Latest news on industry acquitions.
press, latest, acquisitions
The Radius+ Team • 22 Mar 2023
The Radius+ Team • 08 Mar 2023
Argus Broker Affiliates Announce Sale of Missouri Self Storage Facility
The Radius+ Team
Argus Broker Affiliates Announce Sale of Arizona Self Storage Facility
Argus Broker Affiliates Announce Sale of Buckeye Self Storage Facility
Compass Self Storage opens storage center in Orlando
New storage center in Orlando represents 100th store milestone for Compass Self Storage
Storage Post Announces 8th Property Acquisition of the Year
Storage Post Self Storage has announced the purchase of a 107,000 square foot self storage facility in south Linden, New Jersey.
Big Yellow Self Storage Opens 105th Store
Big Yellow Self Storage opens new store in Hove, their 105th store.
Storage Post Acquires 7th Self Storage Property of the Year
Storage Post Self Storage has announced the purchase of a brand-new ground up self-storage facility in Staten Island, New York - their 7th storage property of the year.
Storage King UK continues expansion with latest acquisition
Storage King UK continues expansion with the acquisition of four-property portfolio with properties in Banbury, Wednesbury, Frome and Amesbury.
StoragePRO Management opens facility in Fairfield, California
StoragePRO Management bolsters their portfolio in Fairfield by opening their fourth self storage facility in the Californian city.
San Antonio expansion continues for StorageMart
StorageMart continues to expand in San Antonio with the acquisition of Highland Mini Storage.
StorageMart acquires new facility in San Antonio
StorageMart acquires former Life Storage facility in San Antonio.
StorageMart opens new location in Idaho
StorageMart opens third Idaho location with acquisition of the 5 Mile Storage Company in Boise.
Storage Post's expansion continues with the purchase of a 4 property self-storage portfolio
Storage Post Self Storage has announced the purchase of four properties in the New York City metro area.
Compass Self Storage expands portfolio with acquisition of 2 properties
2 new properties bolster the portfolio of Compass Self Storage
New Facility for Storage Post Self Storage
Storage Post Self Storage expands portfolio with the addition of a new property in the Morrisania neighbourhood of New York City’s Bronx borough
New Acquisition for Apple Self Storage
Apple Self Storage acquires self storge facility in Parry Sound
StorageMart Enters The State of Washington
StorageMart have expanded into the state of Washingston with the closing of a Spokane self storage facility
Latest acquisitions for SpareBox Storage breaks the 100 store milestone
Additions of stores in Austin and Manchester, New Hampshire break the 100 store milestone for SpareBox Storage
Clutter merges with MakeSpace
Clutter merges with MakeSpace and will operate under the Clutter brand
New Property for Storage Post Self Storage
Storage Post Self Storage expands portfolio with the addition of a new property in Manhattan's East Village
47th Self-Storage Facility for Personal Mini Storage
Personal Mini Storage continues to expand
StorageBlue's latest acquisition
StorageBlue have annouced their latest acquisition in Teaneck
CubeSmarts Latest Acquisition
CubeSmart bolsters their portfolio with the closing of the Storage West Acquisition
StorageMarts $3 billion Acquisition
This week the self-storage industry witnessed one of the biggest deals of the year with StorageMarts acquisition of Manhattan Mini Storage.
Public Storage Enhances Portfolio with $1.8 Billion ezStorage Acquisition
The ezStorage portfolio comprises of 48 self storage properties (4.2 million net rentable square feet).
The Storage Investment Group Announces Full-Cycle Disposition of Its Self Storage Facility
The facility is located in Melbourne Florida, offering over 70,000 rentable square feet.
VanWest Partners Acquires Five Property Portfolio in Michigan
In 2021, VanWest Self Storage Fund II LLC. has closed 7 facilities representing just under $30mm.
Compass Self Storage Expands Their Footprint
Compass is actively pursuing growth through acquisition and development opportunities.
Bluebird Self Storage Acquires 5 Alberta Properties from StoreMart
This transaction makes Bluebird the 4th Largest Self Storage Company In Alberta, 7th Largest In Canada.
SmartStop Self Storage REIT, Inc. Closes Acquisition in $380 Million All-Stock Transaction
The acquisition of Strategic Storage Trust IV Inc. consisted of 24 wholly-owned self storage facilities.
