AUSTIN, TEXAS, August 30, 2018— storEDGE, a cutting-edge technology organization, is now part of the SpareFoot and SiteLink self-storage technology family, backed by Cove Hill Partners. storEDGE brings a host of best-in-class products to the existing offerings of SpareFoot and SiteLink, including marketing websites, online rentals and cloud access control tools, in addition to their…

First they said yes. Then they said maybe not. In Lee’s Summit, MO, the City Council first approved a proposed self-storage business on Southeast Oldham Parkway. But two weeks later, the council voted 8-1 to remand back to the planning commission a preliminary development plan and special-use application for Extra Space of Lee’s Summitt after…

Owned by Santa Monica-based real estate firm The William Warren Group, storage operator StorQuest Self Storage has steadily grown from its SoCal beginnings into a network of 145 self-storage facilities across the country. As developers churn out new facilities across the country, StorQuest is putting an even bigger emphasis on its third-party management platform than ever before. Many of…

President Trump’s imposition of trade tariffs – especially on steel – is causing major financial and planning headaches within the self-storage construction industry and stoking fears it could harm developments in the long run. From builders to lenders, officials say tariffs are forcing developers to re-calculate the costs of projects, sometimes adding 5 to 10…

Public Storage purchased a six-facility self-storage portfolio in the Minneapolis-St. Paul, MN, area for an undisclosed amount from an unnamed seller. The square footage amounts and unit counts for the facilities also weren’t available. The properties are in Bloomington, Edina, Hutchinson, Lakeville, Minneapolis and New Hope. Public Storage said the facilities either are fairly new…

In September, self-storage REIT National Storage Affiliates Trust expects to complete its $1.325 billion purchase (with joint venture partner Heitman LLC) of 112 Simply Self Storage facilities. Yet closing that deal won’t mean the end of near-term acquisition activity for National Storage Affiliates — not by a long shot. In a Aug. 7 call with…