Inside Self-Storage

Real Estate Investment Trust (REIT)

Extra Space Acquires Joint-Venture Interest in 36 Self-Storage Properties for $298M

Extra Space Storage Inc., a self-storage real estate investment trust (REIT), has reached an agreement with Prudential Real Estate Investors (PREI) to acquire its 94.9 percent interest in ESS PRISA III LLC for approximately $298 million. The LLC is a joint venture formed in ...More
April 18, 2012
Posted in News, Finance, Real Estate
Extra Space Storage Offers 7,000,000 Shares of Common Stock

Extra Space Storage Inc., a self-storage real estate investment trust (REIT) will issue and sell 7,000,000 shares of its common stock in a public offering. Citigroup is acting as the sole book-running manager for the offering. The company will grant the underwriter a 30-day ...More
April 17, 2012
Posted in News
Large Investment Groups Change the Self-Storage Real Estate and Finance Landscape

With the self-storage acquisitions market alive and well, it brings to light the continued bifurcation in the market between institutional-type investors and non-institutional ones. This new crop of investors has changed the way self-storage operators obtain financing for ...More
April 17, 2012 By Ben Vestal
Posted in Articles, Finance, Real Estate
Strategic Storage Trust Increases Per-Share Net Asset Value

Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust investing in self-storage properties, recently announced a per-share net asset value (NAV) of $10.79, $0.79 above the current offering price. ...More
April 11, 2012
Posted in News, Finance
Sovran Self-Storage Buys 10-Property Dallas Portfolio for $29M

Real estate investment trust Sovran Self Storage Inc., operator of the Uncle Bob's Self Storage chain, has purchased a 10-property portfolio in the Dallas area for $29 million. ...More
April 6, 2012
Posted in News, Real Estate
Sovran Self Storage Releases First-Quarter 2012 Common Stock Dividend

Sovran Self Storage Inc., a self-storage real estate investment trust, announced a dividend of $.45 per share of common stock for the first quarter of 2012. The annualized dividend is $1.80 per share, which, based on Tuesday's opening share price, equates to an annual rate ...More
April 5, 2012
Posted in News, Finance
Public Storage Buys 6-Property Self-Storage Portfolio Formerly Managed by Extra Space

Public Storage Inc., a self-storage real estate investment trust (REIT), recently purchased a six-facility portfolio from Babcock & Brown, an Australian global investment and advisory firm. The six self-storage facilities, which consist of 517,000 total rentable square ...More
March 26, 2012
Posted in News, Real Estate
Central Ohio Self-Storage Facility Sells for $3.2M

A self-storage facility in Reynoldsburg, Ohio, recently sold for $3.18 million to Texas-based VSI IV Reynoldsburg LLC. The seller was Browning Investments Inc., an Indiana-based real estate company. It will be managed by Uncle Bob’s Management LLC. ...More
March 16, 2012
Posted in News, Real Estate
Uncle Bob's Self Storage Teams With Syracuse Crunch to Sponsor 'Uncle of the Year' Contest

Uncle Bob's Self Storage has partnered with the Syracuse Crunch, a minor league hockey team, to sponsor the "Uncle of the Year" contest. ...More
March 16, 2012
Posted in News, Marketing
Self-Storage REIT Executives Participate in 2012 Citi Global Property CEO Conference

Executives from self-storage real estate investment trusts (REIT) CubeSmart, Extra Space Storage Inc. and Sovran Self Storage Inc. will participate in separate presentations next week at the Citi Global Property CEO Conference at The Breakers in Palm Beach, Fla. ...More
March 9, 2012
Posted in News, Real Estate

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