Category: Self Storage News

Leading Self Storage Investment Firm Prime Group Acquires Three Self Storage Portfolios Comprised of 30 Properties Across 10 States in the US

Prime Group Holdings, LLC (“Prime Group”), a vertically integrated private equity real estate firm based in Saratoga Springs, New York, announced the acquisition of 30 self-storage properties comprised of approximately 1.725 million rentable square feet across 10 states. The properties were acquired in three separate portfolio transactions that took place in a span of less than 90 days, all on behalf of the firm’s flagship investment vehicle, Prime Storage Fund III, LP. The acquisitions include: a 14-property portfolio consisting of roughly 800,000 rentable square feet of self-storage in the Hudson…

Storagely Partners with Calcumate to End Unit Size Errors and Confusion for Self Storage Customers

Storagely becomes the first to integrate Calcumate as a standard feature Storagely has become the first company in the world to choose to integrate Calcumate, the world’s leading 3D storage calculator (size guide), directly into its technology as a standard feature. From today, all customers on Storagely’s Professional and Enterprise packages will have access to Calcumate as a standard inclusion. Not only will Calcumate be included as standard, but it will be integrated deeply within the Storagely booking flow. The Calcumate functionality will be rolled out progressively to Storagely’s existing…

Andover Properties Announces Andover Storage Lending, a Program to Finance Self Storage Sponsors Nationally (USA)

Andover Properties is pleased to announce the launch of Andover Storage Lending, a program to originate non-recourse financing for self-storage sponsors nationally. Andover Storage Lending will provide bridge and construction financing for up to 90% of value without requiring third-party management or bank deposits. The program’s originated its first loan origination to Madison Capital | Go Store It to refinance a Class A self-storage facility located in Richmond, VA. Several other loans in negotiation are expected to close in Q2. Brian Cohen, President and CEO of Andover Properties, said, “Our…

Citizen Storage Management Takeover Two New Self-Storage Property to Expand into Cape May, NJ and Stevens, PA

Citizen Storage Management, an industry leader in third-party self-storage facility management, proudly announces the management takeover of two new properties located at 500 N Wildwood Blvd, Cape May Court House, NJ 08210, and 1802 N Reading Rd, Stevens, PA 17578. The New Jersey property was taken over on January 25, 2024, while the Pennsylvania property joined the Citizen Storage portfolio on May 8, 2024. Citizen Storage Management excels in transforming the self-storage business by implementing cutting-edge technology and advanced management tools. These innovations streamline daily operations, significantly enhancing efficiency and…

Devon Self Storage to Manage Six Properties in Five US States

Oak Brook, Ill.-based Devon Self Storage, a member of The Inland Real Estate Group of Cos. Inc., has been awarded the property management contract for six self-storage properties in Indiana, Colorado, Michigan, Nevada, and Louisiana totaling roughly 361,000 square feet. The assets include a 603-unit property in Fort Wayne, Indiana, a 487-unit property in Northglenn, Colorado, a 459-unit facility in Waterford, Michigan, a 387-unit facility in Las Vegas; and a 595-unit property in Baton Rouge, Louisiana. To date, Devon manages 119 properties for 12 owners across the U.S. The firm…

AW Properties Global and AuctionWorks Present UCC Foreclosure Sales of 100% Stock Interest to Self Storage Facility in Lake Ariel, PA

AW Properties Global and AuctionWorks, its auction division, announced a unique opportunity for investors to participate in the UCC Foreclosure sales of two East Coast properties. These upcoming sales offer a chance to acquire 100% stock interest in the LLC or corporation holding title to the real property with exceptional potential upside. The stock interest in the limited liability company holding title to Nepa Storage Solutions, LLC offers full equity interest in a self-storage facility located at 537 Stock Farm Road in Lake Ariel, PA. The stock interest in the…