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North Palisade Partners Lands $55 Million for Self-Storage Facility in Los Angeles, CA

North Palisade Partners has obtained $55 million for the refinancing of its 3,039-unit self storage facility at 1920 Randolph St. in Los Angeles. By issuing the five-year bridge loan, Goldman Sachs Alternatives originated one of the largest financing packages for a single-asset self-storage property in Southern California. CBRE arranged the transaction. Proceeds retire existing debt. In 2022, Buchanan Street Partners provided two separate construction loans for North Palisade’s facility totaling $55.2 million, according to Yardi Matrix information. Completed in the first quarter of this year, the three-story, 214,000-net-rentable square-foot facility…

True Storage to Open New CubeSmart-Managed Self-Storage Facility in Dracut, MA

True Storage will be opening of a newly constructed, self-storage facility located at 55 Loon Hill Rd. The all-new class A facility will open its doors in May 2025, offering 70,425 rentable s/f of premium storage space and 807 climate-controlled units. The property was developed and is owned by True Storage, a national self-storage developer known for high-quality construction and community-conscious design. The facility will be operated by CubeSmart. This ground-up development represents True Storage’s approach to self-storage, combining clean, modern design with secure features such as climate-controlled interiors, video…

New Self-Storage Business to Open in Oconomowoc, WI

Construction has begun on Stor-It Right at Pabst Farms, LLC at 1030 Blue Ribbon Circle Drive North, located in the Pabst Farms Commerce Center west of Wisconsin Harley-Davidson and south of the Lake Country DockHounds ballpark. This is the second location for Stor-It Right, which has been in business in Hartland since 2022. “We’ve seen not only demand for storage grow in Lake Country but also requests for premium Class A self-storage facilities with special amenities,” said Katie Grasch, who owns and operates the family business with her husband, Joe…

Just A Closet to Open New Self-Storage Facility in San Marcos, TX

A new self-storage facility is set to open in San Marcos this fall, providing residents with more options to store their belongings. Just A Closet Self Storage will open near the Cottonwood Creek neighbourhood, offering a range of climate-controlled and non-climate units from 5×5 to 10×30 feet. The company has 10 locations across Texas, including one in Cibolo. The new facility is set to open in the fall at 4508 Hwy. 123, San Marcos For more information, please view the website: www.justacloset.com Source

Storage Units Capital Opens State-of-the-art Storage Facility in Greenville, SC

Storage Units Capital, a self-storage real estate investment firm, announced today the grand opening of its latest Class A self-storage property located near downtown Greenville. Strategically positioned on a signalized intersection with direct access to major streets and I-85, the facility offers unmatched convenience and accessibility for residents and businesses alike. “This location was selected based on in-depth market analysis and exemplifies our investment strategy to deliver high-quality, purpose-built self-storage in fast-growing, undersupplied markets,” said Sean Casterline, channel marketing director for Storage Units Capital. “In a time when investors are…

StorTrack Launches Monthly Self-Storage MSA Reports for 360+ U.S. Markets

StorTrack is excited to announce the release of a valuable new feature exclusive to Unlimited Explorer subscribers: Monthly MSA Reports for over 360 Metropolitan Statistical Areas (MSAs) across the United States. These reports are designed to give operators, investors, and developers a reliable, high-level view of local market conditions — compiled monthly using StorTrack’s continuously refreshed dataset. While our platform updates data daily, the MSA Reports provide a consistent monthly snapshot, making it easy to monitor trends over time and compare markets side by side. Whether you’re evaluating a new…

Cubesmart Opens New Self-Storage in Farmingdale, NY

The three-story, 115,000-square-foot building was developed by Sterling Equities on 2.84 acres at 505 Bi County Blvd. Sterling Equities created the development site by subdividing its 12.12 acres at 500 Bi County Blvd., where it owns a 145,000-square-foot office building that’s nearly 90 per cent occupied. The 953-unit self-storage facility was built on a portion of an underutilised parking lot. The project was headed by Frank Romano from Sterling Equities and Sandy Cohen from the property management firm Wachtler Knopf Equities. The development team included Racanelli Construction, Frank Relf of…

Rosewood Lands $125 Million Refinance for Storage Portfolio Across Five States in the US

Dallas-based Rosewood Property Co. has secured a $125 million refinancing loan for a 19-property self-storage portfolio under its ownership. PGIM Real Estate, Prudential Financial’s real estate investment and financing division, arranged the loan, while Newmark represented the borrower in the transaction. The portfolio encompasses 9,970 units across 1.2 million rentable square feet. The facilities are located in five different states, with 13 of them in Pennsylvania, three in Maryland and one each in New Jersey, Indiana and Kentucky. The portfolio has been under Rosewood’s ownership for more than a decade,…

White Label Storage Partners with Ai Lean to Simplify Lien Management

White Label Storage, one of the industry’s fastest-growing management companies, has partnered with Ai Lean—the only end-to-end lien compliance automation platform for self-storage—to simplify how owners and operators manage the lien process. Market data shows that delinquencies are on the rise, meaning more operators will be forced to navigate the notoriously complex lien process. Relying on manual workflows to resolve delinquencies leads to reduced revenue, increased legal risk, and time diverted from growth-focused initiatives. “We know firsthand how challenging delinquency resolution and lien compliance can be. That’s why we’re thrilled…

Are You Ready for Rental Season?

While the last few years have been challenging for the self-storage industry, one of the most positive and productive results of the volatile economy and lower street rents is that it has forced operators to take a hard look at their management platforms, operating procedures, expenses, unit pricing, and how their properties compete within their respective submarkets. We have all learned to survive with lower revenue and NOI growth. Today, we are starting to see signs that self-storage fundamentals are bottoming. External source reports that advertised rental rates are nearly…