Category: Self Storage News

Hernandez Development & XSITE Real Estate have successfully closed on a 6-acre parcel of land in Deer Park, Illinois, for a future Class A self-storage facility. The acquisition price for the site was $2,000,000. Deer Park will be the fourth self-storage property in Hernandez Development’s portfolio within the Chicago MSA, joining two operational facilities in Oswego and Bolingbrook, as well as a self-storage project currently under construction in Carol Stream. Key Highlights: Location: 6-acre parcel adjacent to Deer Park Town Center and across from Kildeer Marketplace on Rand Road/U.S. 12,…

StoreEase and Reliant (Midgard Self Storage) are excited to announce the renewal and continued expansion of their partnership, extending their implementation of StoreEase’s Virtual Technology solution for an additional two years. The renewed commitment follows the success of the initial rollout and has expanded to 97 stores. Reliant’s hybrid operational model leverages StoreEase’s proprietary hardware and software to empower Virtual Managers® to the entire Midgard portfolio and properties of all sizes. Todd Allen, Managing Principal for Reliant, expressed his enthusiasm for the partnership renewal, stating, “We are excited about the…

Founding member Hans Hardisty, CCIM, MBA welcomes national directors Nicholas J. Malagisi, SIOR and Connie Neville, JD to the executive team.” National Storage Partners is thrilled to announce the launch of its new brand and the formation of an exceptional leadership team dedicated to providing unparalleled brokerage and consulting services in the self-storage industry. Founding member Hans Hardisty, welcomes national directors Nicholas J. Malagisi, SIOR and Connie Neville, JD to the executive team. Each of these industry leaders brings a wealth of experience, positioning National Storage Partners as a premier…

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, is pleased to announce the acquisition of two premier Class A storage facilities in the New York Metro region. The first facility, located at 1204 Broad St. in Clifton, New Jersey, encompasses approximately 116,100 net rentable square feet. Boasting a traffic count of approximately 158,800 vehicles daily from State Highway 3 and Broad Street, this prime location is conveniently situated across from a well-established retail store. The property features a three-story building with a…

NexPoint, a multibillion-dollar alternative investment firm, today announced the launch of NexPoint Storage VI DST, a Delaware Statutory Trust (“DST”) offering, which includes two Generation-V (“GenV”), Class-A storage facilities in the Nashville and Washington-Arlington-Alexandria (“Washington DC MSA”) metropolitan statistical areas (“MSAs”). The two GenV storage facilities, located in Temple Hills, Maryland, and Nashville, Tennessee, will be managed by Extra Space Storage, an industry-leading owner and operator of self-storage properties. NexPoint believes both regions present attractive long-term investment opportunities given the favorable demographic qualities. The $45 million offering qualifies for 1031…

StoragePRO Management®, Inc., “StoragePRO®, the nation’s leading independent third-party property management company specializing in self-storage, has announced that on January 1, 2025, it will acquire New York-based boutique storage management company Storage Investment Management, Inc. (SIMI). This acquisition is a testament to StoragePRO’s commitment to expanding its national management footprint. The acquisition of the SIMI portfolio of 20 managed properties adds 1 million square feet and over 8,700 units to the StoragePRO Management portfolio, bringing their total managed assets to over $2 billion. This growth into twenty new cities and…