REITs

Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT) and third-party management firm, announced changes to its executive team. James Overturf, who’s retiring from his position as executive vice president and...

Update 3/10/20 – Newsom declared a state of emergency in California on March 4 in response to the outbreak of novel coronavirus, known as COVID-19. The move prompted Attorney General Xavier Becerra to issue a statement reminding products and...

National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has agreed to acquire SecurCare Self Storage Inc., its largest participating regional operator (PRO). Valued at $220 million...

The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have released financial statements...

Update 2/21/20 – Shurgard has closed on its acquisition of the Flexistockage properties in Central Paris and Villepinte. The company will continue to operate the other two Flexistockage locations it began managing in November...

Jernigan Capital Inc. (JCAP), a merchant bank and advisory firm serving the self-storage industry, has acquired development-partner interests in eight projects it recently financed. On Feb. 14, it took full ownership of two facilities in Boston...

SmartStop Self Storage REIT Inc., a self-managed real estate investment trust (REIT) that operates the SmartStop Self Storage brand, named Joe Robinson as chief operations officer. Robinson previously served three years as executive vice president...