New State Capital Partners And Mako Steel Take Majority Stake In Rabco
Together, Mako and Rabco will form a nationwide self storage solutions company
InSite Property Group acquires Statewide Self Storage in Piscataway, NJ
Located on three acres, the NJ property offers 66,000 square feet of drive up interior units.
StorageVault to Acquire 15 Storage Locations for $100 Million
Seven of the assets are located in Ontario, two in Saskatchewan and six in Alberta.
Go Store It and Cerberus Joint Venture Expands Portfolio of Self Storage Assets
The joint venture has closed on 12 storage assets totaling 6,000 units and over 850,000 rentable sf.
Buchanan Street Partners Acquires Huge Self Storage Facility in Portland
The enormous facility boasts over 100,000 square feet of and is located just four miles from downtown Portland OR.
Andover Properties Closes on “Midgard Self Storage” in Florida
The acquisition in Cocoa Florida marks Andover Prop's 23rd facility in the state.
PrimeSpace Capital Makes Strides in Self Storage
The company opened it's second facility in Illinois, and acquire it's third property in South Carolina.
Storable Acquires US Storage Search
SpareFoot clients will now benefit from customers being able to discover their facility through storage.com.
InSite Property Group Closes on New Store in Southwest Florida
The three story building offers nearly 72,000 square feet of climate controlled storage and 67 covered parking spots.
E-Commerce Trailblazer Scott Bintz Sells Storage Portfolio in North Dakota
After selling his multimillion truck-part business in 2015, Bintz decided to build a self storage facility. Or four.
Maryland-Based ezStorage Shops Portfolio for a $2B Payday
The company is looking for a buyer for their 48-property portfolio, which could reach north of $2 billion.
National Storage Affiliates Trust Acquires 14-Property Storage Portfolio
The portfolio was sold by The Jenkins Organization and comprises over 8,500 self storage unites.
Clearlake Portfolio Company Janus International Acquires G&M Stor-More
The acquisition enables Steel Storage Australia to enhance its offerings to the Australasian market.
DealPoint Merrill Sells Self-Storage Property for over $18 Million
The property is located in Nanuet New York and boasts over 80,000 square feet
The radius+ Team
Billion Dollar Deal Sets Stage for Self Storage Acquisition Activity in 2021
Blackstone's $1.2 billion purchase of Simply Self Storage has opened the acquisition floodgates.
Brookfield Asset Management Offers to Take Brookfield Property Private in $5.9 Billion Deal
The company proposes to acquire 100% of the units of Brookfield Property Partners at $16.5 per share.
SpareBox Storage Announces Acquisition of Stabilized Storage Portfolio in New Hampshire
The company acquired 12 self storage properties consisting of 320,000 net rentable square feet in New Hampshire.
Go Store It Finishes the Year with Nine Storage Acquisitions in the Month of December
The nine facilities were closed in the span of two weeks, located in NC, SC, FL, and TX.
Marcus & Millichap Broadens Capital Advisory Services With Acquisition of LMI Capital
The 10-person LMI team has completed more than $1.2 billion in transactions over the last three years.
Storage Firm 10 Federal Raises $32M, Acquires 5 Properties
The company oversubscribes its offering goal of $30 million in equity and closes its equity raise at $32 million
InSite Property Group Announces the Acquisition of 2 Self Storage Facilities in Portland, Oregon
The announcement includes one C/O facility as well as the acquisition of one recently opened Extra Space.
StorageMart Expands Into New Market With Recent Acquisition
The company makes their first entry into the state of Indiana acquiring two SOS Storage facilities.
Self Storage Building System Manufacturer Grows Through Acquisitions
Trachte Building Systems acquires three related businesses as they grow their self storage resources
Public Storage Accelerates Growth with High-Quality Portfolio Acquisition
The company has closed their first stage of the Beyond Self Storage portfolio for $528 Million.
Neighbor Expands Commercial Real Estate Footprint, Adds New Self Storage Space to New York City
With the demand for self storage surging and commercial vacancies at record highs, Neighbor takes action.
InSite Property Group Winds Down 2020 With Two Big Storage Deals
Both deals took place in California and each storage facility will be operated by SecureSpace.
CubeSmart Targets Acquisitions as 2020 Comes to a Close
CubeSmart is on track to spend nearly 3 times more on self storage acquisitions this year vs last.
