Inc. recently secured an almost $17.5 million loan for acquisition of a three-facility self-storage portfolio in Rhode Island. Irvine, CA-based Talonvest, a self-storage and commercial real estate advisory firm, arranged the $17.455 million loan for an affiliate of Dallas, TX-based Rosewood Property…

One of the biggest names in storage development is taking one of its partners to court. In a nearly $18 million lawsuit, self-storage financing REIT Jernigan Capital Inc. is seeking to foreclose on a storage facility that’s under construction in Miami, FL. The South Florida Business Journal reported that Jernigan Capital Operating Co. LLC, which…

Maybe millennials aren’t such minimalists after all. Self-storage demand continues to remain high in U.S. markets that have cultivated a following among millennials, according to the November 2018 self-storage report from real estate data provider Yardi Matrix. The report says self-storage development activity  (planned and under construction) is percolating in several metro areas that draw…

Extra Space solar Extra Space solar

The self-storage industry is still in the early adopter stage when it comes to rooftop solar. But that interest is growing along with a stronger financial case for adding the renewable energy source. Major REITs such as Extra Space Storage, CubeSmart and the non-traded Strategic Storage Trust, have all introduced rooftop solar within their portfolios….

Property taxes already are a pain in the budget for self-storage operators, but that pain could become unbearable for operators of facilities in California. Self-storage operators are keeping a wary eye on a proposal that would overhaul California’s property tax structure — and would bump up property tax bills for their Golden State facilities. One…