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Self-storage acquisitions pile up for fall
The start of autumn has seen a strong amount of self-storage sales activity, indicated by the volume of deals listed below. Strategic Storage Trust Hot off the heels of its merger with Extra Space...
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Exclusive: Banner Storage Group goes big with $185 million pipeline
One of the newest self-storage developers in the industry is shaping up to be among the most prolific. Launched in 2013 and completing its first facility in 2014, Northbrook, IL-based Banner Storage...
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StorageMart puts brakes on expansion project in Canada
Columbia, MO-based operator StorageMart has shelved a planned expansion at a facility it owns in Saskatoon, the largest city in the Canada’s Saskatchewan province. A slumping economy and a rise in...
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Valet storage segment continues to expand
What started out as a smattering of trendy “valet storage” firms in urban areas across the country has turned into an increasingly competitive industry as more players jump into the new niche market....
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Storage startup Clutter collects $9M in funding
After recently debuting in New York City, on-demand storage startup Clutter has just raised $9 million from venture capital firm Sequoia. The new round of founding brings Clutter’s total funding to...
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Morningstar buys AL facility for $9M and more self-storage transactions
Charlotte, NC-based Morningstar Properties purchased CoolBox Private Storage in Alabaster, AL for $9.8 million, according to local property records. The facility at 50 Gilbert Road (pictured above)...
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Public Storage absorbing demand faster than expected
Public Storage CEO Ron Havner said that new supply in the industry is on the way, but it won’t impact their financial performance anytime soon. “New supply is coming and I believe it will continue to...
View ArticlePublic Storage to settle class action lawsuit
A preliminary settlement agreement has been struck that would bring a contentious class action lawsuit against Public Storage to a close, and some extra cash to up to 200,000 Florida customers. The...
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Research firm starts tracking self-storage development
A research organization known for tracking the hotel industry is turning their attention towards self-storage development. Hendersonville, TN-based STR, Inc. (formerly Smith Travel Research) has...
View ArticleCubeSmart CEO: “More challenging to find deals”
As developers pursue self-storage projects across the country, many are getting bogged down by red tape, according to CubeSmart CEO Christopher Marr. “I think it is just incredibly difficult to get...
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The Roll Up: Weekly Self-Storage Development Round Up 11.11.15
NitNeil Partners is gearing up to convert an historic landmark in Louisville, KY into a self-storage facility (pictured above). The Atlanta-based developer is teaming up with local businessmen Aaron...
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Jernigan: Still seeing very little new starts
New supply in the self-storage supply is coming, but not quite yet. Dean Jernigan, CEO of self-storage lending firm Jernigan Capital, said during the company’s recent earnings conference call that...
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U.S. self-storage industry statistics
Updated 03/28/2017 This page contains statistics about the U.S. self-storage industry compiled by The SpareFoot Storage Beat. Statistics on this page will be updated as we receive new data. If you have...
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Clutter acquires $152 million self-storage portfolio as it embarks on new...
For the last several years, Los Angeles-based Clutter has made a name for itself as a leader in the burgeoning “on-demand storage” industry and a disruptor of the traditional self-storage industry. Now...
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