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Bakke Development and BCDC Break Ground on Self-Storage Project in San Antonio’s High-Growth Alamo Ranch Submarket, TX

Bakke Development and BCDC have started construction on TalleyBak Storage, a 774-unit, three-story, climate-controlled self-storage facility in San Antonio’s rapidly growing Alamo Ranch/West submarket. It marks the eighth programmatic project for the partners as they continue expanding their self-storage development pipeline. “We are proud to continue our partnership with BCDC as we deliver another best-in-class self-storage facility in one of San Antonio’s most dynamic and fast-growing areas,” said Brandt Bakke, VP of Development of Bakke Development. “The demand for climate-controlled storage continues to grow, and we are confident TalleyBak Storage…

The Adelanto Planning Commission Approved New Development of Self-Storage, RV Parking and Offices in Adelanto, CA

The Adelanto Planning Commission met on March 5th and approved a new development that will bring a modern business park, storage facility, and recreational vehicle (RV) parking to the city. The project, spanning 9.68 acres at the southeast corner of Seneca Road and Pearmain Street, just north of Palmdale Road, and west of Highway 395, is designed to serve both business and recreational needs. The development, led by Adelanto Seneca Land, LLC and represented by Mr. Jake Sowder, is not just about storage and parking; it’s a forward-thinking project that…

Three-Story Self-Storage Facility Gets Green Light in Residential Zone in Piscataway, NJ

The township Zoning Board of Adjustment has approved the construction of a three-story self-storage facility in a residential zone on South Washington Avenue. The Board granted preliminary and final major site plan approval with variance and design waiver relief to 900 East 92nd Street, LLC for the approximately 127,722-square-foot building at 1659 South Washington Ave., according to public documents. The 3.71-acre property, which included a home built in 1918, was sold in May 2024 for $2.5 million, according to real estate records. The project includes parking, lighting, stormwater management and…

PSRS Arranges Bridge Loan for Self-Storage Facility Conversion in Los Angeles, CA

The borrower plans to convert a vacant 150,000-square-foot flex property in Los Angeles into a self-storage facility. PSRS has arranged a $38.2 million bridge loan to convert a vacant approximately 150,000-square-foot flex property in Los Angeles into a self-storage facility. Jonny Soleimani and George Gianoukakis of PSRS secured the financing for the undisclosed borrower. The financing included a $12.8 million cash-out refinance, fully funded construction costs and an 18-month interest reserve, providing the borrower with the capital needed for the successful repositioning of the asset. Source

Janus International Group’s Nokē Smart Entry Transformation Celebrated by Amazon Web Services at re:Invent

Janus International Group’s Nokē Smart Entry Transformation Celebrated by Amazon Web Services at re:Invent Janus Acknowledged by AWS for Significant Enhancements to the Nokē Platform Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading provider of cutting-edge smart access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, was acknowledged by Amazon Web Services (“AWS”) at the AWS re:Invent conference for successfully migrating its award-winning Nokē Smart Entry system to the AWS platform. Sanjay Khinvasara, EVP & Chief Engineering Officer of Nokē, was asked to present…

Talonvest Secures $14.4M in Financings for Two Self-Storage Properties in Thousand Oaks and Torrance, CA

Talonvest Capital, Inc. is proud to announce two recent closings for SoCal Self Storage. The first was a $7,200,000 non-recourse permanent loan for a self-storage facility located at 2550 Willow Lane in Thousand Oaks, California. The property spans 54,937 NRSF and features a total of 525 units. The property benefits from its prime location along the 101 Freeway, which sees over 170,000 vehicles per day. Concurrently, Talonvest negotiated a second loan on behalf of SoCal Self Storage for a facility encompassing 42,979 NRSF spanning 499 units and located in the…

Self Storage Market of the Month: Kettering, OH (10-min drive time)

StorTrack’s featured market this month is Kettering, OH. Kettering is one of the largest suburbs of Dayton. The city boasts a diverse local economy, supported by industries like healthcare, education, and manufacturing, with major employers including Kettering Health Network and Reynolds & Reynolds. How is Kettering as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment.   Self Storage Market Metrics for Kettering, OH (Within 10-Minute Drive Time) Current…

Q4 2024 Self-Storage Transactions: Trends & Regional Insights

A quarterly review of self-storage transaction activity across the U.S., highlighting key trends, regional insights, and investment shifts. This report is based on our self-storage investment trends and transaction volume analysis for Q4 2024. Q4 2024 Market Overview: Trends & Investment Highlights Amid shifting market dynamics and heightened economic uncertainty, self-storage investment remained a bright spot in Q4 2024, with buyers actively pursuing opportunities in key markets. StorTrack’s analysis uncovered 94 self-storage transactions closing last quarter1, totaling over $530 million in sales and spanning 4.5 million net rentable square feet…

White Label Storage Expands National Presence with Entry Into 6 New States in the US

White Label Storage, one of the fastest-growing third-party self-storage management companies, is expanding its national footprint with new properties under management in Tennessee, Oklahoma, Kansas, Georgia, Nevada, and Ohio. This growth reflects the company’s continued success in helping self-storage owners optimize performance and increase revenue across diverse markets. Tailored Solutions Driving Success Across Markets White Label Storage manages a variety of properties ranging from small 30-unit drive-up facilities to large Class A locations with over 1,500 units. Each market presents distinct challenges and opportunities, and White Label Storage’s flexible approach…

The Investor’s Guide To A 721 Exchange

REITs and UPREITs Real Estate Investment Trusts (REITs) are investment vehicles that own, operate, and manage a diversified portfolio of real estate assets. They offer public investors a way to participate in the real estate market without directly owning property. Most investors are familiar with REITs that are listed on the public market. Publicly-traded REITs are highly correlated with the stock market and are subject to market volatility. Umbrella Partnership REITs (UPREITs) are a variation of the REIT model structure that involves an operating partnership (the “Umbrella Partnership”) in which…