Recent Transactions 10.04.2022 to 10.10.2022

Property: Rock Hill, Class A, C/O Property Location: Rock Hill, SC (Charlotte, NC MSA) Brokers and Brokerage: Gabriel Coe, Nathan Coe, Benjamin Yelm and Brett Hatcher from the Hatcher-Coe Group of Marcus Millichap Units: 763 Climate-controlled units and 48 non climate-controlled Property: Gem City Storage Location: Dayton, OH Broker and Brokerage: Kirk Martin of Lindsey Self Storage Group NRSF: 14,211 Buyer: Scott Street Group LLC Property: Extra Garage Location: Sarasota, FL Brokers and Brokerage: Kyle Baptist, Richard Riddle, Scott Schoettlin and Bryce Josepher of Sky View Advisors NRSF: 88,565 Units:…

Newmark Facilitates $170 Million Financing for Centerbridge Partners and Merit Hill Capital’s Self Storage Portfolio

Newmark Group, Inc. (Nasdaq: NMRK) (Newmark) has arranged the $170 million financing of a 33-asset, 1.8 million-square-foot national self storage portfolio on behalf of Centerbridge Partners and Merit Hill Capital. The portfolio is well-leased and located in strong primary markets and submarkets across 16 states. The properties are third-party managed by a combination of CubeSmart and Extra Space, broadly considered among the top operators in the self storage sector. Merit Hill Capital’s ability to source deals locally and bring them to institutional standards speaks to their deep knowledge of local…

How Cloud Computing Differs from On-Premise Technology

Historically, on-premise technology — software installed on servers owned by the company and located behind the company’s firewall — was the only way to access advanced programs and systems. The organization purchased a license or copy of the software and then manually updated the software when the provider released new versions. Another option for hosting critical programs involves using cloud computing technology. Cloud technology allows companies to host programs offsite through a third-party application. Although this difference may seem insignificant, utilizing a cloud-based solution has advantages over its on-premise counterpart.…

Growth Momentum for JLL’s Valuation Advisory Group Continues

JLL’s Valuation Advisory group announced today that it has expanded its team in Seattle, Washington, with five new hires: Aaron DeCollibus, MAI, Executive Vice President; Keith Lee, MAI, Executive Vice President; Andrew Chapman, Senior Vice President, Derek Mason, MAI, Senior Vice President and Jimmy Ryerson, Associate. The Seattle team will be responsible for driving growth, enhancing the customer experience and providing value to clients in the Pacific Northwest and the entire West Coast region across several in-demand property types including multi-housing, industrial, manufacturing housing, self storage and office. “One of…

RVParkIQ.com Introduces Listing and Data Platform to Serve RV Park and Campground Investment Community

RVParkIQ.com, the premier platform for listing and evaluating RV park and campground investment opportunities, has officially launched with 214 listings and market data on more than 11,100 properties to serve the growing RV park and campground property acquisition community in the US. RVParkIQ.com will be a part of Aggregate Intelligence’s market data division along with List Self Storage (ListSelfStorage.com), which connects buyers and sellers of self storage facilities, development land and conversion opportunities, and StorTrack, the world’s leading self storage market data provider. The RVParkIQ.com platform will offer investors access…

List Self Storage Expands to United Kingdom

List Self Storage (ListSelfStorage.com; “List”), the premier online platform for connecting buyers and sellers of self storage facilities, development land and conversion opportunities, has launched ListSelfStorage.co.uk to serve the growing property acquisition community in England, Scotland, Wales and Northern Ireland. List Self Storage is a product of StorTrack, the world’s leading self storage data provider. “The growth in demand in the UK is fueling increased investment and development in self storage, just as it continues to do in the US and elsewhere. List has proven success in connecting buyers and…