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…
Talonvest Capital, Inc. and its client Get Space, LLC have successfully closed a $16,000,000 life insurance company, 10-year, fixed rate loan secured by two self storage facilities in the Pacific Northwest. The Portland, OR and Vancouver, WA properties have 122,000 combined net rentable square feet in 1,257 storage units and feature climate-controlled units, as well as…
SpareBox Storage, a Denver-based storage operator, purchased four stabilized facilities in Oklahoma and Florida. Purchased from multiple sellers, the additional properties brings SpareBox Storage’s total portfolio to include 41 stores in five states spanning more than two million square feet. The latest news follows the addition of 13 properties in South Carolina and Texas earlier…
As students at Cornell University in Ithaca, NY, Dan Hagberg and Nick Huber launched Storage Squad in 2011. In the span of a decade, the valet-storage company for college students blossomed into a 35-school, 10-state operation. But in January, the two men sold Storage Squad to Wake Forest, NC-based portable storage operator 1-800-PACK-RAT for a…
Stache, a company growing the sharing economy, is expanding its storage marketplace to Atlanta, Charlotte, Raleigh, and the Chapel Hill-Durham communities, building out its business in the Southeast region. Self-storage units are heavily used, with one in 10 American families renting space every year. Stache provides an alternative where people can share their excess space…
With revenue growth five times that as the previous year, startup Neighbor has raised $53 million it will use to compete head to head with traditional self-storage industry stalwarts. The Lehi, UT-based company offers a peer to peer platform for renting self-storage. Users can rent out extra space in their homes or offices using the…
City Line Capital ended last year with a bang. The Pennsylvania-based investment firm has announced the acquisition of eight self-storage properties in December, bringing its total 2020 acquisitions to 26 facilities and 134 assets since the firm was founded in 2017. The properties acquired last month are located in Pennsylvania, West Virginia, Louisiana and Florida…
A family-owned self-storage operator on the East Coast is looking for a buyer for its 48-property portfolio. If successful, the deal could fetch north of $2 billion—making it among the largest portfolio transactions in self-storage history. According to a source affiliated with a potential purchaser, Columbia, MD-based ezStorage is shopping its portfolio to a limited…
Westport Properties, an Irvine, CA-based owner and operator of self-storage facilities under the US Storage Centers brand, has merged with Vertex Investments, a privately held real estate investment company focused on multifamily investments. The merged company will operate as two separate verticals, one focused on self-storage development, acquisition and management and the other on multifamily…
As Spartan Investment Group continues to expand its self-storage portfolio, it’s putting all of its facilities under the same brand umbrella. The Golden, CO-based company is rebranding 10 of its 12 current self-storage facilities as FreeUP Storage, and it will brand future self-storage acquisitions under the same name. In September, Spartan filed to trademark the…
