Real estate developer Ziff Properties Inc. has acquired a self-storage facility in Taylors, S.C., for $3.5 million. The 12-acre Taylors Storage property at 3146 Wade Hampton Blvd., Suite C, comprises 43,000 square feet of climate-controlled space. Ziff…
FEDESSA, JLL Release Research Findings on European Self-Storage Market
The European self-storage market continues to grow, with a high ceiling for future supply, according to research released by the Federation of European Self Storage Associations (FEDESSA) and investment-management firm JLL (Jones Lang LaSalle). This ye…
Self-Storage REITs Schedule Conference Calls to Discuss 3Q 2017 Financial Results
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 announced when and how th…
Creating Self-Storage Opportunity and Generating Revenue With Conversion Projects
Conversion projects are ideal for self-storage owners or developers who want to start or expand their business but are unable to find land for a new build. When embarking on this type of project, consider these functional and aesthetic factors.
Oakville, MO, Residents Oppose Lemay Self-Storage Proposal
Update 12/12/17 – The St. Louis County Planning Commission wasn’t ready to vote on the self-storage project proposed by Lemay Storage during its Dec. 11 executive meeting. The development was one of four proposals set aside by planners. The…
National Storage Affiliates Trust Acquires Ace Storage Portfolio in St. Louis Market
National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has acquired the Ace Storage portfolio in the St. Louis market. The transaction includes six properties comprising 440,059 square fee…
Industrial Warehouse in Weston, FL, to Become Self-Storage
Real estate investor Leo Ghitis has purchased a vacant industrial warehouse in Weston, Fla., for $8.1 million with plans to convert it to self-storage. The property at 1500 N. Park Drive is in the Weston Park of Commerce.
Silverbell Self Storage at Sunset Ranch Breaks Ground in Tucson, AZ
Herb Havins, president of The Havins Co. Inc., recently broke ground on Silverbell Self Storage at Sunset Ranch in Tucson, Ariz. The urban-renewal project at 2720 N. Silverbell Road was 10 years in the making, according to Havins, who also owns Ajo-Kin…
Self-Storage Industry Consolidation: Is the Trend as Prevalent as Owners and Investors Believe?
Despite the belief that consolidation is occurring rapidly in the self-storage industry and REITs are snapping up all the properties, the data demonstrates otherwise. Here’s a big-picture view of the challenges, implications and future of self-st…
Best Self Storage Acquires 21-Facility U-Stor-It Portfolio in Arkansas, New Mexico, Texas
Best Self Storage (BSS), a Southern California-based entrepreneurial group, acquired the 21-property U-Stor-It portfolio in Arkansas, New Mexico and Texas. The facilities, which comprise 563,000 square feet, are the first purchase made by BSS in the se…