Author: Shinil Krishnan

NexPoint Storage Partners Acquires SAFStor to Expand Self Storage Portfolio

NexPoint Storage Partners, Inc., a self storage platform affiliated with NexPoint Advisors, today announced that it became the sole owner of 29 new, well-located and high-quality self storage properties developed by SAFStor. The acquisition brings NexPoint Storage to a total asset value of approximately $1.7 billion with 71 wholly owned and operating properties and one additional property expected to open in February 2023. The SAFStor acquisition continues the strong execution of our strategy to own the newest and highest quality self storage portfolio in the United States and provides us…

Public Storage Reopens High-Tech Facility in Silicon Valley

Public Storage recently reopened its facility adjacent to offices of Apple Inc in Cupertino, CA after completing an expansion and major high-tech upgrades. The facility at 20565 Valley Green Drive, now has two five-level buildings and grew from 51,000 square feet to 195,000 square feet. The number of units has jumped from 585 to 2,593. The facility offers contactless app-enabled digital property access and account management. The remodeled facility is now able to achieve LEED Silver status with the addition of sustainable features such as solar panels and LED lighting.…

Recent Transactions: 12.13.2022 – 12.19.2022

Property: Tiger Town Storage Location: Opelika, AL Broker and Brokerage: Kris Knowles of Midcoast Properties, Inc NRSF: 51,975 Acreage: 5.8 Unit Count: 327 Highlights: Standard drive-up and climate-controlled units 24- hour digital surveillance Fencing and electronic keypad gate access U-Haul truck rentals Property: Newly Constructed Self Storage Facility Location: New Rochelle, NY Brokers and Brokerage: Dustin Stolly and Jordan Roeschlaub of Newmark Buyer: Maya Capital Partners and Artemis Real Estate Partners NRSF: 96,693 Unit Count: 1,120 Property: Pines West Storage Center Closing Price: $17 Million Location: Pembroke Pines, FL Buyer:…