A Houston-based investor that owns multiple Dallas-area office and retail properties has sought bankruptcy protection for its assets with more than $200 million in debt. Hartman SPE LLC has been selling off its office and retail properties to refocus the company on self-storage investments. In the Dallas area, the Hartman real estate investment trust owned 10 office buildings and three shopping centers at the start of 2023. Some of its high-profile holdings include the North Central Plaza tower and Gateway Tower on North Central Expressway in North Dallas. The real…
Category: Featured Home Slider
Recent Transactions: 9.12.2023 – 9.18.2023
Property: Long Beach Storage Center Location: Long Beach, CA Brokers and Brokerage: Andrew Sacks and Richard Riddle of SkyView Advisors Acreage: 1.03 acres NRSF: 22,625 Unit Count: 384 units Highlights: The site is near full capacity The site has room for expansion Property: Terrace Storage Center Location: Tampa, FL Broker and Brokerage: Cameron Vale of Oakside Co. NRSF: 88,127 Unit Count: 1,210 units Property: Class A Self Storage Facility (FreeUp Storage brand) Location: Kingsland, GA Buyer: Spartan Investment Group NRSF: 30,000 Unit Count: 333 units Highlights:…
StoreEase and Go Store It Announce Agreement to Implement StoreEase SaaS (Software-as-a-Service) Platform
Walking into a facility equipped with StoreEase’s technology was like stepping into the future of our industry,” said Beau Agnello Chief Operating Officer at Go Store It. “We’re not just following industry trends; we’re setting them. This isn’t a replacement for personalized service – it’s an upgrade.” StoreEase announces a strategic partnership with top operator Go Store It to implement its Virtual Technology Platform as a SaaS / white label solution. The initial rollout will consist of 11 properties in North Carolina and South Carolina. Go Store It will deploy…
Targeting a Winning Financing Execution in a Volatile Market
The debt markets have changed significantly since the Fed began raising interest rates in early 2022. As a mortgage broker, I’ve seen deals repriced, paused and/or die as a result. Still, we continue to close loans by embracing a strategic perspective that fits the current environment. The best financing execution is one that focuses on future goals and what can be controlled by the borrower. A case study will help illustrate this. We recently closed a loan fitting the following profile: Strong historical cash flow Low leverage Tertiary market The…
Janus International Group and Extra Space to Expand Implementation of Nokē™ Smart Entry System
Janus International Group, Inc (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for self-storage and other commercial and industrial sectors, today announced Extra Space Storage, Inc (NYSE:EXR) (“Extra Space”), intends to expand its install base of Janus’s award-winning Nokē digital access products across more than 400 additional facilities with the Nokē Screen over the course of the next year. Janus and Extra Space have partnered to bring Nokē smart technology and digital access to approximately 700 facilities to date. Upon…
Storage Authority Franchise -1st Impressions Matter
In this captivating video, we invite you to experience the essence of exceptional self-storage services right from the start. Why First Impressions Matter: They say you only get one chance at a first impression, and at Storage Authority, we take that to heart. We understand that your journey begins the moment you step through our doors or explore our online presence. From the welcoming smile of our staff to the pristine surroundings, every detail has been meticulously designed to ensure your first encounter with us is nothing short of remarkable.…
Storage Authority Opportunity with List Self Storage
Ready to explore the Storage Authority franchise? Don’t miss out on this chance to be a part of a dynamic and profitable industry. Hit that play button to learn more about what Storage Authority can offer you! About Storage Authority: Storage Authority is a renowned franchise that empowers individuals to tap into the lucrative self-storage market. With a proven track record and a wealth of industry knowledge, Storage Authority equips franchisees with the tools they need to establish and manage successful self-storage facilities. Contact: Garrett Byrd, Vice President 941-928-1354 (Call/Text)…
Featured Broker: Ashley Compton
Ashley Compton is a Principal and Vice Chairman at Colliers and also a leader of the Colliers Self Storage group which specializes in advising clients in the disposition, acquisition and recapitalization of self-storage facilities throughout the United States. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics and experience guide every interaction and define his service approach…