National Storage Affiliates Trust Announces the Appointment of Will Cowan as Executive Vice President and Chief Strategy Officer

On behalf of the entire Company, we are excited to announce the appointment of Will as Chief Strategy Officer for NSA. Will’s significant experience in real estate investment banking, including advisory and capital markets transactions, will benefit NSA as we seek to enhance our growth initiatives and capital markets strategy going forward.” – Dave Cramer, President and Chief Executive Officer – NSA National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA), announced the appointment of Will Cowan as the Company’s Executive Vice President and Chief Strategy Officer. Mr. Cowan…

Noah’s Ark Storage Opens New Location in Bronston, Kentucky

To celebrate the grand opening, Noah’s Ark Storage offers exclusive discounts and promotions for new customers at the Bronston location. Interested individuals are encouraged to visit the facility or contact the friendly staff to learn more about these limited-time offers.” Noah’s Ark Storage, a trusted name in self-storage solutions, is thrilled to announce the grand opening of its latest facility in Bronston, Kentucky. Conveniently located at 2266 KY-90 Bronston, KY 42518, this state-of-the-art storage facility offers residents and businesses in the Bronston area access to premium storage options designed to…

Titan Self Storage in Centralia Starts New Partnership With U-Haul

U-Haul recently announced it has entered into a new partnership with Titan Self Storage in Centralia, which will allow the storage business to offer U-Haul trucks, trailers, towing equipment and other rental equipment, according to a news release. U-Haul rentals for customers are available now. Titan Self Storage is located at 307 Reynolds Ave. in Centralia. Since 1945, U-Haul has been teaming up with independent dealers and businesses to offer rental moving equipment. “During these challenging times for small businesses, more than 21,000 dealers across the U.S. and Canada are…

Recent Transactions: 7.05.2023 – 7.10.2023

Property: Windermere Storage Location: Orlando, FL Closing Deal: $23.1 Million Buyer: Wentworth Properties Seller: Schrimsher Properties Square Feet: 89,145 Unit Count: 609 climate-controlled units + 351 parking spaces Office Building: 2,000 square feet   Property: Cooper Street Plaza Retail Center (For Self Storage Development) Location: Arlington, TX Seller: Silver Star Properties REIT, Inc. Square Feet: 127,696 Occupancy: 90%   Property: Farmington Self Storage Location: Farmington, NH Year Built: 1995 Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett R. Hatcher, Thomas Shihadeh and Gabriel Coe of The Hatcher and Coe Group…

RV and Boat Storage Trends 2023 – David Perlleshi, Franklin Street

As recreational vehicles (RVs) and boats continue to surge in popularity, the need for adequate storage solutions has become increasingly important. Whether it is the allure of the open road or the call of the open water, enthusiasts are seeking convenient and secure options to store their beloved vehicles when they are not in use. In this article, we will explore the latest trends in RV and boat storage in 2023, highlighting the innovative solutions and emerging practices that are reshaping the industry. 1. Rise of Dedicated Storage Facilities: One…

Wind-Load Rated Doors Help Coastal Facilities Weather Hurricane Season

When it comes to selecting your facility’s roll-up doors, accounting for wind pressure based on geographic location is important. How wind resistant your roll-up doors need to be will depend on your geographic location, as many locations have specific codes requiring their doors to withstand a minimum amount of pressure. Coastal properties are far too familiar with preparing for hurricanes and tropical depressions. As a result, states in coastal regions tend to have more stringent requirements. When strong enough, storm winds can generate major uplift indicating a significant increase in…

Huge New Storage Facility Gets Closer to Completion in Toms River, New Jersey

  If you have been driving down Route 37 in Toms River you have seen several new construction projects. One of which is rather large and will be the future home of “Public Storage” a new storage facility under construction in Toms River. According to their website “Since opening our first self-storage facility in 1972, we’ve grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real…

StorageMart Expands Idaho Presence with the Addition of Two Managed Facilities in Caldwell

International self-storage company adds more than 131,000 square feet of storage to Idaho footprint. StorageMart, the largest privately-owned self-storage company, announced its latest expansion into Caldwell, Idaho. The two storage facilities provide a combined net rentable square footage of 131,686 and an impressive 826 storage units, which include standard storage, drive-up storage, and vehicle parking options. “We are thrilled to announce the grand opening of third-party managed locations in Caldwell,” said Adam Steckler, President of truStorage, the company’s third-party property management operation. “This expansion reflects our dedication to providing top-notch…

MV Investment Breaks Ground on Second Self Storage Facility in Fayetteville

MV Investment has broken ground on its second self storage development in Fayetteville, North Carolina. Construction began in June on a Class A climate-controlled self-storage (CCSS) facility at 4247 Ramsey Street. The 107,000-gross-square-foot facility will house 800 units ranging in size from 5 x 5 to 10 x 30. Located on a high-traffic artery close to Fort Bragg, the development offers a foothold in what is considered by MV Investments to be a” high-growth corridor” that is experiencing a boom in housing construction. The two-acre site sits between a Wal-Mart…

After Raising $230 Million, SROA Capital to Expand Loan Program for Self Storage

SROA Capital is hoping to fill some of the lending void as cautious banks pull back from self-storage and other loan deals across the country. In early June, SROA Capital, the private-equity owner and operator of nearly 400 self-storage facilities in the U.S., announced it had completed the first closing of its ninth flagship fund, securing $230 million of capital commitments for its target of $750 million for SROA Capital Fund IX. The West Palm Beach, Florida-based firm also announced that it planned to expand its bridge financing program, with…