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.
Montfort Capital Partners LLC, a Dallas-based real estate investment and brokerage firm, has acquired Nations Storage in Houston, which it plans to renovate. The 463-unit facility at 22300 State Highway 249 is just off Spring Cypress Plaza Drive...
Extra Space Properties Two LLC, an affiliate of self-storage real estate investment trust Extra Space Storage Inc., has purchased a two-property portfolio in Folsom and Roseville, Calif. Together, the facilities comprise 165,920 net rentable...
Hampshire Real Estate Cos., a private real estate investment firm and self-storage operator, has acquired a self-storage facility in Hartford, Conn. The property at 1407 Park St. is situated along Interstate 84, about two miles from downtown. It...
Biproxi, an online platform for self-storage and other commercial real estate, has launched with more than 40,000 listings nationwide. The website specializes in middle-market listings, defined as sales transactions under $25 million and leases...
DEStorage.com, which operates seven self-storage facilities in Delaware, has acquired Barton’s Mini-Storage in Seaford, Del. The property at 20689 Sussex Highway also houses Barton’s Grand Rental and Barton’s Landscaping, which...
