Author: Shinil Krishnan

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, is pleased to announce the acquisition of two premier Class A storage facilities in the New York Metro region. The first facility, located at 1204 Broad St. in Clifton, New Jersey, encompasses approximately 116,100 net rentable square feet. Boasting a traffic count of approximately 158,800 vehicles daily from State Highway 3 and Broad Street, this prime location is conveniently situated across from a well-established retail store. The property features a three-story building with a…

NexPoint, a multibillion-dollar alternative investment firm, today announced the launch of NexPoint Storage VI DST, a Delaware Statutory Trust (“DST”) offering, which includes two Generation-V (“GenV”), Class-A storage facilities in the Nashville and Washington-Arlington-Alexandria (“Washington DC MSA”) metropolitan statistical areas (“MSAs”). The two GenV storage facilities, located in Temple Hills, Maryland, and Nashville, Tennessee, will be managed by Extra Space Storage, an industry-leading owner and operator of self-storage properties. NexPoint believes both regions present attractive long-term investment opportunities given the favorable demographic qualities. The $45 million offering qualifies for 1031…

StoragePRO Management®, Inc., “StoragePRO®, the nation’s leading independent third-party property management company specializing in self-storage, has announced that on January 1, 2025, it will acquire New York-based boutique storage management company Storage Investment Management, Inc. (SIMI). This acquisition is a testament to StoragePRO’s commitment to expanding its national management footprint. The acquisition of the SIMI portfolio of 20 managed properties adds 1 million square feet and over 8,700 units to the StoragePRO Management portfolio, bringing their total managed assets to over $2 billion. This growth into twenty new cities and…