Andover Properties Acquires a Class-A 91K Square Foot Facility
The updated facility is located in Euless Texas and recently expanded to include 96 outdoor parking spaces.
Public Storage Seizes Buying Opportunities to Expand Portfolio
Amidst the ongoing pandemic, Public Storage is taking aim to significantly expand their national footprint.
InSite Property Group acquires Self Storage Plus in Lanham, Maryland
The expanded property offers approximately 100,000 square feet of rentable space.
SmartStop Self Storage REIT to Acquire Strategic Storage Trust IV for $370 Million
The all-stock transaction will allow SST IV to merge into a newly-formed subsidiary of SmartStop.
StorageVault to Acquire 14 Storage Locations for $220 Million
The company has agreed to acquire 13 self storage facilities and 1 parcel of vacant land from six vendor groups.
NexPoint Completes Acquisition of Jernigan Capital, Outlines Growth Plan for NexPoint Storage Platform
JCAP will change its corporate name to NexPoint Storage Partners and will do business under that name going forward.
Extra Space Storage (EXR) Makes $300 Million Preferred Equity Investment in Jernigan Capital (JCAP)
Investment to provide a 10.7% yield and result in the addition of 37 stores to the Extra Space Storage Platform
Strategic Storage Growth Trust II Expands to Las Vegas
The acquisition represents SSGT II's first in Las Vegas and boasts over 99,000 square feet of rental space.
Newmark's Self Storage Group Represents Storage Pros in 16-Property Portfolio Sale
The assets comprise more than 850,000 square feet of storage space across Connecticut, Massachusetts and Rhode Island
CubeSmart Snags $540 Million New York City Self Storage Portfolio
The eight properties are to be acquired from Storage Deluxe, and make up over 780,000 net rentable square feet.
Blackstone to Acquire Simply Self Storage for $1.2 Billion
The mega deal will make Blackstone Real Estate the third biggest private owners of self storage in the nation.
Argus Broker Affiliates Announce Sale of Multiple Georgia Self Storage Facilities
Sauls Storage Group have closed on two facilities both within the Georgia area.
Southeast Florida Storage Asset Trades for $14M
ServisFirst Bank originated a $10.3 million loan for the purchase of the 78,521-square-foot property.
Bill Gates Becomes Part Owner of One of the Country’s Largest Self Storage Operators
The world’s second richest man has joined forces with the eighth largest self storage company.
JLL Capital Markets Arranges Financing for a Monster CubeSmart in Austin
Greens Global has acquired the enormous 1,152 unit self storage facility located in Austin Texas.
InSite Property Group Acquires Two New Storage Facilities
The two facilities on the east coast, will both be managed by InSite's wholly-owned management firm SecureSpace.
Fullsteam Acquires Self Storage Management Software Space Control
Fullsteam boosts their presence in the self storage industry with the acquisition.
Pogoda Adds Six Properties to its Self Storage Portfolio
The six acquisitions increase Pogoda's self storage portfolio by 240,757 sq. ft. and are located in Michigan.
1,200-Unit Self Storage Portfolio Trades in Suburban Nashville
Nashville is one of the fastest-growing cities right now, flooding with families and young professionals.
National Storage Affiliates ‘Well Positioned’ to Capitalize on Acquisition Rebound
'Operating fundamentals are stabilizing and there’s a sense that the worst is behind us.'
Self Storage Startup Seeks to Assemble $1 Billion-Plus Portfolio
The investors plan to acquire 100-200 facilities primarily located in tertiary markets.
Rizk Ventures Launches National Self Storage Platform SpareBox Storage
The group announces it's first acquisition of significant self storage portfolio in Amarillo, Texas
VanWest Partners Acquires Four Properties To Mark Closing of Self Storage Fund
The Denver-based real estate investment firm adds 161,000 rentable square feet to Fund portfolio.
Jernigan Capital to be Acquired by a NexPoint Advisors
The acquisition by Nexpoint is an an all-cash transaction valued at approximately $900 million.
1,692-Unit Self Storage Portfolio Trades in Kansas City
JLL Capital Markets assisted the seller and developer, and StorageMart secured the locations.
The BSC Group Closes $31 Million Acquisition Despite Pandemic Lending Market Volatility
The acquisition was an 8-property portfolio located around the city of Memphis Tennessee.
