Inside Self-Storage

CubeSmart

Self-Storage REITs to Release 4Q 2012 Financial Results, Conference Calls Announced

The four U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.—have announced when and how they will reveal their earnings statements for the fiscal quarter that ended Dec. 31. ...More
February 6, 2013
Posted in News, Finance
World Class Capital Group Acquires Las Vegas Self-Storage Facility

World Class Capital Group LLC (WCCG), an Austin, Texas-based real estate investment firm, has acquired Nellis Self Storage in Las Vegas from a Missouri-based private investor. The property comprises 131,000 square feet of storage space in 696 units and will be rebranded as ...More
January 18, 2013
Posted in News, Real Estate
Former CubeSmart President Forms New Self-Storage Investment Company

Self-storage industry veteran Steven Osgood, former president and chief financial officer of U-Store-It Trust (now CubeSmart), has formed All Stor Storage LLC to invest in self-storage properties. The company is seeking to acquire self-storage properties and portfolios ...More
January 11, 2013
Posted in News
Self-Storage REITs Post Double-Digit Returns in 2012

Self-storage was among the top-performing market sectors of all U.S. real estate investment trusts (REITs) in 2012 but dropped from the leading position it held in 2011, according to results released by the National Association of Real Estate Investment Trusts (NAREIT). The ...More
January 8, 2013
Posted in News
W. P. Carey Buys 4 Texas Self-Storage Facilities for $33M

Real estate investment trust (REIT) W. P. Carey Inc. has acquired four self-storage facilities in Midland and Odessa, Texas for approximately $33 million. The purchase was made through CPA: 17 Global, one of W.P. Carey’s publicly held, non-traded REIT affiliates. ...More
December 20, 2012
Posted in News, Real Estate
CubeSmart Buys 2 Southern New Jersey Self-Storage Facilities

Self-storage real estate investment trust CubeSmart has purchased two self-storage facilities in southern New Jersey. ...More
December 18, 2012
Posted in News, Real Estate
Dispelling Competition Myths: REITs Discuss the Advantages They Bring to the Self-Storage Market

In a recent series of interviews, Inside Self-Storage asked industry real estate investment trusts (REITs) to comment on the advantages they bring to independent self-storage operators. This article includes comments from CubeSmart, Extra Space Storage and Public Storage ...More
December 13, 2012
Posted in Articles, Management
CubeSmart Announces 37.5 Percent Increase in Quarterly Dividend

CubeSmart has declared a quarterly dividend of $0.11 per common share for the period ending Dec. 31. The quarterly distribution represents an annualized dividend rate of $0.44 per share, a 37.5 percent increase from the previous annual rate of $0.32 per share. ...More
December 13, 2012
Posted in News, Finance
Being Managed by a Self-Storage REIT: Executives Discuss the Benefits, Challenges and Transition Process

If you're an independent self-storage owner, you may be weighing the decision to hire a real estate investment trust to professionally manage your asset. What are the benefits, and what can you expect in terms of cost and service? In this article, REIT executives provide ...More
December 3, 2012
Posted in Articles, Management
Being Bought by a Self-Storage REIT: Where to Begin and What to Expect

Some self-storage owners will exit the industry by selling to an industry REIT. In this article, REIT executives provide insight to what they look for when they buy and what facility owners can expect in regard to timeline, price and their existing staff. ...More
November 25, 2012
Posted in Articles, Real Estate

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