Day: May 6, 2025

StorTrack Launches Monthly Self-Storage MSA Reports for 360+ U.S. Markets

StorTrack is excited to announce the release of a valuable new feature exclusive to Unlimited Explorer subscribers: Monthly MSA Reports for over 360 Metropolitan Statistical Areas (MSAs) across the United States. These reports are designed to give operators, investors, and developers a reliable, high-level view of local market conditions — compiled monthly using StorTrack’s continuously refreshed dataset. While our platform updates data daily, the MSA Reports provide a consistent monthly snapshot, making it easy to monitor trends over time and compare markets side by side. Whether you’re evaluating a new…

Cubesmart Opens New Self-Storage in Farmingdale, NY

The three-story, 115,000-square-foot building was developed by Sterling Equities on 2.84 acres at 505 Bi County Blvd. Sterling Equities created the development site by subdividing its 12.12 acres at 500 Bi County Blvd., where it owns a 145,000-square-foot office building that’s nearly 90 per cent occupied. The 953-unit self-storage facility was built on a portion of an underutilised parking lot. The project was headed by Frank Romano from Sterling Equities and Sandy Cohen from the property management firm Wachtler Knopf Equities. The development team included Racanelli Construction, Frank Relf of…

Rosewood Lands $125 Million Refinance for Storage Portfolio Across Five States in the US

Dallas-based Rosewood Property Co. has secured a $125 million refinancing loan for a 19-property self-storage portfolio under its ownership. PGIM Real Estate, Prudential Financial’s real estate investment and financing division, arranged the loan, while Newmark represented the borrower in the transaction. The portfolio encompasses 9,970 units across 1.2 million rentable square feet. The facilities are located in five different states, with 13 of them in Pennsylvania, three in Maryland and one each in New Jersey, Indiana and Kentucky. The portfolio has been under Rosewood’s ownership for more than a decade,…

White Label Storage Partners with Ai Lean to Simplify Lien Management

White Label Storage, one of the industry’s fastest-growing management companies, has partnered with Ai Lean—the only end-to-end lien compliance automation platform for self-storage—to simplify how owners and operators manage the lien process. Market data shows that delinquencies are on the rise, meaning more operators will be forced to navigate the notoriously complex lien process. Relying on manual workflows to resolve delinquencies leads to reduced revenue, increased legal risk, and time diverted from growth-focused initiatives. “We know firsthand how challenging delinquency resolution and lien compliance can be. That’s why we’re thrilled…