Author: Shinil Krishnan

New Self-Storage Facility Opens in Southeast Bend, Oregon

Project name: Logsden Street Self Storage Address: 710 SE Logsden St., Bend Developer and general contractor: Empire Construction & Development Architect: Steele Associates Architects, LLC Empire Construction & Development built a new 386-unit self-storage facility in Bend’s Larkspur neighborhood. The storage facility features 8-foot-by-8-foot and 10-foot-by-10-foot units, along with a self-service kiosk, security system, access monitoring, and interface login. Project manager Connor Stephenson wrote in an email that the goal of the Logsden Street storage is to provide privacy and convenience. Empire Construction & Development has built over 50 construction…

Centerbridge Partners and Reframe Holdings Announce Self-Storage Joint Venture to Target Properties Across the United States

Centerbridge Partners, L.P. (“Centerbridge”) and Reframe Holdings LLC (“Reframe”) today announced the formation of a programmatic joint venture. Including leverage, the venture will be positioned to aggregate and own over $500 million of self-storage facilities across the United States. The partnership will focus on acquiring existing Class A and institutional-quality Class B facilities in top metropolitan statistical areas (MSAs) nationwide, utilizing leading third-party property managers to oversee operations. The platform combines Centerbridge’s deep experience and track record in self-storage with Reframe’s principals’ experience in acquisitions, development, and management of self-storage…

Valuing a Self-Storage Facility: 4 Proven Methods Every Owner Should Know

Understanding the true value of a self-storage facility is essential whether you’re planning to sell, buy, refinance, or simply want to know where your investment stands. Unlike residential real estate, valuing commercial properties like storage facilities requires a deeper look at income, expenses, and market conditions. Here are four key methods that professionals use to determine the value of a self-storage facility. 1. The Income Approach The Income Approach is the most common and practical method for valuing self-storage facilities. It’s based on how much income the property generates compared…

Inland, Devon Complete Self-Storage Redevelopment in Fraser, Michigan

Inland Real Estate Investment Corporation and Devon Self Storage have completed construction of an approximate 85,330-square-foot Class-A self-storage facility located in Fraser, Michigan. Located at 31475 Utica Road in Fraser, approximately 15 miles northeast of downtown Detroit, the property formerly served as a light industrial facility originally built in 1975. The property now consists of a two-story climate-controlled building, along with various exterior non-climate-controlled buildings, offering a total of approximately 750 storage units, a 24-hour security system and a drive-in area providing access to the main interior storage area. “Surrounded…

5 Questions With…Janus International

Ready to unlock tax savings and add value to your self-storage facility before year-end? In this episode of 5 Questions With, we sit down with Blake Robinson, National Sales Manager for MASS units at Janus International, to dive into the financial benefits of facility upgrades—especially relocatable storage units—and how operators can take advantage of 2025 tax incentives before time runs out. Blake breaks down common mistakes, key questions to ask vendors, and how to avoid costly missteps. Whether you’re looking to boost revenue, reduce your tax liability, or simply get…

Beyond Occupancy: The 2 KPIs Every Operator Should Be Tracking

In self storage, performance isn’t just about occupancy. It’s about understanding how every marketing dollar, every sales call, and every rate adjustment contributes to long-term profitability. It’s standard to track asset-level metrics like occupancy, NOI, and cap rates. Those are vital for investors, but they don’t tell the whole story. The most successful operators utilize other KPIs, measuring customer-level performance metrics, specifically Lifetime Value (LTV) and Customer Acquisition Cost (CAC). Together, these KPIs form one of the most important ratios in modern self-storage management: LTV:CAC. Why LTV:CAC Matters in Self…

Middletown Self Storage to Celebrate Grand Opening of Valley Road Location in Middletown, Rhode Island

Middletown Self Storage will host a ribbon-cutting ceremony for its newest location at 101 Valley Road on Monday, Oct. 27, at noon. The event, held in partnership with the Newport Chamber of Commerce, will feature facility tours, light refreshments and giveaways. The company is offering first month free to all new customers who rent a unit on the day of the ribbon cutting, with the promotion applying to rentals with a minimum lease period across various unit sizes. “We are excited to continue our growth here on Aquidneck Island,” said…

Reasons Why Owners Sell Their Self-Storage Facilities

The self-storage industry continues to attract investors because of its stability and strong returns. But even the most successful facility owners eventually decide it’s time to sell. The reasons vary widely—from personal life changes to strategic investment decisions. If you’re a self-storage owner, understanding the common motivations behind selling can help you evaluate whether now might be the right time for you. Here are the top five reasons owners choose to sell their facilities. 1. Retirement or Lifestyle Changes One of the most common reasons for selling is retirement. After…

Recent Self-Storage Transactions: 10.15.2025 – 10.21.2025

Recent self-storage deals show that investors remain confident in the sector, especially in the South. A 21-property, multi-state portfolio sale spanning markets such as Houston, Austin, Atlanta, and Charlotte reflects ongoing optimism in a region that has seen heavy development and investment activity. Even as some areas show signs of oversaturation, strong population growth and solid demand forecasts continue to make these markets attractive. Meanwhile, a two-facility sale in suburban Minnesota highlights steady interest in smaller, stable assets with value-add potential. Overall, investors appear focused on balancing long-term growth opportunities…

City Council Approves Rezoning, Permit For Highway 65 Self-Storage Project in Blaine, Minnesota

At its Oct. 20 meeting, the Blaine City Council approved both a rezoning request and a conditional use permit for a proposed self-storage development at Central Avenue in the Community Commercial/Highway 65 Overlay district. The property owner, Farmers Insurance agent Scott Uram, requested the approvals for a three-story self-storage and retail facility. The rezoning from R-1 (Single-Family Residential) to B-2 (Community Commercial) passed 6–1, with Council Member Tom Newland voting no. The conditional use permit passed 5–2, with Newland and Council Member Jess Robertson opposed. Interim Community Development Director Sheila…