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Elevation Capital Group strongly believes it’s found a winning formula by investing in a combination of self-storage facilities and mobile home parks. Its Fund 7 (MHPI VII LLC) opened in April 2017, attracted more than 500 members and raised $150 million – in an offering that began with a $100 million maximum—before closing April 1,…

Fresh off its $900 million purchase of Jernigan Capital’s 38 self-storage facilities and other assets around the country, NexPoint has ambitious plans to quickly expand its portfolio over the next 18 months by adding 20 to 25 facilities to its portfolio. And, if all goes well, the new stand-alone company it has established, NexPoint Storage…

For two guys that have the patience of Job as they scope out potential self-storage acquisitions, Jon Erickson and Jonathan Vollinger strike quickly when it’s time to buy. Witness two recent purchases that closed within the past three weeks. Their company, Austin, TX-based HPI Real Estate Services & Investments, first bought a 72,901-square-foot facility at…

The self-storage industry remains resilient as it deals with more than six-months of economic uncertainty amid the coronavirus pandemic, say two leaders of third-party management firm Absolute Storage Management (ASM). The Memphis, Tennessee-based firm, founded in 2002, has grown substantially since launching with just three team members and one management contract. Today it has offices…

Real estate investment firm VanWest Partners just tapped out its initial $30 million self-storage investment fund with the recent purchase of four storage facilities. Now, the Denver, CO-based firm is aiming much higher: a second self-storage investment fund totaling $100 million. In the fourth quarter of this year, VanWest plans to launch the second fund,…

Setting an initial target of quickly amassing a portfolio valued at $1 billion, a Denver, CO-based self-storage startup is scouring the U.S. for facilities to buy, primarily in tertiary markets. Steve Treadwell, CEO of SpareBox Storage, said a portfolio with properties worth $1 billion is the company’s first valuation “goalpost.” Treadwell said that in order…

Fast-growing Neighbor.com is making a bold claim as it flexes its muscles. “The space that we have on the platform today would cost a traditional self-storage facility well over $1 billion to build that space,” CEO Joseph Woodbury said. “Rather than building new space, we’re just tapping unused space that was sitting vacant.” The company…

PODS Founder Pete Warhurst believes the storage industry is ripe for a moving and storage concept he recently introduced in Tampa, FL. The concept isn’t only portable storage nor is it just a moving truck. It’s both. “We are fetchable storage. We are giving the customer another alternative,” Warhurst said. How it works Red Rover…

Fresh off its recent sale of three facilities to Extra Space, New Mexico’s Guardian Storage is planning to build two more self-storage buildings, one in Albuquerque and the other just outside Phoenix, Arizona. Paul Hedges, a partner at Guardian Storage, said he hopes to start construction next spring on a new 120,000-square-foot, three-story facility on…