April 22 is Earth Day. While some self-storage operators may think there’s not much they can do year-round to help Mother Earth, there are many ways they can save, preserve, recycle and otherwise do their part.
Metro Storage Acquires 3 Properties in Philadelphia Self-Storage Market
Metro Storage LLC, which operates more than 100 self-storage facilities in 11 states, has purchased three self-storage facilities in North Philadelphia suburbs. The company acquired the two-property StorageWORKs portfolio with facilities in North Wales…
US Storage Centers Acquires Self-Storage Facility in Chatsworth, CA
US Storage Centers Inc. (USSC), which operates more than 85 self-storage facilities in 13 states, has acquired a self-storage facility in Chatsworth, Calif. The former Storage Direct at 9818 De Soto Ave. has eight single-story buildings that offer driv…
World Class Capital Group Buys 4 Self-Storage Properties in IL, NY
Real estate investment firm World Class Capital Group LLC (WCCG) recently purchased two separate self-storage portfolios containing two properties each in Illinois and New York. The facilities will be rebranded and managed by Great Value Storage, the f…
Elite Stor Capital Partners LLC Buys 23 Self-Storage Properties in KY, OH
Elite Stor Capital Partners LLC, an equity investor focused on the self-storage industry, is acquiring 17 self-storage facilities in Kentucky and another six in Ohio. The company plans to institute new management and upgrade the properties, adding mode…
Marcus & Millichap to Host Self-Storage Market Webcast on April 16
Marcus & Millichap Real Estate Investment Services Inc., a commercial-property investment firm, will host a live “Self-Storage Market Webcast” on April 16 at 1:30 p.m. ET. The broadcast will provide an overview of the industry in 2015, …
Self-Storage REIT National Storage Affiliates Trust Launches IPO
National Storage Affiliates Trust (NSA), a Maryland-based real estate investment trust (REIT) specializing in self-storage, has launched an initial public offering (IPO) of 20 million common shares at between $15 and $17 per share. The company has also…
Beating Self-Storage Development Challenges in Latin America
Although Latin America is one of the hottest areas for self-storage development, local owners and builders face many obstacles, including difficult site selection, challenging zoning and building requirements, and ignorance of the product. Here’s…
New Mexico Governor Signs New Self-Storage Lien Law
New Mexico Gov. Susana Martinez signed an update to the state’s self-storage lien law on April 9 that enables storage operators to e-mail tenant-default notifications and conduct lien auctions online. Unlike lien-law bills that have passed in som…
Valet Self-Storage Startup DBox Launches in Vancouver, Canada
DBox Storage Inc., a startup business specializing in valet self-storage services, recently launched in Vancouver, British Columbia, Canada. The company uses an online platform that allows customers to schedule free item pickup, maintain an image catal…