News

PineBridge Benson Elliot, a U.K.-based real estate fund manager, has acquired a controlling interest in Necesito un trastero SL, which operates 81 self-storage locations across Spain. The company’s portfolio comprises more than 20,000 square...

U.K. self-storage operator Lok’nStore Group PLC has released financial results for the fiscal year that ended July 31, 2022. The company’s revenue was £26.9 million, a 22.9% increase over the previous year. The surge was driven by significant...

Private investment firm Flatirons Asset Management has acquired 33 self-storage facilities across eight states from Red Dot Storage, which will continue to manage the properties. The portfolio, which was 90% occupied at the time of sale, comprises...

Dutch pension-fund manager APG Investments Asia Ltd. (APG) and Singapore-based real estate firm CapitaLand Investment Ltd. (CLI) have formed a joint venture to acquire and expand Extra Space Asia (ESA), a privately owned self-storage operator with...

Sentry Self Storage Management, a third-party management and consulting firm for self-storage operations, released its third-quarter 2022 operating results, ending Sept. 30. The company reported quarter-over-quarter growth of 2% in total revenue...

More than $12,000 was raised for two charities during the Georgia Self Storage Association (GASSA) and South Carolina Self Storage Association (SCSSA) Oct. 9-11 joint conference. The record-breaking funds were generated through live and silent...

Life Storage Inc., a self-storage real estate investment trust (REIT) and management company, will elevate Alexander Gress, vice president of finance, corporate planning and investor relations, to chief financial officer (CFO) when current CFO...

Absolute Storage Management (ASM), a self-storage owner and property-management firm, has announced its operating results for the third quarter, which ended on Sept. 30. The company increased same-store revenue by 12.5% for the quarter compared to...

Update 10/28/22 – The Acme Township, Michigan, Board of Trustees voted 6-1 to approve the mixed-use conversion project proposed by Strathmore Real Estate Group despite continued public opposition. The former Kmart will be repurposed with self...

Update 10/27/22 – Menard Inc. has once again approached the city with a request to develop more self-storage on the parking lot of its Milwaukee facility. The planning commission voted this week to postpone a vote on the rezoning, which would...