If all goes as planned, dozens of self-storage facilities built out of repurposed shipping containers will be surfacing around the country with backing from a Texas startup and a growing number of investors. Houston, TX-based startup GreenSpace Holdings LLC already has a commitment from a high-net-worth investment group to develop an estimated 50 multistory self-storage…

First Neck Self Storage has raised $50 million—and plans to perhaps double that in its next round—to buy operating storage facilities in primary and especially secondary markets. It’s a joint venture involving CSM Capital Corp., a New York City-based multifamily office, and Self Storage Capital Partners, a Philadelphia-based self-storage firm that uses the brand name…

Goodbye Macy’s, hello self-storage. Long considered anchors of the shopping mall, many department stores are undergoing a long, painful death. That has left mall owners scrambling to find suitable tenants to fill the large empty footprints left behind. Enter self-storage. While retail property overall has been hitting the skids, the self-storage industry as been ascendant  and…

A prolific developer in New York City, NY, is putting the brakes on new self-storage projects there after the city imposed what amounts to a freeze on self-storage development. Adam Gordon, president of New York City-based Madison Development LLC, told the SpareFoot Storage Beat that with opportunities in their home market now limited, he and…

A Missouri-based real estate developer is going beyond its Midwestern roots to grow its self-storage brand. Currently, NorthPoint Development’s Beyond Self Storage brand operates three self-storage facilities. One facility is in the Kansas City, MO, suburb of Overland Park, KS, and the two other facilities are in St. Louis, MO, and the St. Louis suburb…

A newly formed joint venture is targeting urban infill development in Los Angeles and Northern California, and it’s looking to take risks. Miami City Self Storage (MCSS) – a developer of urban infill self-storage facilities  – and real estate investment firm Cypress Equity Investments (CEI) have teamed up to create Pacific Storage Partners. MCSS Partner…

With its acquisition of the U-Stor-It portfolio of 21 self-storage facilities earlier this month, Robb Kone’s Best Self Storage is off and running. The Riverside, California-based Best Self Storage’s purchase of the U-Stor-It properties in Texas, New Mexico and Arkansas was the company’s first foray into the self-storage business – and Kone, himself a 15-year…

A 40-year-old real estate company in North Carolina has made its initial foray into the self-storage sector and is pursuing even more opportunities in the Southeast. Raleigh, NC-based Rivercrest Realty Advisors recently bought a self-storage facility in Winston-Salem, NC, and launched construction of a self-storage facility in Greenville, SC. Those two facilities represent Rivercrest’s first…