American Mini Storage American Mini Storage

A three-facility portfolio in the Los Angeles area has been sold for $16.4 million. Los Angeles-based operator Storage Etc. bought the three facilities from American Mini Storage, a small family-run company. The 1,424-unit portfolio covers 155,005 square feet. The portfolio attracted significant interest from an array of bidders, said Marc Boorstein, principal of MJ Partners…

Self-storage REIT Extra Space Storage paid $7.3 million for a storage facility in Raleigh, NC, that it already was managing. The seller, Waheel Storage LLC, bought the 96,000-square-foot warehouse for $2.7 million and converted it into a storage facility in 2012. The facility is at 2220 Capital Blvd. Metro Self Storage Metro Storage picked up three more…

Jay Crotty Jay Crotty

Middle-market investment bank Brown Gibbons Lang & Co. of Cleveland has launched a division offering real estate advisory services for a variety of industry niches, including self-storage. Jay Crotty (pictured above), a senior vice president, and Thomas Doyle, an associate, lead the Tampa, FL-based self-storage team of the new division, Brown Gibbons Lang Real Estate…