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...

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, 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 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 (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...

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...

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...

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...

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...

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...