News

Prime Group Holdings LLC, a New York-based real estate group that owns self-storage and other types of real estate, has acquired a 13-property self-storage portfolio valued at more than $100 million from Ziff Real Estate Partners. The facilities...

A fire broke out at Mini U Storage in Bradenton, Florida, on Saturday, injuring five firefighters and causing an estimated $1.5 million in damage to the self-storage property and unit contents. Initial responders from Cedar Hammock Fire Rescue ...

Absolute Storage Management (ASM), a self-storage owner and property-management firm, has announced its operating results for the second quarter and first half of 2021. The company increased same-store revenue by 15.7% during the quarter and 12.2%...

Update 8/24/21 – BDG has launched its fourth self-storage investment fund. Similar to Fund III, Boardwalk Storage Fund IV will pursue property acquisitions in secondary and tertiary markets throughout the Southeast. BDG plans to use the vehicle to...

Update 8/24/21 – Shurgard has released financial results for the quarter that ended June 30. In general, the company showed gains in key areas, particularly in operating revenue and net operating income (NOI), according to a press release...

Update 8/20/21 – Janus has closed on its acquisition of DBCI, which will continue to operate under its own name as a Janus subsidiary. Janus expects to grow its customer base through direct access to DBCI’s core general contractor and distributor...

SmartStop Self Storage REIT Inc., which operates facilities in 19 U.S. states and Toronto, is in talks with underwriters about potentially listing an initial public offering (IPO). Though no decisions have been made, an IPO could occur sometime...

Update 8/20/21 – Governor Newsom this week declared a state of emergency for El Dorado County due to the Candor Fire, which has burned 6,500 acres in the state. The county is also under a consumer alert for price gouging. Eleven counties are now...

Guardian Storage, which operates self-storage facilities in Colorado and Pennsylvania, has added a colorful mural to its property in the Shadyside neighborhood of Pittsburgh. The artwork at 5873 Centre Ave. spans 1,600 square feet across the...

Public Storage, a self-storage real estate investment trust (REIT) and management company, announced the passing of co-founder and chairman emeritus B. Wayne Hughes on Aug. 18. He was 87...