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.
Andover Properties LLC, which operates the Storage King USA self-storage brand, has acquired a three-property self-storage portfolio in Gulfport and Ocean Springs, Miss. Altogether, the properties comprise more than 112,000 square feet of storage...
G5, the provider of Digital Experience Management (DXM) software and services to the self-storage industry, has released a “State of the Industry Report” for the first half of 2018. The 24-page report examines self-storage trends and...
Real estate firm Merit Hill Capital LP has acquired two Houston-area StorIt! self-storage facilities from The Jenkins Organization, a self-storage developer, owner and management company. Combined, the properties offer 1,088 storage units...
Compass Self Storage, a member of the Amsdell family of companies, has acquired Lake Warehouse & Storage in Tavares, Fla. The company now operates 16 locations in the state and 83 nationwide. The purchase was made by separate affiliates of...
Update 9/4/18 – BDG is adding another self-storage facility in Woodstock. The company is developing a four-story, 100,000-square-foot property at 185 Woodstock Parkway. The property is strategically located near historic Downtown Woodstock...
Elmdale Ventures has purchased R Storage in Merrillville, Ind., with the intent to expand and upgrade the self-storage property at 3950 W. 73rd Ave. The renovations are coming years after the original developer failed to complete them, much to the...
