Live Oak Bank, which launched a lending division for self-storage developers, investors and owners, nearly two years ago, closed more than $137 million in self-storage loans last year. The firm has made nearly $160 million in 77 loans since launching i…
Self-Storage Marketplace SpareFoot Continues to Win Funds for Kure It Cancer Research
SpareFoot, an online marketplace for self-storage consumers, once again won more than $20,000 for Kure It Cancer Research by participating in the Austin Startup Games in Austin, Texas, on Jan. 21. Over the years, the company has raised more than $90,00…
StorageMart Acquires Self-Storage Facility in Lethbridge, Alberta, Canada
StorageMart, which operates more than 190 self-storage properties across Canada, the United Kingdom and the United States, has purchased a facility in Lethbridge, Alberta, Canada, its second in the city. The acquisition at 2615 Westside Drive W., near …
A Young but Blooming Self-Storage Market in South Africa
The South Africa self-storage industry is still very young, but its future is bright. The manager of Bloem Self Storage in Bloemfontein shares his observations on consumer awareness, development, rental rates and more.
City Restrictions Against Self-Storage Development Create New Barriers to Entry
Some cities have taken notice of the number of self-storage facilities either proposed or under development in their region and become leery of the buildout. In reaction, some have either considered action to curb self-storage development or passed mea…
Real Estate Roundup: Self-Storage Transactions January 2017
Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Fol…
Burglary Suspect Found Sleeping in Columbia, MO, Self-Storage Unit
A man suspected of breaking into a self-storage unit at Triple L Mini Storage in Columbia, Mo., on Wednesday was found sleeping in an adjacent unit. Police arrested Christopher Howery, 29, at about 1:30 p.m. on suspicion of second-degree burglary.
10 Self-Storage Companies to Watch in 2017
As we head into 2017, self-storage operators look to make their mark in an increasingly competitive industry. Based on their past performance and future plans, here are 10 companies expected to make headlines this year.
Equity Firm MPM Seven Prepares to Build Self-Storage in Wabasso, FL
Real estate developer Bob McKinley, who manages Canada-based private-equity firm MPM Seven LP, intends to build a self-storage facility in Wabasso, Fla. The developer is still creating a site plan for a self-storage structure of up to 60,000 square fee…
Extra Space Buys Chandler, AZ, StorQuest Self Storage Facility for $9.5M
Extra Space Storage Inc., a publicly traded self-storage real estate investment trust and third-party management firm, has purchased a StorQuest Self Storage facility in Chandler, Ariz., for $9.5 million. The property at 2150 N. Arizona Ave. comprises …