Infused with an $11 million funding round last February, NYC-based self-storage startup Stuf has tripled the size of its real estate footprint over the last year. In a conversation with the SpareFoot Storage Beat, co-founder and CEO Katharine Lau said the company hopes to double the number of locations it has over the next year,…
There is a new boss at one of the country’s top self-storage construction companies. Jim Reinhart is the new CEO at MakoRabco, a portfolio company of private equity firm New State Capital Partners. John Cross, who has served as CEO since 2021, is retiring and will continue to serve as an advisor during the transition. Industry leader…
City Line Capital has been on a growth streak this year, acquiring 18 self-storage facilities through the first half of the year. That brings the Bala Cynwyd, PA-based firm’s portfolio at mid-year to a total of 253 properties. The portfolio spans 15 million square feet across 29 states. The firm anticipates purchasing another 20 facilities…
Doug Steverson has spent the past five years handling self-storage acquisitions for Boardwalk Development Group, the Suwanee, GA.-based private equity company founded and headed by industry veteran Rajen Sheth. But the market is the market – and the market, at least in Georgia and surrounding regions in the southeast, has been signaling new developments over…
For some people, self-storage is a place to stash their stuff. For others, it’s a retirement plan. Looking for a low-maintenance and highly rewarding real estate investment, many with money to invest are turning to self-storage as a reliable cash-generating business in good times and bad. What draws them in? “It’s very recession-resistant,” said Scott…
A self-storage brokerage team has parted ways with a national real estate firm to launch a new company. After three years as part of Berkshire Hathaway Commercial, Cameron Vale said the time felt right for the group to go out on their own. Vale is the founder and president of the newly launched Oakside Companies….
After amassing $637 million in commercial real estate closings over the last four years, broker Meir Perlmuter has been promoted to First Vice President Investments at Marcus & Millichap’s office in Columbus, OH. Last year, Perlmuter was named one of the top 10 storage brokers at Marcus & Millichap. While based in Ohio, Perlmuter scours…
City Line Capital has hired a new chief investment officer to continue the firm’s growth trajectory across the country. Ben Carr comes to the job with more than 20 years of experience in the industry, most recently as president and CIO of Go Store It. Carr also served as president of MCSS Development and Investment…
Capital Growth Buchalter (CGB), a national development and construction firm, recently launched a new self-storage company focused on buying and building facilities throughout the United States. CGB tapped Mike Vahle, a former real estate development executive at Public Storage, to lead the new division as managing partner, along with Eric Buchalter—a third generation member of…
Technology revolutions have changed the course of human history in profound and profoundly unpredictable ways since the dawn of human civilization. When someone steps up in the early stages of a technological revolution and says, in contradiction of accepted dogma and with cool certainty, what shall come to pass, and it does, it is worth…
