2018 is shaping up to be a record-breaking year for the third-party management program at self-storage REIT CubeSmart, President and CEO Chris Marr told Wall Street analysts July 27. During the second quarter, CubeSmart added 41 facilities to the third-party management platform, Marr said during the Malvern, PA-based REIT’s quarterly earnings call. Thirty of those…

An unidentified high-net-worth family purchased two Stor’ It self-storage facilities in Los Gatos, CA, for $25.4 million from an unidentified high-net-worth investor. The portfolio encompasses 785 storage units in 45,287 square feet, along with 20 RV parking spaces. The facilities are at 688 University Ave. and 17443 Farley Road West. Adam Levin, Christopher Secreto and…

A three-facility portfolio of self-storage facilities in Michigan has changed hands. An unidentified buyer purchased the facilities from an unidentified LLC. The purchase price wasn’t available. Emeryville, CA-based Devon Self Storage manages the properties, which are in the Michigan communities of Ann Arbor (4750 S. State Road), Lansing (708 E. Grand Ave.) and Clinton Township…

National Storage Affiliates, a Greenwood Village, CO-based real estate investment trust, has struck a deal to acquire 112 self-storage locations from Orlando, FL-based Simply Self Storage for $1.325 billion dollars. Simply is majority owned by Toronto-based Brookfield Asset Management. The portfolio features 8.7 million rentable square feet of space in over 68,000 storage units. The properties…