News

The city of Loveland, Colorado, voted unanimously on July 20 to ban self-storage development from a 92-acre parcel it owns to the southwest of Colorado State Highway 402 and Interstate 25, known as the Ehrlich Addition. The injunction aims to make...

Self-storage builder Storage Construction has promoted Stephen Rohrbach to coordinator for the Western Region, focusing on growth in that area of the country. Rohrbach will be the first line of contact in the company’s new Colorado office. In...

Real estate investment firm Heitman LLC has raised $3.2 billion to launch three new funds that will seek commercial real estate investments focused on apartments, medical offices, senior and student housing, self-storage and warehouses. It will...

Two people were arrested this week in connection with nearly three dozen burglaries that occurred at self-storage facilities in Goldsboro, North Carolina. The break-ins took place at two Compass Self Storage facilities between Jan. 12 and July 19...

Update 7/21/21 – VanWest has acquired a two-property self-storage portfolio in Hickory and Shelby, North Carolina, through Fund II. Together, the facilities comprise 219,000 net rentable square feet in 1,570 units, including 127 boat/RV-storage...

Self-storage real estate investment trust (REIT) Extra Space Storage Inc. has surpassed 2,000 storage facilities in its owned and managed portfolio. The company has doubled its store count since 2013 and last year invested more than $900 million...

The Mundelein, Illinois, Village Board rejected a 5% sales tax on self-storage rentals last week after receiving strong opposition from the Illinois Self Storage Association (ISSA) and national Self Storage Association (SSA). The fee would have...