The process of buying or selling a self-storage facility has become more rigorous as markets have become increasingly competitive and changes in the economy impact property value. Owners and investors looking to acquire need to understand the investing process including due diligence, capitalization rates, appraisals and valuation methods.
Valet self-storage operator Clutter is poised to receive up to $250 million in an upcoming round of investment led by SoftBank Corp., a Japan-based holding company that has infused capital into other U.S. technology companies including DoorDash...
The Mele Group, a self-storage investment team led by Michael Mele, has joined real estate firm Cushman & Wakefield (C&W) and will be based in the company’s Tampa, Fla., office. The group had been the predominant self-storage advisory team...
Update 1/31/19 – 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 2019...
Investment-management firm Nuveen Real Estate has acquired 90 percent interest in 21 self-storage properties owned by Morningstar Properties LLC, which operates facilities under the Morningstar Mini-Storage brand. Morningstar will retain a 10...
Jernigan Capital Inc. (JCAP), a merchant bank and advisory firm serving the self-storage industry, has filed a lawsuit against its partners on a construction project in Miami. The $17.7 million suit, filed by investment affiliate Jernigan Capital...
