Two Dallas, TX-based real estate firms are making good on their plans to develop a sizable portfolio of self-storage facilities. Cornerstone RPC Storage Development, a joint venture between Rosewood Property Company and Cornerstone Development, formed in late 2014 setting aside $75 million to develop self-storage facilities. The first phase of its development plan will bring…

Shareholders of Amerco, the publicly-traded parent company of moving and storage operator U-Haul, will vote later this month whether to spin off part of the company into a real estate investment trust. The proposal, submitted by Cambridge, MA-based company shareholder AFR Value Partners LP, would compel the company to: “engage an investment banking firm to…

As self-storage construction heats up across the country, Irvine, CA-based Westport Properties is scaling up its development efforts in several key markets. “We are seeing double digit returns and occupancy at all-time highs. There is room for more product, and definitely a need for it,” said Drew Hoeven, president of real estate (pictured at top)….

With occupancy rates at peak levels and consumer demand for self-storage growing, CubeSmart is getting much more aggressive on rental rates. Christopher Marr, CEO of the Malvern, PA-based self-storage REIT, said the current operating environment is an unprecedented time for the company and other self-storage operators. “The transition from occupancy to rate was one that…