Chicago, IL-based real estate investment firm Harrison Street Real Estate Capital LLC and Irvine, CA-based self-storage owner and operator Westport Properties Inc. bought two self-storage facilities in the Nashville, TN, market for a combined total of nearly $38 million. The two Mallory Station Storage facilities are set to be rebranded under Westport Properties’ US Storage…

Austin, Texas –– SpareFoot, the largest marketplace for storage, has partnered with national moving and storage container leader PODS Enterprises, LLC to give consumers more ways to find and compare storage options in one place. PODS joins portable storage partners ZippyShell and U-Pack® on the SpareFoot.com marketplace.  The new portable storage and moving experience allows consumers to compare the options…

Could self-driving cars and ride-hailing services put a big dent in the self-storage sector? Or could the self-storage sector, as some industry observers foresee, actually enjoy the ride? A recent report from Green Street Advisors, a commercial real estate research and advisory firm, and the Urban Land Institute, a nonprofit research and education organization, about…

The self-storage industry can expect a soft landing from the current surge of development activity, according to Dean Jernigan, CEO of the publicly-traded investment REIT Jernigan Capital. Following the company’s third quarter earnings call, Jernigan took to Twitter to share additional views on the current state of self-storage development and supply, stating that “no oversupply…

Federal authorities have delayed the arraignment of a South Florida-based private equity CEO, accused of conning more than 150 investors out of $19 million, including money already staked for three major self storage developments in the area. Daniel Joseph Touizer, 44, was originally scheduled to appear before Magistrate Judge Barry Seltzer on Oct. 25, but…

On the heels of selling 27 self-storage facilities to Greenwood Village, CO-based REIT National Storage Affiliates Trust, a joint venture tied to Store Here is already hunting for more facilities to buy. Store Here LLC — a joint venture between affiliates of self-storage operator Store Here Management LLC and real estate investment firm Westport Capital Partners…

It’s a fact that self-storage rental rates have continued to surge in California in recent years. A variety of factors have contributed to the price increases including population growth and a well-performing economy. Specifically, the average monthly rent for a storage unit in California has climbed more than 26 percent since 2014, according to data…