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.
Storage Business Owners Alliance LLC (SBOA), a buying group for the U.S. self-storage industry, has partnered with Lease Corp. of America (LCA) to provide equipment-financing solutions to its members. LCA offers financing on HVAC systems, golf...
StorageMart, which operates more than 200 self-storage properties across Canada, the United Kingdom and the United States, is refinancing a large portion of its portfolio in an effort to direct money toward development and expansion as well as to...
Jacob (Jake) Becher, director of the National Self Storage Group for commercial property-investment firm Marcus & Millichap (M&M), and associate broker Tasso Douglas, have merged with the company’s Hatcher Group, which also specializes in...
Moove In Self Storage, which operates 24 locations in Maryland, New Jersey, New York and Pennsylvania, has acquired Trans-Am Self Storage in Lititz, Pa. Like other facilities in the Moove In portfolio, it’ll be managed by Investment Real Estate...
Update 12/24/18 – The first floor of Jernigan’s three-story CubeSmart facility has opened. A small parking lot and loading dock at 1838 Washington Blvd. are also finished. Once complete, the building will offer 1,000 storage units, according to a...
Morningstar Properties LLC, which operates self-storage properties under the Morningstar Mini-Storage brand, has acquired three Devon Self Storage facilities in Georgia and South Carolina. Combined, the portfolio comprises 216,542 square feet of...
