Category: Sponsored

Presentation on SBA SOP Changes: When the Applicant owns more than 50% of another business, the Applicant and the other business are affiliated. Does a business that owns more than 50% of the applicant also own more than 50% of another business that operates in the same 3-digit NAICS subsector as the applicant? Only when no business or individual owns more than 50% of the applicant do we look at owners that own 20% or more of the Applicant. Only when no business or individual owns more than 50% of…

This fully stabilized facility located at 7014 Gunn Highway, in Tampa, FL boasts an impressive 100,000 gross square feet or 74,500 net rentable square feet and features 789 climate-controlled units.” The Sixth Safeguard Location in Southwest Florida Opens May 12th Safeguard Self Storage is delighted to formally announce their latest acquisition of “Citrus Park” in Tampa, FL. The company was able to seize this A+ facility, off-market, within 45 days of contract signing. Safeguard’s acquisition of Citrus Park will mark its sixth operating asset in the Tampa MSA, while an…

The millennial generation is now the largest consumer group in the United States.” According to estimates, Gen Z and millennial consumers are almost twice as likely as GenX and boomer consumers to express an intention to purchase a boat or recreational vehicle. In 2021, the Boat and RV industry trade group reported that over half of all boat and RV buyers were younger than 55 years old, and more than one-fifth were between 18 and 34 years old. Millennials are expected to remain the largest consumer group for boats and…

Local acquisition of Absolute Storage is bringing professional self storage management to the city of Aiken. The facility is located at 1504 Silver Bluff Road Aiken, SC 29803. This facility is comprised of 349 units totaling 46,775 rentable square feet, providing safe and secure climate-controlled unit options to the local communities of New Ellenton, Aiken, and Augusta. The ownership group has contracted with Absolute Storage Management (Absolute) to provide professional self storage management services and the facility is officially under Absolute’s management as of 4/19/2023. If you would like to…

NexPoint Storage Partners, Inc. acquired the assets for inclusion in NexPoint Storage IV DST, which aims to raise $70.3 million. The assets are managed by Extra Space Storage and offer revenue and value growth potential in two of Arizona and Florida’s MSAs.” NexPoint Storage IV comprises three GenV assets in Arizona and Florida MSAs with population growth potential. NexPoint, a multibillion-dollar alternative investment firm, today announced the launch of NexPoint Storage IV DST, a Delaware statutory trust (“DST”) offering comprised of three Class A, GenerationV (“GenV”) assets in submarkets with…

Liberty Investment Properties has partnered with the StoreEase Virtual Management platform to improve revenue by employing a proprietary and proven virtual management model while significantly reducing costs.” Liberty Investment Properties, a leading real estate investment firm, has raised over $43 million in equity for its Liberty Storage Fund II. This funding will be utilized to purchase self-storage facilities in the Southeast region of the United States. With a diverse portfolio totaling over $1 billion in assets, Liberty Investment Properties has consistently provided outstanding yields to its private investors while simultaneously…

Local acquisition of Jane Self Storage is bringing professional self-storage management to the city of Jane. The facility is located at 41 Missouri Lane Jane, MO 64856. This facility is comprised of 277 units totaling 60,955 rentable square feet, providing safe and secure climate-controlled, non-climate, and parking unit options to the local communities of Bella Vista, Pineville, and Bentonville. The ownership group has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services and the facility is officially under Absolute’s management as of 3/27/2023. If you would like…

The SBOA will be at the ISS World Expo April 11-14 in Las Vegas. Be sure to stop by booth #357, say hello, and spin the prize wheel! See all our upcoming events here: https://thesboa.com/upcoming-events/   Featured Listing from List Self Storage: Brunswick Climate Controlled Storage_125 Scranton Connector_Traditional Site_Brunswick, GA