Author: Alison DeJaeger

Recent Closings: 2.22.22 – 2.28.22

Property: Freedom Storage Development Location: Nashville, TN Brokers and Brokerage: Andy Beeckman and Anne Williams-Blackwell of the Williams Group of Marcus & Millichap NRSF: 71,744 Unit Count: 598 and Four Retail Units Acreage: 1.93 Highlights: Ground up Development Opportunity of a Class A Three-story 100% Climate Controlled Facility Population of 52,557 within Three Miles Median household income of $66,308 Located on Busy Retail Corridor Property: Class A Facility Sale Price: $24.5 Million Location: Chino Hills, CA Buyer: Buchanan Street Partners NRSF: 95,500 Unit Count: 920 Property: REIT-Managed Self Storage Facility…

Pitfalls of a Database: Why Good Data Management Matters for Your Self-Storage Operation

In self storage, your ability to make the right decisions is dependent on your data quality. If your database contains outdated, inaccurate, or incomplete data, you’ll lack visibility to the information you need to reduce costs, retain tenants and grow your business. The Business Benefits of Effective Data Management Despite the risks, poor data management continues to be a widespread problem in self storage. On average, Experian reports that 33% of organizations‘ existing customer and prospect data is inaccurate. With the right data management strategy, your self storage operation can…

Pathfinder Signs Strategic Acquisition Agreement Adding RV and Self Storage Assets and Management Expertise

Pathfinder Ventures Inc. is pleased to announce that on February 10, 2022, it entered into a Letter of Intent with Black Sheep Income Corp., a private B.C. company with RV and self storage assets, to acquire all of the shares of BSIC for a combination of Pathfinder shares and cash. Upon completion of the acquisition, Mr. Mark O’Donoghue and Ms. Cathy Butler will join the executive management team and Ms. Butler, the Board of Directors. Under the terms of the LOI, Pathfinder will acquire a 100% interest in BSIC, which…

ACRES Originates $16 Million Loan for Nona Cove

ACRES Capital Corp., a leading commercial real estate middle-market lender, has originated a $16 million loan to fund the development of Nona Cove Self Storage in Orlando, FL. The property comprises 98,448 net rentable square feet to be developed into an Extra Space self-storage building containing 1,046 climate controlled self storage units and 7,593 net rentable square feet of ground floor retail space. The Extra Space self storage development will be one element of a mixed-use multifamily and retail development called FUTURA @ Nona Cove. This project is well situated close to Orlando International…

Space Shop Completes Sale of Two Portfolios for $137 Million

Altlanta, GA-based Space Shop Self Storage has sold two self storage portfolios encompassing nine locations for $137 million to REIT Extra Space Storage. “For investors, storage facilities are a historically stable investment and portfolio transactions are testament to the strength of this real estate product,” said Jason Linscott, partner, Stein Investment Group, parent company of Space Shop. “If you look back over the past 15 years, self storage assets have been the steadiest real estate asset class during recessions and have also performed exceptionally well in good times; it always…

Recent Closings: 2.15.22 – 2.21.22

Property: Kane Self Storage Closing Price: $1.57 Million Location: Marlborough, MA NRSF: 18,800 Unit Count: 136 Acreage: 1.0 Property: American Storage Location: Atlantic Beach, FL Buyer: InSite Property Group NRSF: 49,331 Unit Count: 504 Drive-Up Units and 39 Parknig Spaces Occupancy: 97% Property: CubeSmart (Managed) Closing Price: $10 Million Location: Teaneck, NJ Buyer: StorageBlue NRSF: 40,000 Property: Walter Hill Self Storage Location: Murfreesboro, TN Brokers and Brokerage: Brett Hatcher and Gabriel Coe of the Hatcher Group of Marcus & Millichap NRSF: 45,350 Unit Count: 273 Non-Climate Controlled, Four Offices, Two…

Let the Good Times Roll!

As we kick off 2022, it’s hard to imagine how the self storage market can get any better. Economists continue to prognosticate that the self storage market is sound and actually getting better; brokerage firms continue making rosy forecasts for the industry and your uncle, as predicted, has made his doomsday predictions at the holiday dinner table. The first few weeks of 2022 have confirmed that investor sentiment towards self storage is at an all-time high. Today, stabilized assets are commanding record high pricing while newly developed lease-up properties and…

Featured Broker: Evan DeCiantis

When Evan joined the company in July of 2021, he was tasked with developing the brokerage division of Pogoda Companies. Adrian College awarded him a bachelor’s degree in business in 2018 and shortly thereafter, he began his career in residential real estate with Realteam Real Estate in Metro Detroit. He sold over 100 units, totaling over $15,000,000 in sales in his first three years. Evan’s primary focus is the sale of self storage assets and the development of client relationships throughout the state of Michigan. He places high importance on…

Featured Broker: Brandi Tillman

Brandi Tillman joined the Sauls Storage Group team as an analyst following an 18-year career in banking that included specializing in deposit operations, lending and customer relationships. As a licensed insurance agent, in both Georgia and Alabama, she also served her banking customers as an annuity and insurance professional. She now holds a real estate license in Georgia and is pursuing her Alabama real estate license. She believes that integrity and building relationships are the keys to success in any business and keeps those principles at the forefront of her…

Featured Broker: Jane Sauls

Jane brings fresh energy to the self storage brokerage industry. She enjoys connecting buyers and sellers by helping them complete real estate transactions promptly to provide top-notch service to her clients. Since 2006, Jane has been engaged in site selection, rezoning and development, feasibility studies and business plans, all aspects of construction and project management, lease up and exit strategies. As co-owner of Sauls Storage Group, Jane has “real boots on the ground” operational experience, giving her a unique perspective as she helps both new investors, as well as single…