Could the empty corner in your neighbor’s garage compete against the newly built self-storage facility off the interstate? The founders of a new startup and its new financial bakers definitely think so. Neighbor, a Salt Lake City, UT, company that matches people with spare space to rent out in their homes, garages or apartments with…

Bloomington, IN-based Storage Express bought a portfolio of 12 Storage General facilities in central Illinois from the Plummer family of RP Lumber Co. Inc., a home improvement and building materials retailer based in Edwardsville, IL. The purchase price wasn’t disclosed; the portfolio was listed at $13.75 million. The portfolio comprises 370,000 net rentable square feet…

Some 73 million jobs could be eliminated through automation by the year 2030, according to a recent report from McKinsey. Advanced robotics and artificial intelligence threaten to slash work opportunities for everyone from insurance adjusters to fruit pickers. So, just how vulnerable are self-storage managers? Self-storage kiosks are not a new phenomenon – they have…

Self-storage buyers hungry for yield have been chasing freshly developed “certificate of occupancy” deals where they can earn a higher return in exchange for taking on the lease-up risk—and none of the construction risk—of a newly built property. Buyers of C/O deals, as they are commonly called, are finding they can cash in with a…