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.
Update 11/21/18 – Yardi has released a new “National Self Storage Report” examining the impact of self-storage supply nationwide. The six-page report compiles data from more than 2,000 properties in the supply pipeline and 339 “abandoned”...
Andover Properties LLC, which operates the Storage King USA self-storage brand, has acquired Ace Storage in Polk City, Fla. It’s the company’s 13th purchase in the state and its latest transaction under a partnership with Angelo, Gordon & Co....
StorageMart, which operates more than 200 self-storage properties across Canada, the United Kingdom and the United States, has acquired Safe Place Mini Storage in Virginia Beach, Va. It’s the second facility the company has purchased in the city...
A self-storage feasibility study is more than just a collection of maps, data and information. Learn why an impartial report is necessary for a successful project and what it should include.
W. P. Carey Inc., a global net-lease real estate investment trust (REIT) that owns more than 100 self-storage facilities nationwide, completed a merger with its managed fund CPA:17 – Global (CPA:17) on Oct. 31. The $5.9 billion deal brought 44 net...
AMERCO, the parent company of U-Haul International Inc., has acquired Music City Self Storage in Nashville, Tenn., from Andover Management Group, a real estate development and management firm. Opened in March, the facility at 506 Fesslers Lane...
