In September, self-storage REIT National Storage Affiliates Trust expects to complete its $1.325 billion purchase (with joint venture partner Heitman LLC) of 112 Simply Self Storage facilities. Yet closing that deal won’t mean the end of near-term acquisition activity for National Storage Affiliates — not by a long shot. In a Aug. 7 call with…

Extra Space Storage Extra Space Storage

As labor costs, interest rates and construction expenses keep climbing, Extra Space Storage Inc. CEO Joe Margolis said he sees a slowing down of new self-storage development, with some projects even being canceled amid that environment. In an Aug. 1 earnings call with Wall Street analysts, Margolis credited that moderation to the discipline of some…

2018 is shaping up to be a record-breaking year for the third-party management program at self-storage REIT CubeSmart, President and CEO Chris Marr told Wall Street analysts July 27. During the second quarter, CubeSmart added 41 facilities to the third-party management platform, Marr said during the Malvern, PA-based REIT’s quarterly earnings call. Thirty of those…

Life Storage and Union Realtime, a self-storage research firm, are teaming up to collect as much real-time data as possible on newly developed self-storage facilities across the nation, a move they say will help investors and others make better decisions when buying, selling or building new facilities. Earlier this month, the New York-based Union Realtime…

The competition is stiffer, but CubeSmart’s outlook just got a little rosier. The publicly traded storage company has sketched out a slightly more optimistic outlook for its financial performance in 2018. In an April 27 earnings call with Wall Street analysts, executives at the Malvern, PA-based self-storage REIT bumped up their forecast for two key…