Category: Self Storage News

SmartStop Self Storage Expands Digital Capabilities With Mobile App Rollout Across All Locations in the US

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, is pleased to announce that its SmartStop Self Storage Mobile App is officially available at all 220 locations across the United States and Canada. After a successful phased rollout, the SmartStop Self Storage mobile app is now accessible to all SmartStop customers. It offers an enhanced, tech-forward experience that puts control at their fingertips. The SmartStop mobile app is a…

Colliers Launches Stockhausen & Hernandez Self-Storage Team to Facilitate Self-storage Investment Sales Across the Mid-Atlantic region in the US

Colliers is excited to announce that Rob Stockhausen, CCIM, and Albert Hernandez, CCIM, have launched a Self-Storage Team, leveraging their combined experience to deliver superior results for self-storage investment clients. The focus of the Stockhausen-Hernandez Self-Storage Team will be facilitating self-storage investment sales across the Mid-Atlantic region by leveraging extensive market knowledge, transaction experience, and the Colliers global platform. Their services will encompass strategic asset valuation, in-depth market analysis, transaction advisory, as well as marketing and exposure. Stockhausen & Hernandez will represent both buyers and sellers, and their expertise spans…

8G Storage Management, LLC Proposes a New Self-Storage Facility in Bethel, NY

A proposal for a self-storage facility by 8G Storage Management, LLC, at the intersection of NYS Rte 17B and Pine Grove Road in Bethel was the topic of a public hearing held at the Bethel Planning Board meeting Monday, April 7. The 3.08 acre, three-lot site will consist of six 3,600 square foot structures accessible by a paved entrance onto Pine Grove Road, if approved. The Planning board took no action last Monday, but will resume the public hearing on July 7, allowing the Planning Board time to review all…

SmartStop Self Storage REIT, A Premier Owner And Operator Of Self Storage Facilities in the United States and Canada, Announces Pricing of Underwritten Public Offering

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), an internally-managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced today the pricing of its public offering of 27,000,000 shares of common stock at a price to the public of $30.00 per share. SmartStop has granted the underwriters a 30-day option to purchase up to an additional 4,050,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. Shares of SmartStop’s common stock are…

Extra Space Storage Celebrates 4,000 Stores Milestone in the United States

Extra Space Storage, Inc., (NYSE:EXR) the largest operator of self storage properties in the U.S., announced a significant milestone for the company as they celebrate reaching over 4,000 stores nationwide. Extra Space has more than doubled its store count since 2021. “This achievement is a testament to the company’s steady growth and resiliency of the self storage sector,” said Joe Margolis, CEO. “Reaching 4,000 stores isn’t just about the number – it’s about the people who made this growth happen. Our team’s focus on sustainable, strategic, and accretive growth ensures…

StoreEase Unveils Ease.AI and Next-Generation Virtual Counter to Revolutionize Self-Storage Operations

StoreEase®, the leader in Virtual Technology solutions, proudly announces the launch of Ease.AITM, its groundbreaking artificial intelligence platform designed to revolutionize operational efficiency and customer service in the self-storage industry. This AI software seamlessly manages both office and call center interactions, ensuring an always-available, frictionless experience that enhances efficiency and customer satisfaction. Alongside this innovation, StoreEase is introducing its new, more cost-efficient Virtual Counter® powered by Ease.AI, delivering an unparalleled combination of automation, personalization, and cost savings for self-storage operators. Ease.AI: Powering the Future of Self Storage Ease.AI is designed…

Boardwalk Development Group Receives Certificate of Occupancy for New Self Storage Facility in McDonough, GA

Boardwalk Development Group (BDG) announces the receipt of a Certificate of Occupancy for its latest self-storage development, Boardwalk Storage – Westridge, LLC, located at 275 Westridge Parkway in McDonough, Georgia. This state-of-the-art facility features 86,550 net rentable square feet of Class A bi-level climate-controlled storage, comprising 527 units designed to meet the growing storage needs of residents and businesses in McDonough and surrounding communities. Strategically located for easy access, Boardwalk Storage – Westridge provides a premium solution for those seeking secure, high-quality self-storage options in the area. “The development of…

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…

Absolute Storage Management Celebrates Milestone: Now Managing Over 150 Properties Across United States

Absolute Storage Management (Absolute) proudly announces a significant milestone as the company now manages over 150 self-storage properties across the southeastern and midwestern United States. This achievement underscores Absolute’s commitment to excellence and its sustained growth within the industry. Founded in 2002 by three partners who met while working together at Storage USA, Absolute has steadily expanded its footprint while maintaining its dedication to providing unparalleled service. Notably, Absolute proudly manages 5 of its first 10 properties which date back over 20 years—a testament to the strength and longevity of…

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…