Inside Self-Storage - Real Estate Investment Trust (REIT)

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

Sovran Self Storage Buys 14 Facilities in 4 States for $83M

Real estate investment trust Sovran Self Storage Inc. has purchased 14 facilities in four states for $83 million. The properties were acquired in six separate transactions and funded through credit advances. Each of the facilities will be rebranded as Uncle Bob’s Self ...More

January 10, 2013

Posted in News, Real Estate

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

Strategic Storage Trust Buys 2 Self-Storage Facilities in Mississippi for $10.7M

Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust (REIT) that operates self-storage properties, has purchased two facilities in Mississippi for $10.7 million. ...More

January 7, 2013

Posted in News, Real Estate

Sovran Self Storage Announces Increase in Fourth-Quarter 2012 Dividend

Amherst, N.Y.-based real estate investment trust Sovran Self Storage Inc., which operates the Uncle Bob’s Self Storage brand, will pay its shareholders a quarterly dividend of $.48 per share of common stock for the fourth quarter of 2012 that ended Dec. 31, a 3 cent ...More

January 3, 2013

Posted in News, Finance

Strategic Storage Trust Opens Redeveloped Self-Storage Facility in Canada

Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust (REIT) that operates self-storage properties, has opened a remodeled facility in Mississauga, Ontario, Canada, under the SmartStop Self Storage brand name. ...More

January 2, 2013

Posted in News, Construction, Development

East Penn Self Storage Acquires Extra Space Storage Facility in Pennsylvania

East Penn Self Storage recently acquired an Extra Space Storage facility in Quakertown, Pa. The facility is on Route 309 and includes 334 self-storage units and 41,700 square feet of storage space. The facility will undergo renovations and will be rebranded East Penn Self ...More

December 24, 2012

Posted in News, Real Estate

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

MVP REIT Acquires Austin Self-Storage Facility for $3.5M

MVP REIT Inc., a publicly registered, non-traded, hybrid real estate investment trust, has acquired of a 376-unit, 52,000-square-foot self-storage facility in the Austin suburb of Cedar Park, Texas. ...More

December 19, 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