The excitement at the Inside Self-Storage World Expo in Las Vegas was palpable, and one thing is certain: The self-storage industry is on fire! From real estate sales to a rise in facility revenue, industry professionals are reaping the rewards of indu…
Self-Storage Marketplace SpareFoot Hosts Street Store Event to Clothe Homeless
SpareFoot, an online marketplace for self-storage consumers, has thrown its support behind an initiative called The Street Store to provide clothing to the homeless population in the company’s home-base of Austin, Texas. SpareFoot will co-host th…
Boxful Unveiled as Latest Valet Self-Storage Startup Launched in Hong Kong
Boxful, a Hong Kong-based startup business specializing in valet self-storage services, launched in January, offering pickup and delivery service in Hong Kong Island, Kowloon and most of New Territories, according to the company website. Buoyed by $1.5…
Seeing Green: Simple Ways Self-Storage Operators Can Celebrate the Earth Every Day
April 22 is Earth Day. While some self-storage operators may think there’s not much they can do year-round to help Mother Earth, there are many ways they can save, preserve, recycle and otherwise do their part.
Metro Storage Acquires 3 Properties in Philadelphia Self-Storage Market
Metro Storage LLC, which operates more than 100 self-storage facilities in 11 states, has purchased three self-storage facilities in North Philadelphia suburbs. The company acquired the two-property StorageWORKs portfolio with facilities in North Wales…
US Storage Centers Acquires Self-Storage Facility in Chatsworth, CA
US Storage Centers Inc. (USSC), which operates more than 85 self-storage facilities in 13 states, has acquired a self-storage facility in Chatsworth, Calif. The former Storage Direct at 9818 De Soto Ave. has eight single-story buildings that offer driv…
World Class Capital Group Buys 4 Self-Storage Properties in IL, NY
Real estate investment firm World Class Capital Group LLC (WCCG) recently purchased two separate self-storage portfolios containing two properties each in Illinois and New York. The facilities will be rebranded and managed by Great Value Storage, the f…
Elite Stor Capital Partners LLC Buys 23 Self-Storage Properties in KY, OH
Elite Stor Capital Partners LLC, an equity investor focused on the self-storage industry, is acquiring 17 self-storage facilities in Kentucky and another six in Ohio. The company plans to institute new management and upgrade the properties, adding mode…
Marcus & Millichap to Host Self-Storage Market Webcast on April 16
Marcus & Millichap Real Estate Investment Services Inc., a commercial-property investment firm, will host a live “Self-Storage Market Webcast” on April 16 at 1:30 p.m. ET. The broadcast will provide an overview of the industry in 2015, …
Self-Storage REIT National Storage Affiliates Trust Launches IPO
National Storage Affiliates Trust (NSA), a Maryland-based real estate investment trust (REIT) specializing in self-storage, has launched an initial public offering (IPO) of 20 million common shares at between $15 and $17 per share. The company has also…