Tennessee Self Storage Portfolio Sells for $41 Million
The 8-facility storage portfolio was purchased by Gelt inc and all are located within 40 miles from one another.
InSite Property Group Sees Big Opportunity in Storage Acquisitions
Keith Wetzel and Nathan McElmurry answer questions regarding recent acquisition growth, markets, and facility types.
Stake in StorageMart Might be Acquired by Singapore Wealth Fund GIC
The potential transaction is slated to value StorageMart at more than $2.5 billion.
From Kmart to UHaul Self Storage; Behind The Conversion
Adaptive Reuse of the existing structure will allow work to occur in stages, with a showroom to be completed first.
Five Star Storage Announces Acquisition of New Facility
The newly-acquired facility offers nearly 350 units and over 65,000 rentable square footage.
Public Storage Snags Big Properties In NYC and Boston
The three-property, Class-A portfolio deal was closed by JLL capital markets.
And Just Like That, Zero Bidders On The Table For National Self Storage REIT
Public Storage backs out of the massive $1.3 billion deal.
A Napa Self Storage Facility and it's Land Sell for $40.5 Million
I'm only sorry I got into it [self storage] when I was 55 and not younger.
SecurCare Self Storage to Merge with National Storage Affiliates
The merger is valued at over $200 million
Jernigan Capital Announces Acquisition of Developers’ Interests in Two Properties
JCAP further executes long-term strategy to wholly own JCAP-financed development projects.
Public Storage Places Big Bid on Austalia's National Storage
The bid is apparently superior to the one Gaw Capital placed just last month.
Australia's Largest Self Storage Reit Has an Offer on The Table
Hong Kong's Gaw Capital is the potential buyer, citing that discussions are preliminary at this time.
One Self Storage Developer's Decision to Sell Now
There's a lot of capital in the market, and they're looking for high-quality assets.
U-Haul Finds Benefits of Repurposing Old Buildings For Self Storage
U-Haul has been repurposing buildings for decades, sustainably reusing existing structures and benefiting communities.
VanWest Partners Ends Year With Two Acquisitions In Newest Fund
VanWest continues their goal of maintaining investor wealth through real estate investment strategies in self storage.
Four-Property Self Storage Portfolio Goes for $64.5 Million
Purchased by Strategic Storage Trust IV Inc., the portfolio includes 3,500 units across NC, VA, and FL.
Europa Storage Group Acquires Second Self Storage Portfolio in Netherlands
ESG is continuing to grow their presence with this acquisition of 4 facilities near Limburg.
Storage Startup Clutter Enters Real Estate With $152M Buy
Clutter acquired The Storage Fox which includes three storage locations around the greater New York City area
Lindsey Self Storage Announces First Transaction With Europa Self Storage
Europa Storage Group has the goal of becoming a leading self storage operator throughout the European continent.
Public Storage Aims To Maintain A Hungry Appetite
An appetite for acquisitions that is. CEO Joe Russell expects the stream of acquisitions to be steady through 2019.
Determining a Reasonable Capitalization Rate
Capitalization rates for self storage facilities have stabilized over the previous three years.
Be Nimble and Selective in Your Self Storage Investment Approach
Today’s self storage investment environment can be challenging for those looking to place capital in the asset class
Acquisitions 101: Do Your Due Diligence Part III
Keep in mind, though, that if there are issues with the facility, the current manager could be contributing to them.
Acquisitions 101: Do Your Due Diligence Part II
If you are 100% occupied, this does not necessarily mean that you are profitable as a business.
You’re Flooded With Smart Data. Now Let’s Use It!
In-house data provides the greatest insight into what's actually happening.
Acquisitions 101: Do Your Due Diligence Part I
Even if an owner isn't ready to sell at the time you inquire, expressing your interest in acquiring is important.
3 Ways to Determine the Value of a Facility
Valuation can be necessary for buying, selling, refinancing, estate planning or challenging a real estate assessment.
What is a Value-Add Deal and Is It Right for Me?
All of these management best practices can increase your facility’s revenue and/or decrease your operating expenses.
Nicholas J. Malagisi
What You Need to Know to Leverage Qualified Opportunity Zones
Gains on some investments can be completely excluded from income.
James de Gorter
Reflections on Buying and Developing at the End of the Cycle
Many deals that I passed on last summer are now suddenly coming back to me at prices that make a lot more sense.