Trumbull Self Storage in Trumbull, Conn., is partnering with cancer survivor Michael Murray to host a charity community tag sale on May 14. The event at 245 Spring Hill Road, 9 a.m. to 3 p.m., will also include a “Can Cancer Drive” through …
U-Haul Buys Self-Storage Development Site in Howell, NJ
Phoenix-based U-Haul International Inc. has purchased a 4.7 acre self-storage development site in Howell, N.J., for $850,000. Located along U.S. Route 9, the property is approved for 118,000 square feet of storage space. The sellers had originally obta…
3 Types of Self-Storage Audits: Assessing Your Business and Staff
Audits are a necessary part of owning a self-storage business, yet many owners don’t do them. It’s time to take a proactive approach. Here’s a look at three types of audits as well as red flags that could signal your business is in tr…
Record-Setting Inside Self-Storage World Expo Helps Industry Professionals Invest in Their Future and Business
The record-setting crowds at last week’s Inside Self-Storage World Expo in Las Vegas are proof positive that the industry is striving toward new heights, with participants eager to learn all they can and make the right investment in their future …
W. P. Carey REIT Affiliate Invests $70M in 6 New York Self-Storage Facilities
CPA:17 – Global, a publicly held, non-traded real estate investment trust (REIT) managed by global net-lease REIT W. P. Carey Inc., recently acquired a stake in six Secure Self Storage facilities in New York. The REIT paid a total of $69.9 millio…
Self-Storage REIT Extra Space Storage Announces Change to Board of Directors
Gary B. Sabin, a board member for Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT), announced his retirement from the REIT’s board of directors, effective May 24. Sabin will step down immediately follow…
Dahn America360 Storage III DST Acquires Sentry Self Storage in Athens, GA
Dahn America360 Storage II DST, which is sponsored by self-storage operator Dahn America360 LLC, has purchased a Sentry Self Storage facility in Athens, Ga., and rebranded it as Mini U Storage. The property at 2375 Lexington Road consists of nine build…
Simply Self Storage Hires Senior Vice President of Corporate Growth
Simply Self Storage (SSS), which owns or manages 192 self-storage facilities in the United States and Puerto Rico, has hired Joe Robinson as senior vice president of corporate growth. Prior to joining the company, he was vice president of pricing and m…
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The Anatomy of a Successful Self-Storage Real Estate Transaction
Buying and selling self-storage properties is a complex process. This article outlines the structure of a deal and will help to ensure a smooth transaction.