Prime Group Holdings Closes Latest Self-Storage Acquisition Fund at $2.5B, $1B Past Target
Jan 31, 2023
Update 1/31/23 – Prime has closed its third acquisition fund after reaching $2.5 billion in investment, exceeding its $1.5 billion target. It received capital infusion from a variety of investors in more than 30 countries. Participants included...
10 Federal Continues to Raise Funds, Acquire and Sell Self-Storage Properties
Jan 31, 2023
Update 1/31/23 – 10 Federal has launched a fourth acquisition company, 10 Federal Self Storage Acquisition Co. 4 LLC (10FSSAC4), through which it intends to raise $100 million of equity investment for real estate purchases. The new venture has...
Balcomie Capital Launches $10M Investment Fund for Self-Storage Acquisitions, Development
Jan 27, 2023
Balcomie Capital, a private investment group, has launched a $10 million equity fund that’ll pursue value-add acquisitions and ground-up developments within the self-storage industry. The fund seeks about 40 accredited, high-net-worth investors...
Adverank Releases Pay-Per-Click Management Software to Self-Storage Industry
Jan 27, 2023
Adverank LLC, a software developer and social media marketing firm, has released a cloud-based software product designed to help self-storage operators maximize their pay-per-click (PPC) advertising. The launch is a joint venture with Avad Capital...
National Storage Affiliates Trust Names New Executive Vice President and Chief Legal Officer
Jan 27, 2023
National Storage Affiliates Trust (NSAT), a real estate investment trust specializing in self-storage, has promoted Tiffany S. Kenyon to executive vice president and chief legal officer. She formerly served as executive vice president and general...
Lexington, SC, May Limit Self-Storage Development
Jan 27, 2023
Officials in Lexington, South Carolina, are taking steps to limit self-storage development in the town’s commercial districts. During a Jan. 18 council meeting, members expressed their support for a zoning proposal that would limit storage to...
Self-Storage Real Estate Acquisitions and Sales: January 2023
Jan 26, 2023
Update 1/26/23 – Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Here’s an overview of additional activity happening in January 2023...
Self-Storage Development and Zoning Activity: January 2023
Jan 25, 2023
Update 1/25/23 – Prior to voting on three zoning variations, members of the Atlanta BeltLine Design Review Committee (DRC) expressed concerns about the self-storage development proposed by Atlanta Botanical Garden (ABG) on behalf of its client...
Extra Space Adds Solar Panels Across National Self-Storage Portfolio
Jan 25, 2023
Update 1/25/23 – Pivot Energy is set to install rooftop solar arrays at nine more Extra Space facilities. The panels will add 946.8 kilowatts of capacity to the self-storage operator’s solar portfolio of 150 projects across 12 states, reaching a...
Sales Veteran for Self-Storage Building Supplier MakoRabco Retires After 23 Years
Jan 24, 2023
MakoRabco, a nationwide supplier of buildings and construction-related services for the self-storage and boat/RV-storage industries, announced that Dick Bettencourt, regional sales manager for the Northeast, has retired after 23 years with the...
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