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...
Private Companies
America’s largest RV and boat storage facility changes hands
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...
Madison Capital goes after the ‘Covid toys’: boats and RVs
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...
StorageMart enters Milwaukee with portfolio buy
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...
Clutter refinances New York self-storage properties with $118M loan
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...
Self-storage investment firm earns spot on Inc. 500 list
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....
Stoic Equity Partners aims to convert big box stores to self-storage units
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...
Storage Acquisition Group launches office in Canada
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...
SROA expands self-storage portfolio with 26-facility deal
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...
StorQuest takes us inside Tony Hawk’s storage unit
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...