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Extra Space Storage Inc. is taking a gamble that its investment in “digital real estate” will pay off in coming years. The Salt Lake City real estate investment trust, whose revenues last year hit about $782 million, has quietly become the steward of the industry-specific domain “.storage”. Domains are identified by the code suffix at…

A recently formed self-storage developer, Baranof Holdings, is coming out of the gates with four self-storage projects currently under construction and another four projects in the wings. The Dallas-based company raised equity for the projects via a fund advised by Crow Holdings Capital-Real Estate. Baranof is sponsored by Value Acquisition Fund The group’s first four…

StorageMart purchased the 106,818-square-foot facility at 6 Westgate Drive in Watsonville, CA for $19.35 million. The facility operated as Store More America and was sold by the Meritage Real Estate Development Group. The facility, which offers 918 units, was developed in three phases, with the most recent portion completed in 2014. Bobby Loeffler and Tyler…

National Storage Affiliates National Storage Affiliates

Rapid acquisitions continue to fuel the growth of National Storage Affiliates Trust (NSA), contributing to a strong first quarter in which total revenue jumped 40 percent from a year ago, the company reported May 10 during its first quarter earnings call. “The self-storage sector remains strong,” said CEO Arlen Nordhagen. “There’s steadily increasing demand in…

Dallas-based Leon Capital Group broke ground on a new 105,987-square-foot self-storage facility in Round Rock, TX. The facility, at 215 North A.W. Grimes Boulevard, will be managed by CubeSmart. It is scheduled for completion in December 2016. “The quality of both the location and the facility are becoming increasingly more important to renters,” said Jake…