National Storage Affiliates National Storage Affiliates

The self-storage operators that formed National Storage Affiliates are reaping the benefits of sophistication and scale that come with being part of a larger platform. In the REIT’s first full quarter since its IPO in April, the company reported same-store revenue growth of 10 percent compared to the same period last year. Same-store NOI grew…

Sales in Florida dominated self-storage acquisition activity in November. Most of the recent transactions identified by the SpareFoot Storage Beat over the last two weeks were located in the state. Public Storage purchased the 64,480-square-foot My Neighborhood Storage Center facility in Orlando, FL for $8.5 million according to property records. The facility at 10053 Lake Underhill Road…

R. Christian Sonne has been tapped to lead CBRE Group’s newly created self-storage valuation division. Sonne joins CBRE after leading self-storage valuation services at Cushman & Wakefield for more than nine years. During that time Sonne became known for his data-packed reports covering the self-storage industry. Sonne said CBRE reached out with an offer, shorty…

A research organization known for tracking the hotel industry is turning their attention towards self-storage development. Hendersonville, TN-based STR, Inc. (formerly Smith Travel Research) has launched a new database designed to track new self-storage development and expected completion dates. Developers can contribute to the database by submitting project details on STR’s website. Industry transparency Anne…

A preliminary settlement agreement has been struck that would bring a contentious class action lawsuit against Public Storage to a close, and some extra cash to up to 200,000 Florida customers. The original lawsuit, filed by Florida businessman Colin Bowe, alleged that Public Storage engaged in deceptive practices related to its tenant insurance program. Public…