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Some industry observers warn of potential overbuilding within the self-storage industry, but Dean Jernigan is confident that the development cycle is still in the middle-innings. “We’re just past the midpoint of this development cycle, in the fifth or sixth inning,” said Jernigan, CEO of Memphis, TN-based Jernigan Capital, during the company’s quarterly conference call with…

This CubeSmart managed facility near Orlando is getting a 256-unit expansion. This CubeSmart managed facility near Orlando is getting a 256-unit expansion.

Like its public peers, self-storage operator CubeSmart experienced another quarter of revenue decleration, which CEO Chris Marr said is likely to continue through the rest of the year. “The magnitude quarter-by-quarter is going to be highly influenced by what happens as we move into the busy season,” Marr said during the company’s conference call with…

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National Storage Affiliates Trust had plenty to boast about at its year-end report–revenue jumped about 66 percent and the company expanded its portfolio by more than a third during 2016. The real estate investment trust also announced another milestone, just before releasing its year-end earnings report on Feb. 28. The company signed up its eighth…

JCAP markets JCAP markets

As the development cycle kicks into the next gear, Jernigan Capital is rapidly accelerating its self-storage construction loan activity. The company has already closed on $105.6 million in new development investments during the first 60 days of 2017, and has a pipeline of in place of $800 million of additional investments, according to its recently…

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CubeSmart is tempering its outlook for 2017 as it faces competition from new supply and reduced growth from occupancy gains. As it squares off with new competition, CEO Christopher Marr said the company must reach customers first and price their product accordingly. “We are facing new supply entering our markets, therefore our proficiency in engaging…