Day: December 14, 2022

Newmark Arranges $300 Million Self Storage Joint Venture with Maya Capital Partners and Artemis Real Estate Partners

Newmark announces that the firm has arranged a $300 million programmatic joint venture between Maya Capital Partners and Artemis Real Estate Partners focused on high-quality value-add self storage assets in the Northeastern United States. The Newmark team was led by Vice Chairmen and Co-Heads of the Debt & Structured Finance team Dustin Stolly and Jordan Roeschlaub. Transactions will comprise both marketed and off-market acquisitions of high-quality value-add properties and certificate of occupancy lease-up plays with the goal of creating a diverse portfolio of assets. The Venture was seeded by the…

The Year Ahead in Storage

In this educational video chat, we’re joined by industry veterans Mike Mele of Cushman & Wakefield, Shawn Hill of the BSC Group and Liz Schlesinger of Merit Hill Capital to discuss predictions for 2023. Storage has had a great couple of years but what can we expect with changing interest rates and decreasing occupancies? This group offers insights on the how the industry is transforming, development activity, market evaluation strategies and much more. Where is the self storage sector headed in 2023? Tune in to find out!

Recent Transactions: 12.06.2022 – 12.12.2022

Property: Savannah HWY6 Storage Location: Rosharon, TX Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL Buyer: Montfort Capital Partners Seller: Quintet Capital Group Acreage: 6.1 Unit Count: 678 Property: Stafford, VA Self Storage Facility Location: Stafford, VA Buyer: Arcland Property Company Acreage: 7.21 Unit Count: 943 Highlights: Climate-controlled and drive-up storage units On-site manager 24-hour video recording Elevator-accessible units Property: Champion Storage Location: Sheboygan, WI Broker and Brokerage: Sean Delaney of Marcus & Millichap Buyer: Rogers Equity Group IV, LLC Seller: JGSS, LLC NRSF:…