StoreEase Inc. has taken two major steps towards its goal of deploying its “virtual management” technology in 1,000 self-storage facilities within the next five years. The Birmingham, AL-based StoreEase recently received $2.8 million in seed investment led by New York-based Bienville Capital. StoreEase plans to use the funds largely for continued development of proprietary technology…
Adult Toy Storage, which lays claim to being the largest RV and boat storage facility in the country, has a new owner. The cheekily-named facility will also be getting a new moniker: RV Storage Depot. A Newport Beach, CA-based joint venture between RanchHarbor, Ramser Development Company and Saunders Property purchased the Altamonte Springs, FL facility….
Madison Capital Group has created a new affiliate to pursue what it hopes will be a lucrative extension of its self-storage business: stand-alone storage facilities exclusively for boats, RVs and other vehicles that owners don’t want to park in their driveways. The Charlotte, NC-based firm, which has developed or purchased more than 70 self-storage facilities…
StorageMart, one of the largest private self-storage operators in the country, has entered the Milwaukee market for the first time with the acquisition of a nine-facility portfolio. The facilities were sold by Brookfield, WI-based Storage Master LLC and are located in Milwaukee, Waukesha, Muskego, Caledonia, New Berlin, and Cudahy. The nine facilities span a total…
Los Angeles-based storage operator Clutter has refinanced a four-property portfolio it owns in the New York metro area with a $118.3 million bridge loan. The non-recourse loan was negotiated by Talonvest Capital Inc., and features a low floating rate and a three-year term with two extension options. The four-property portfolio is located in Yonkers, Brooklyn,…
For the second year in a row, Denver-based Spartan Investment Group has been named to Inc. magazine’s annual Inc. 5000 list, based on its revenue growth of 2,543 percent from 2018 to 2020. In fact, Spartan Investment was ranked 166th on this year’s list, up from No. 306 in 2020, making it once again a…
Many people have had to close their businesses or delay growth plans during the pandemic. But Jeremy Friedman, 47, and Grant Reaves, 29, who have worked together in the past, saw it as a golden opportunity to fill suddenly empty big-box stores with self-storage businesses. As the brokerage market slowed, they started Stoic Equity Partners…
The Storage Acquisition Group has established a presence in Canada and named Lloyd McDonald director of Canadian acquisitions. He is based in Calgary, Alberta. McDonald will focus on purchasing storage facilities and portfolios directly, meaning owners don’t have to list their assets. McDonald’s background includes real estate and building a private financial services firm that…
SROA Capital LLC has scooped up an additional 26 self-storage facilities, bringing the Florida-based investment firm’s portfolio to more than 200 storage properties spread out mostly in secondary and tertiary markets east of the Mississippi River. SROA Capital operates self-storage facilities under the Storage Rentals of America brand name. Acquiring StayLock Storage SROA Capital announced…
When you are a legendary skateboarder with a career spanning collection of skate decks, awards, VHS tapes, and shoes, what do you do? Rent a self-storage unit and become a pitchman, of course. Santa Monica, CA-based StorQuest Self Storage recently debuted a new digital marketing campaign featuring champion skater Tony Hawk. To learn more about…
