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…

Might NorthPoint Development’s new project in Farmington Hills, MI serve as a potential template for future self-storage developments as America’s population ages? The Riverside, MO-based NorthPoint earlier this summer got the go-ahead from Farmington Hills, a city of 81,000 people northwest of Detroit, to build a new complex that includes one of its Stonecrest Senior…

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As labor costs, interest rates and construction expenses keep climbing, Extra Space Storage Inc. CEO Joe Margolis said he sees a slowing down of new self-storage development, with some projects even being canceled amid that environment. In an Aug. 1 earnings call with Wall Street analysts, Margolis credited that moderation to the discipline of some…

The Jenkins Organization, the developer, and ARCO/Murray, a design/build firm, broke ground on Northgate Self Storage, an 831-unit facility in Austin, TX. Located at 8875 Research Blvd, it will have 128,000 square feet, including 1,500 square feet of office space, and completion is scheduled for June 2019. Source: RE Business Online Planned MS Bardstown Road LLC, the…

Boulder, CO-based Red Dot Storage purchased a four-facility Attic Storage self-storage portfolio in St. Joseph, MO, from unidentified sellers. The purchase price wasn’t disclosed, although it was above the asking price of $9.85 million. The facilities contain 1,340 units in 204,601 rentable square feet on 14.68 acres. The facilities are at 405 N. Woodbine Road,…