Self Storage
Self Storage Continues Positive Performance
The self storage industry continued to withstand the pressures of economic uncertainties, with street-rate rents increasing 1.7 percent over the past 12 months.
LSC Development Lands $60M Refi for New York Storage Assets
The four-year, non-recourse bridge loan encumbers three facilities encompassing nearly 312,000 square feet on Long Island.
What’s Next for the Self Storage Sector?
In the second installment of our 2021 outlook series, HPI’s Jonathan Vollinger offers insights on what shaped the self storage sector in 2020 and shares his expectations for the future.
Public Storage Expands With $528M Portfolio Acquisition
The REIT has purchased 24 existing assets from Beyond Self Storage and expects to close on another 12 as they are built next year.
Top 5 Self Storage Markets for Transaction Activity
We’ve identified the top self storage markets based on investment volume year-to-date through October, according to Yardi Matrix data.
CubeSmart Pays $17M for Las Vegas Storage Asset
Built in 2005, the two-story facility spans more than 45,000 net rentable square feet.
San Diego Storage Asset Trades for $21M
The buyer intends to expand the 800-unit facility with more than 200 units upon stabilization.
InSite Property Group Debuts Los Angeles Storage Facility
The company financed the 71,000-square-foot development with an $11.1 million loan originated by Valley National Bank.
Self Storage Rents Continue Strong Rebound
The year-over-year street rate performance was positive for both climate-controlled and non-climate-controlled units for the first time since 2017.
NitNeil Partners Acquires Denver Storage Property
The company financed its first acquisition in the metro with a $3.3 million loan from Alpine Bank.