Author: Shinil Krishnan

SafeLease Announces Launch of SL Storage Partners to Provide Capital Solutions for Self-Storage Facility Owners Across North America

SafeLease, the leading provider of self-storage tenant protection and risk management products, today announced the launch of SL Storage Partners, a sister company built to serve self-storage facility owners seeking financing solutions or exit opportunities. SL Storage Partners will focus on direct lending and acquisitions of self-storage facilities across North America. SL Storage Partners and its affiliates are backed by $250 million of equity capital. The Company is positioned to move quickly and offer execution strength across a broad range of capital transactions, including bridge, mezzanine, and preferred equity financings,…

Manhattan Mini Storage Expanding its Brand in Brooklyn and Queens

Manhattan Mini Storage doesn’t just want a bigger bite of the Big Apple self-storage market. It’s now eyeing expansion into New Jersey too. Two years after its purchase by StorageMart, Manhattan Mini, a well-known self-storage operator on the island of Manhattan, announced earlier this month it was expanding its brand to Brooklyn and Queens, its first foray into the city’s outer boroughs since the storage firm’s founding in 1978. Two StorageMart facilities were converted to the Manhattan Mini brand, bringing the total number of Manhattan Mini outlets to 20 in…

Recent Transactions: 1.16.2024 – 1.22.2024

Portfolio: Hill & Homes Storage Portfolio (Seven property self-storage portfolio) Location: Grand Junction, CO Buyer: DXD Capital Broker and Brokerage: Thomas Parsons and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap Square Feet: 135,050 Unit Count: 922 units Highlights: All units managed from a central office All locations have perimeter fences Remote-accessed security cameras, and gates     Portfolio: DRD Mini Storage Portfolio (Two property storage portfolio) Location: Kingfisher, OK Broker and Brokerage: Dave Knobler, Charles “Chico” LeClair and Steve Greer of The LeClaire-Schlosser Group of Marcus &…

Janus International Group And Trojan Storage To Expand Implementation Of The Nokē™ Smart Entry System

Trojan Storage Installs Nokē Smart Locks at Nine Self Storage Facilities We’ve been incredibly pleased with the rollout of the Nokē system across nine of our facilities. Integrating Nokē ONE smart locks and Nokē’s technology at our entry points has enabled us to further our commitment to providing a first-class storage experience for our customers,” – Brett Henry, President of Trojan Storage Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial…

StoreEase and Go Store It Announce Accelerated Deployment of StoreEase SaaS(software-as-a-service) Platform

Building on the initial success of its partnership, StoreEase and Go Store It announce an expanded rollout of StoreEase’s Virtual Technology solution. This comes just months after an initial pilot period in Q4 2023, a testament to the immediate impact StoreEase has had on both customer experience and operational efficiency. Go Store It Virtual Managers®, located at the company’s corporate offices in Charleston, SC, proactively greet and assist customers face-to-face in each property’s rental office, while physical managers handle behind-the-scenes tasks at multiple facilities. “StoreEase’s technology is best-in-class,” says Beau…

ExtraSpace Storage Self-Storage Facility Proposed for Hamlin Park in Buffalo, NY

  A vacant warehouse would be turned into an ExtraSpace Storage self-storage facility under plans prepared by Dean Architects. Ferry Square LLC is proposing to reuse the building at 160 Dupont/294 E. Ferry Street but needs Preservation Board and Zoning Board of Appeals approvals. The proposed project will remove/infill brick to enhance and stabilize the façade and increase overall building transparency. A separate application for the façade improvement is pending before the Preservation Board due to the site being within the Hamlin Park Historic District. The project will also incorporate…

The Roxboro City Council Approves Storage Facility in Shelton Road, NC

The Roxboro City Council unanimously voted to approve a site plan for a self-storage facility at 1147 Shelton Road Tuesday night. The facility is proposed to feature 16,314 square feet of buildings with one office and five self-storage buildings, triggering a major site review by the council Tuesday night. The city requires a Planning Board and council review when projects are more than 7,000 square feet in structures or more than one acre of disturbed area. In November, the Planning Board unanimously recommended approval of the site plan. The amount…

Amazing Spaces® Sets New Heights in Storage with the Grand Opening of Tallest Ground-Up Storage Property in Houston, TX

Amazing Spaces Storage Centers, the renowned provider of secure and clean storage solutions, is proud to open the doors of its seventh property. This remarkable addition to the company’s portfolio showcases Amazing Spaces’ commitment to offering unparalleled storage solutions, combining security, aesthetics, and a truly upscale experience. The new property, following the company’s signature look of an elegant ski lodge, sets a new standard in the industry, and further solidifies Amazing Spaces’ position as a leader in the self-storage market. Serving the Greenway ~ Upper Kirby ~ River Oaks communities,…

Knickpoint Secures $18 Million Financing for Miami Self-Storage Project in Miami, FL

Knickpoint Ventures is developing 36th Street Storage, a self-storage project consisting of 1,160 storage units or 98,488 rentable square feet located in Miami. Knickpoint acquired the 1-acre site for $4.6 million in 2022 and concluded the planning and entitlement efforts in 2023. The land was a used car lot before Knickpoint purchased it. Knickpoint engaged the Aztec Group to source construction financing for the project. The Aztec Group arranged $18.3 million in construction financing for the deal. The financing opportunity of 36th Street Storage was awarded to Bank Hapoalim. 36th…

10 Federal Surpasses $96 Million in Capital Raise, Expands 4th Self-Storage Offering in Greeneville, TN and Seguin, TX

10 Federal, a prominent operator in the self-storage sector, proudly announces a significant achievement with a successful capital raise surpassing $16 million in the fourth quarter of the year for their 4th Self Storage offering. This latest accomplishment marks a large milestone, bringing the total capital raised by 10 Federal’s fourth offering to a noteworthy $96 million. Andrew Capranos, President of 10 Federal, expressed gratitude, stating, “We are immensely pleased with the trust from our valued investor base, reaching a cumulative capital raise of $96 million since the offering’s inception…