Inside Self-Storage

Real Estate Investment Trust (REIT)

Extra Space Completes $298M Deal for 36 Self-Storage Properties

Extra Space Storage Inc., a self-storage real estate investment trust (REIT), has completed its deal with Prudential Real Estate Investors (PREI) to acquire PREI’s 94.9 percent interest in the companies’ joint venture, ESS PRISA III LLC. The $298 million deal includes 36 ...More
July 11, 2012
Posted in News, Finance, Real Estate
Sovran Self Storage Announces Second-Quarter 2012 Stock Dividend

Amherst, N.Y.-based real estate investment trust (REIT) Sovran Self Storage Inc., which operates the Uncle Bob's Self Storage brand, announced a quarterly dividend of $.45 per share of common stock for the second quarter of 2012 that ended June 30. ...More
July 4, 2012
Posted in News, Finance
W. P. Carey Acquires 5 Southern Self-Storage Facilities; CubeSmart to Manage

Through its publicly held real estate investment trust (REIT) affiliate CPA: 17 Global, self-storage investor W. P. Carey & Co. LLC has acquired five self-storage facilities across Alabama (1), Louisiana (1) and Mississippi (3) for approximately $17 million. The ...More
June 29, 2012
Posted in News, Real Estate
Sovran Self Storage Buys Norfolk, VA, Facility for $6.9M

Real estate investment trust Sovran Self Storage, operator of the Uncle Bob's Self Storage chain, recently purchased a three-story self-storage facility in Norfolk, Va., for $6.92 million. ...More
June 26, 2012
Posted in News, Real Estate
The Great Lakes Self-Storage Summit: Facility Owners Discuss Revenue Growth, Online Marketing, REIT Results and More

From single-store operators to well-known representatives of real estate investment trusts (REITs), a diverse group of self-storage stakeholders made their way to the Great Lakes Self Storage Summit on June 6 at the Conrad Hotel in downtown Chicago. ...More
June 18, 2012 By John Carlisle
Posted in Articles
Sovran Acquires ValGard Self Storage in Miami

ValGard Self Storage, a 998-unit self-storage facility in Miami, recently sold to Sovran Acquisition LP, a real estate investment trust (REIT) in Buffalo, N.Y. The terms of the sale were not disclosed. The 83,244-square-foot property, 6820 S.W. 81st Terrace, will be ...More
June 7, 2012
Posted in News, Real Estate
Extra Space Storage Announces Second Quarter 2012 Dividend

The board of directors for Extra Space Storage Inc., a self-storage real estate investment trust, has declared a quarterly dividend of $0.20 per share on the common stock of the company for the second quarter 2012. ...More
June 5, 2012
Posted in News
Self-Storage REIT CubeSmart Announces CEO's Retirement, Second-Quarter 2012 Dividend

CubeSmart, a self-storage real estate investment trust, announced the retirement of CEO Dean Jernigan effective at the end of next year when his contract expires. The company also announced its second-quarter common shares dividend. ...More
June 1, 2012
Posted in News, Finance
Strategic Storage Trust Acquires Fifth Virginia Facility

Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust (REIT) investing in self-storage properties, acquired an 870-unit, 3.3-acre self-storage property in Chantilly, Va., this week for approximately $7.3 million. The company's Virginia ...More
June 1, 2012
Posted in News, Real Estate
Sovran Self Storage Holds Annual Shareholders Meeting, Discusses Growth Strategy

Amherst, N.Y.-based real estate investment trust (REIT) Sovran Self Storage Inc., which operates under the brand Uncle Bob's Self Storage, has acquired 75 facilities since the last week of 2010 and plans to acquire more. Fifty-six of those acquisitions occurred in 2011. CEO ...More
May 29, 2012
Posted in News

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