Update 11/13/17 – Though Ferndale councilmembers and city staff expressed reservations about imposing a six-month ban on self-storage development during a Nov. 6 meeting, the council approved the moratorium. A public hearing on the ordinance is r…
National Storage Affiliates Trust Acquires 27-Property Store Here Self-Storage Portfolio
National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has acquired a 27-property portfolio spanning six states from Store Here LLC, a joint venture between self-storage operator Store Her…
Storage Vault to Open 7 New Self-Storage Sites Across Scotland
Storage Vault Ltd., which operates three self-storage facilities in Scotland, intends to develop seven new locations across the region. The projects will incorporate the company’s model of flexible workspace, offering a mix of storage, office and…
Self-Storage Conversion Project Approved for Paris, ME
Real estate developers Daniel and Nickolaus Reavis received approval from the Paris, Maine, Planning Board last month to convert a former grain mill to self-storage. The pair entered a five-year lease on Oct. 1 on the building at 8 Skillings Ave., wher…
Champion Self Storage in Grayson, GA, Expands
Champion Self Storage, which operates four facilities in Florida and Georgia, is growing its Grayson, Ga., facility. Expected to be complete in May 2018, the expansion at 2415 Loganville Highway S. W. will add 38,363 square feet of storage space in 417…
Self-Storage REITs Release Financial Results for Third-Quarter 2017
The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have released financial statem…
Seaville Self Storage Owner Re-Elected to Township Committee in Upper Township, NJ
Update 11/10/17 – Corson retained his seat on the Township Committee by receiving 52 percent of the vote. The 53-year-old Republican self-storage owner prevailed despite heavy Democratic voter turnout. Bond and Grubb received 40 percent and 9 per…
Pegasus Group/Central Self Storage Partners With Charity Storage
Pegasus Group, a real estate investment and management company that owns and operates self-storage facilities under the Central Self-Storage brand, is partnering with Charity Storage Inc. to raise money for The Michael J. Fox Foundation and other cause…
Public Storage Opens New Self-Storage Facility in Plano, TX
Public Storage Inc., a self-storage real estate investment trust (REIT), opened a new facility last month in Plano, Texas, a suburb of Dallas. The property at 7950 Ohio Drive, the company’s ninth in the city, is part of an ongoing effort to expan…
Storage Pros Management Acquires 2 Stor/Gard Self Storage Properties in Northborough, MA
Storage Pros Management LLC (SPM), which owns or manages 19 facilities in six states, has acquired two Stor/Gard Self Storage facilities in Northborough, Mass., a Boston suburb.