Real estate developer Martin Taradejna intends to convert a former Lincoln Logs factory in Chicago to self-storage. Taradejna acquired the property at 1750 N. Lawndale Ave. in the Humboldt Park neighborhood on June 2 for $2.2 million. The acquisition i…
World Class Capital Group Acquires 3-Property Self-Storage Portfolio in Denver Area
World Class Capital Group LLC (WCCG), which operates the Great Value Storage brand, has acquired a three-property self-storage portfolio in the Denver area that formerly operated as Bargain Storage. The facilities comprise more than 103,060 square feet…
South Africa Self-Storage Operator Stor-Age Posts Financial Results for Year Ended March 31
Stor-Age Property REIT, which operates the Stor-Age Self Storage brand in South Africa, has released its earnings report for the fiscal year that ended March 31. The company reported its third consecutive period of growth, achieving large gains in occu…
Macritchie Storage to Convert Former Soap Factory to Self-Storage in New Brunswick, NJ
Macritchie Storage LLC, a self-storage developer based in Calgary, Alberta, Canada, is planning to convert a former soap factory in New Brunswick, N.J., to self-storage. The company purchased the property at 1007 Jersey Ave. for $2.7 million, according…
Self-Storage REIT Life Storage Acquires 3-State, 18-Asset Portfolio
Self-storage real estate investment trust (REIT) Life Storage Inc. and a joint-venture partner have acquired 18 facilities in Arizona, Nevada and Tennessee. The REIT holds a 20 percent ownership interest, according to a press release, and the propertie…
Several Self-Storage Projects in the Works in Collier County, FL
Update 1/22/18 – Four self-storage projects affiliated with real estate developer Johnson Development Associates Inc. (JDA) are nearing completion in the Naples area. The 776-unit development known as Rattlesnake Self Storage will be three storie…
Valet Self-Storage Operator Clutter Receives $64M Investment to Fuel Expansion
Valet self-storage operator Clutter has raised $64 million in a Series C round of investment to help fund expansion to new markets around the world. The round was led by U.K.-based venture-capital firm Atomico, which was joined by Fifth Wall Ventures, …
ISS News Desk: Free Inside Self-Storage Business Resources Heat Up the Summer Season
As summer nears and temperatures rise, the number of free information resources available from Inside Self-Storage is also climbing. This News Desk takes a look at the recently released image gallery on facility design, data collection for the ann…
The Fair Debt Collection Practices Act: An Overview for Self-Storage Operators
When it comes to collecting self-storage debt, it’s important for facility operators to follow the law. Here’s an overview of the Fair Debt Collection Practices Act and advice for compliance.
Margate, FL, Officials Make Self-Storage Development Ban Indefinite
Update 9/14/17 – Margate officials have decided to make the city’s ban on self-storage indefinite. Though city staff suggested Margate could confine future storage development within its industrial zone, commission members instead decided t…