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York, PA-based Moove In Self Storage has purchased two self-storage facilities in Lancaster, PA, for a combined $5.2 million. The sellers were Lancaster attorney and commercial real estate developer Phil Wolgemuth and his wife, Carol, according to Lancaster Online. The Spare Room Self Storage facility at 3630 Columbia Ave. sold for $3.2 million, and the…

money money

Hit by a rising tide of new construction and economic trouble spots across the country, publicly traded self-storage REITs have pulled back significantly from their acquisitions of existing facilities. Acquisitions by the top five self-storage real estate investment trusts (REITs)—Public Storage, Extra Space Storage, CubeSmart, Life Storage and National Storage Affiliates—are off by an annualized…

Kure It_UCI _1U1B9835 (1) Kure It_UCI _1U1B9835 (1)

Irvine, Calif., August 16, 2017, Kure It Cancer Research announced today that it has donated a $100,000 grant to The UC Irvine Health Chao Family Comprehensive Cancer Center.  The money will be used to support two projects, kidney cancer therapy development and colon cancer. Both projects involve research in patient treatment and therapies for these cancers….

A rendering of one of TD Self Storage's initial projects in Greenville, SC A rendering of one of TD Self Storage's initial projects in Greenville, SC

A regional hotel development and management corporation in the Southeast is the latest player to jump into the booming self-storage market, aiming to one day own more than 100 storage facilities. JHM Hotel Group, a Greenville, SC-based hotel and restaurant company, recently formed TD Self Storage Enterprise LLC and already owns five new self-storage facilities…

One of two Montgomery, AL facilities purchased by Metro Self Storage One of two Montgomery, AL facilities purchased by Metro Self Storage

Smart Stop Asset Management sold a two-property portfolio in Montgomery, AL, to Lake Forest, IL-based Metro Storage LLC for nearly $21.8 million. Managed by Extra Space Storage, the self-storage properties offer a combined 158,238 square feet of rentable space and 1,555 climate-controlled units.  The facilities are located at 6855 Vaughn Rd. and 310 Ray Thorington…