Atlanta-based Boardwalk Development Group launched its new Boardwalk II investment strategy in mid-August that will target stable, cash-flowing self-storage assets in secondary and tertiary markets throughout the southeastern U.S. SpareFoot recently talked with CEO Rajen Sheth to learn more about what’s driving that strategy and the opportunities he expects to find in the current market….

Advantage Self Storage of Louisville, CO, already has 11 locations in Colorado, Maryland, New York and Massachusetts. Now, as part of its new business partnership with Farrell Storage of Bridgehampton, NY, it’s opened a 112,000-square-foot self-storage facility at 1184 SR 112 in Port Jefferson Station, in the town of Medford on New York’s Long Island….

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…

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….