Author: Alison DeJaeger

Introducing The Hatcher Coe Group of Marcus & Millichap

We are excited to announce that The Hatcher Group of Marcus & Millichap is now The Hatcher Coe Group of Marcus & Millichap. For nearly eight years, Gabriel has been essential in the completion of over 348 self storage transactions totaling close to $2.1 billion. He started from the ground up and continues to build upon his success as both a team player and leader.” “Gabriel has been an integral part of our success and has proven himself year after year, making a great name for himself and our team…

Featured Brokers: Tom de Jong, Jacob Becher and Dana Chobor

The Colliers Self Storage Advisory Team of Tom de Jong, Jacob Becher and Dana Chobor represent buyers, sellers, developers and institutional clients on self storage transactions throughout the United States. With hundreds of closed transactions and over 25 years of combined experience and over $2 billion in closed self storage transactions the Colliers Self Storage Advisory Team is ready to serve your self storage acquisitions, dispositions, site selection or advisory needs.

Prime Group Holdings Secures $102 Million Loan for Self Storage Portfolio

An affiliate of the self storage owner and operator Prime Group Holdings LLC has secured a $102.5 million loan for the acquisition of a five-property self storage portfolio. Given Prime’s excellent track-record, we look forward to their continued success in these markets.” The 4,000-unit portfolio is situated across three states in New England. Each of the five best-in-class properties are newly-built assets and well-located within their respective markets. H.I.G. Realty Credit Partners, an affiliate of global alternative investment firm H.I.G. Capital, originated the loan for the buyer. “We are excited…

Recent Closings: 4.26.2022 – 5.2.2022

Property: AFStor Newly Constructed Facility Closing Price: $19.7 Million Location: Newark, DE Buyer: SmartStop/Strategic Storage Trust VI NRSF: 80,650 Unit Count: 830 Climate-Controlled Units Property: AFStor Newly Constructed Facility Closing Price: $21 Million Location: Levittown, PA Buyer: SmartStop/Strategic Storage Trust VI NRSF: 78,000 Unit Count: 810 Climate-Controlled Units Property: CubeSmart Self Storage (Managed) Closing Price: $15 Million Seller: 345 Shrewsbury Storage Location: Worcester, MA NRSF: 105,000 Property: Storage Station Location: Concord, NH Buyer: Storage Ventures NRSF: 37,000 Unit Count: 385 Year Built: 1988 Property: A-1 Storage Location: Pearland, TX Brokers…

Kitchener, ON

Using the Market Discovery Tool from StorTrack Explorer, we were able to view market data on Kitchener, a city in southeast Ontario about 100 km (62 mi) west of Toronto. With 20 stores in this market and no current development activity, this market could be worth further evaluation. The city has 3.59 square feet per capita and a high median household income of $85,058 when compared to the national and province averages of $70,336 and $74,287, respectively. To view additional metrics and learn if this area presents a viable investment…

Featured Broker: Brooks Dove

Brooks Dove is the managing broker and owner of Brick Realty, as well as Hearth Construction & Development Group. Representing Georgia investors, property owners and developers, Brooks is committed to listening to his clients’ needs and utilizing his keen negotiating skills to ensure a successful transaction. Raised in metro Atlanta, Brooks understands the explosive growth moving throughout all of Georgia and in the self storage class specifically. Brooks began his real estate career in 2003 when he joined the profession as part of a top-producing RE/MAX team. As the Argus…

National Storage Affiliates Trust Announces Largest Increase in Quarterly Common Dividend Since IPO

National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA), announced that its Board of Trustees today declared regular cash dividends for the first quarter 2022 payable on March 31, 2022 to shareholders of record on March 15, 2022 on the following securities: a dividend of $0.50 per common share, representing an annualized dividend rate of $2.00. This new rate represents a 43% increase from the first quarter 2021 dividend and an 11% increase from the previous quarter. a dividend of $0.375 per share on the Company’s 6.000% Series A…

Store Space, QuadReal Form $1 Billion Self Storage Investment Partnership

Winter Garden, FL-based Store Space Self Storage and Vancouver-based QuadReal Property Group have formed a strategic partnership that is capitalized to build a $1-billion portfolio of self storage assets. The companies share a long-term strategy focused on scaling a nationally diversified portfolio of institutional-quality self storage assets across the US in locations with strong demographic and migration trends. The self storage sector offers steady growth. Further, it has shown resiliency and demonstrates consistent fundamental and demographic tailwinds that align closely with QuadReal’s core investment convictions.” The partnership’s value-add and core-plus…

Recent Closings: 4.19.22 – 4.25.22

Portfolio: Harrison Street Eight-Property Portfolio Locations: Texas, Illinois and North Carolina Brokers and Brokerage: Steve Mellon, Brian Somoza, Adam Roossien, Matthew Wheeler, Robert Westerfield, Steven Rutman, Dan Reynolds and Ryan Clutter of JLL Unit Count: 4,317 Occupancy: 93% Year Built: 2004 Property: Hammer Lane Self Storage Closing Price: $25 Million Location: Stockton, CA Brokers and Brokerage: Tom de Jong and Dana Chobor of Colliers’ Self Storage Group Buyer: Northwest Building NRSF: 109,800 Unit Count: 526 Climate-Controlled Units and 99 Parking Spaces Year Built: 2004 Property: All Pro Self Storage Location: Winston-Salem,…