Category: Self Storage News

Following New Partnership, West Coast Self-Storage Manages Nova Storage Facility in Adelanto, CA

A well-known self-storage facility in Adelanto is now under new management following a strategic partnership between Nova Storage and West Coast Self-Storage, the companies announced this week. The Adelanto location, along with nine other Nova Storage sites across Southern California, will now be managed by West Coast Self-Storage, a major self-storage operator based in Everett, Washington. The change is expected to bring enhanced services and operational upgrades while keeping the local team and customer-friendly focus intact. “This partnership represents an exciting new chapter,” said Felicia Thomas Orozco, District Manager for…

New Storage Facilities Under StorageMart and Manhattan Mini Storage Third Party Management in Q1 2025

StorageMart and Manhattan Mini Storage Third Party Management continue to be a growing presence in the self storage industry with the onboarding of several facilities in Q1 2025. These additions further extend the footprint of Manhattan Mini Storage in New York City and introduce StorageMart to Connecticut, offering enhanced convenience and accessibility for customers in these new and expanding markets. The 78 Walker St facility in Tribeca is a newly built location featuring over 500 units and 30,543 net rentable square feet. Opening in early February 2025, this facility is…

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,…

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…