Federal authorities have delayed the arraignment of a South Florida-based private equity CEO, accused of conning more than 150 investors out of $19 million, including money already staked for three major self storage developments in the area. Daniel Joseph Touizer, 44, was originally scheduled to appear before Magistrate Judge Barry Seltzer on Oct. 25, but…

Public Storage continues to grapple with decelerating same-store revenue growth as it faces slower rental growth and declining occupancy rates brought on by record-levels of new self-storage development. The company saw same-store revenue grow 2.4 percent during the third quarter of 2017, a slowdown from 5.1 percent same-store revenue growth the same quarter last year. The quarter marks…

With its acquisition of the U-Stor-It portfolio of 21 self-storage facilities earlier this month, Robb Kone’s Best Self Storage is off and running. The Riverside, California-based Best Self Storage’s purchase of the U-Stor-It properties in Texas, New Mexico and Arkansas was the company’s first foray into the self-storage business – and Kone, himself a 15-year…

Valley Storage bought three self-storage facilities in Ohio from Best Little Warehouse. The facilities — two in Grafton, OH, and one in Elyria, OH — comprise 110,480 square feet and 727 units. The facilities have been rebranded as Valley Storage. Financial terms of the deal weren’t disclosed. York, PA-based Storage Asset Management Inc. now manages…

On the heels of selling 27 self-storage facilities to Greenwood Village, CO-based REIT National Storage Affiliates Trust, a joint venture tied to Store Here is already hunting for more facilities to buy. Store Here LLC — a joint venture between affiliates of self-storage operator Store Here Management LLC and real estate investment firm Westport Capital Partners…

Dallas, TX-based Rosewood Property Co. recently purchased five self-storage facilities in major U.S. markets. Pending legal and government approvals, Rosewood Property didn’t divulge the locations of the acquired properties. Financial terms and other details weren’t available. “The markets in which we made these latest acquisitions were all target markets for our portfolio and represent important additions…

It’s a fact that self-storage rental rates have continued to surge in California in recent years. A variety of factors have contributed to the price increases including population growth and a well-performing economy. Specifically, the average monthly rent for a storage unit in California has climbed more than 26 percent since 2014, according to data…