Public Storage Inc., a self-storage real estate investment trust (REIT), has purchased Southlands Self Storage in Aurora, Colo., for $8.6 million, or $155 per square foot. The property at 5900 S. Gun Club Road is adjacent to shopping centers and across…
National Storage Affiliates Trust Buys 22-Property California Self-Storage Portfolio From W. P. Carey Affiliate
National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has acquired a 22-property self-storage portfolio in California from CPA:17 – Global, a publicly held, non-traded REIT managed …
Self-Storage Operator Morningstar Properties Appoints New Chief Investment Officer, Finance Associate
Morningstar Properties LLC, which operates self-storage facilities under the Morningstar Mini-Storage brand, has appointed Matthew J. Shapiro as its new chief investment officer and hired Mary A. Cummings as finance associate.
Manhattan Mini Storage Partners With Updater to Assist Self-Storage Customers With Moving
Manhattan Mini Storage, which operates 17 self-storage facilities throughout New York City, has partnered with Updater, a provider of relocation software that assists consumers with the moving process, helping them to do things such as update their mai…
4 Ways to Manage and Master Your Self-Storage Business’ Online Presence
Looking at online reviews and business listings for your self-storage operation is far from a waste of time. Gathering and analyzing online feedback about your company is crucial to your success. Here are some easy ways to start tracking this informati…
Creve Coeur, IL, Self-Storage Owner ‘Sees Red’ Over Vehicle Code-Violation Tags
Eleven vehicles being stored at Aaron’s Creve Coeur Self-Storage in Creve Coeur, Ill., were red-tagged by local police last week for violating the village’s ordinance on “nuisance vehicles.” The regulation is designed to keep th…
Stow, OH, City Council Approves Allen Road Self-Storage Proposal
MRT Properties Inc. received permission last month to move forward with its development project in Stow, Ohio. With a 4-2 vote on Oct. 13, the city council approved the conditional-zoning certificate for a 13,000-square-foot building on the 3.5-acre va…
Self-Storage Finance Firm Jernigan Capital Signs Stock-Purchase Agreement With Highland Capital
Jernigan Capital Inc. (JCAP), a merchant bank and advisory firm serving the self-storage industry, has signed a stock-purchase agreement with accounts managed by NexPoint Advisors L.P., an affiliate of investment adviser Highland Capital Management L.P…
Westy Self Storage of Stamford, CT, Wins ‘Best of the Gold Coast’ Award
Westy Self Storage of Stamford, Conn., was recently named a “Best of the Gold Coast” winner in the “Storage Facility” category by Moffly Media, which offers lifestyle events, publications and a website to residents in Fairfield …
Family-Owned Self-Storage Facility Expands in Middletown, PA
PA Large Storage in Middletown, Pa., is adding three new self-storage buildings this year to its property at 2912 River Road. Founded three years ago by brothers Josh and Nick Matincheck, the business opened with a single building that catered to vehic…