Brian Somoza
Self Storage Enjoys Pricing Power As Americans Continue to Relocate
A slower development pipeline and touchless transactions are driving leasing success.
Wasatch Storage Partners Sells Nashville-Area Portfolio
National Western Life Insurance Co. provided a $12 million loan for the acquisition of 1,200 units in Murfreesboro, Tenn.
StorageMart Acquires 2 Facilities in Kansas City
At the time of sale, the buyer received a $16.7 million loan from First National Bank of Omaha.
Compass Self Storage Expands Miami Footprint
As part of the sale, the company assumed the existing debt on the 37,242-square-foot facility, a $5.2 million CMBS loan.
Public Storage Purchases New York, Boston Portfolio
Banner Real Estate Group sold three properties which comprise nearly 3,600 units.
Merit Hill Acquires Houston Self Storage Asset
The firm has expanded its footprint with the acquisition of a 709-unit facility located roughly 22 miles from downtown Houston.
National Storage Affiliates Buys Texas Portfolio
The company has purchased nine properties totaling nearly 5,000 units in the Houston, San Antonio and Austin markets.
JLL Brokers 3 Self Storage Sales
The firm arranged the sales of two Houston-area facilities and one property located in Crestwood, Ill. The assets changed hands in separate deals.
Is Self Storage Recession Resistant?
JLL’s Brian Somoza sheds light on what defined the self storage business in 2018 and shares his predictions for the specialty product type.
Public Storage Buys 360 KSF Minneapolis Portfolio
In a deal facilitated by JLL Capital Markets, Pegasus Group sold six properties totaling 3,243 units, with an average occupancy of nearly 90 percent.