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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.
The world may feel like it’s upside down, but running your self-storage operation or pursuing a new project doesn’t have to follow suit. One of the best ways to stay current on industry trends and pursue ventures with confidence is to lean on the...
Update 1/8/21 – Following engagement with company shareholders, including funds advised by Elliott Investment Management L.P., Public Storage has appointed Michelle “Meka” Millstone-Shroff and Rebecca Owen to its board, and named Neithercut as the...
The coronavirus pandemic and uncertain economy have raised questions about whether now’s a good time to invest in self-storage. According to the author, there may be a “perfect storm” brewing and creating opportunities. Discover why and whether to...
Update 1/6/21 – BREIT completed its acquisition of Simply Self Storage on Dec. 18. With the deal complete, the company believes it is now the third largest non-listed self-storage operator in the United States, according a press release...
Update 1/6/21 – 10 Federal’s second fund, 10FSSAC2, has completed its equity round with an oversubscribed amount of $32 million. It closed on two self-storage acquisitions in Columbia, Mo., in November and a three-property portfolio in McDonough...
Private-investment firm Crystal View Capital has launched its third private-equity fund, Crystal View Capital Fund III LLC, which will focus on acquiring manufactured-housing communities and self-storage facilities. Open to accredited investors...
Marcus & Millichap (M&M), a commercial real estate investment services firm with offices in Canada and the United States, has acquired LMI Capital, a Houston-based firm that arranges debt and equity capital for hospitality, industrial, mixed-use...
Update 1/5/21 – Though NorthPoint Development agreed to sell the bulk of its Beyond Self Storage portfolio to Public Storage, a new source revealed the company will in fact retain three properties, including a facility in Lenexa, Kan., that was...
Storage Exchange has launched an interactive website for buyers, sellers and brokers of self-storage real estate. The platform leverages the power of data aggregation, empirical analysis and “right-sized fees” to maximize value for users through...
National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has added Blue Sky Self Storage as a participating regional operator (PRO). Blue Sky is a partnership between third-party...