Self-storage CMBS loan volume soared by 73 percent in 2015 compared to two years prior as investors are increasingly recognizing the value of the niche properties. Specifically, $3.3 billion in commercial mortgage-backed securities (CMBS) loans were issued to self-storage properties in 2015 compared to $1.9 billion in 2013, according to data from Trepp.com. There are…

midgard self storage midgard self storage

Reliant Real Estate Management is expected to start construction next month on a new self-storage facility on Vanderbilt Beach Road in North Naples, FL, the first development in the planned mixed-use project called Vanderbilt Commons. The facility (pictured above) will operate under the name Midgard Self Storage and open in November or December, according to…

microsemi microsemi

Last spring, Phoenix, AZ-based Wentworth Property Group bought a shuttered semiconductor plant manufacturing plant in Scottsdale. Wentworth, a 40-year-old real estate company, owns several million square feet of industrial and retail space in Arizona. After buying the former Microsemi plant for $6.75 million, the company was considering self-storage as a possible use—but they weren’t familiar with…

Larendee 2 Larendee 2

On its sun-baked surface, self-storage may appear an unlikely setting for spiritual enlightenment. But for Larendee Roos, the Wyoming-born daughter of an evangelical minister, her journey into the world of 10x10s has been packed with life-changing existential insights that nourished her soul, fed her family and helped grow Extra Space into the largest self-storage management…

LifeStorage recently converted this former office building in Napierville, IL into an 845-unit storage facility. LifeStorage recently converted this former office building in Napierville, IL into an 845-unit storage facility.

Over the course of 18 months, Tom Poupard was confronted with something he had never seen before as head of his small town’s development office: Three separate proposals to convert three old office buildings into self-storage facilities. As it was, two of the developers later backed out of tentative plans to convert underused office buildings…

Rowland Construction will undertake the project of constructing the new Amazing Spaces store in The Woodlands, TX. Rowland Construction will undertake the project of constructing the new Amazing Spaces store in The Woodlands, TX.

Aspen, CO-based Terrapin Investments is seeking permission to build an 110,000-square-foot self-storage facility with 774-units just outside of Petaluma, CA at 2645 Petaluma Boulevard South. Terrapin purchased the site, a former truck scale, for $1.4 million in December. Petaluma City Council voiced concerns that the project is not the best gateway to their city in…

simply simply

A Canadian asset management company is poised to acquire an $830 million stake in Orlando, FL-based Simply Self Storage, the eighth largest self-storage operator in the US. Toronto-based Brookfield Asset Management will acquire the stake via its Brookfield Strategic Real Estate Partners II Fund. Terms of the deal were first made public in a board meeting document…