Author: Shinil Krishnan

Nuveen Real Estate Announces $150 Million Allocation from CalSTRS to Invest in Self-Storage Sector in the US

Nuveen, the investment manager of TIAA and one of the largest real estate managers in the world with $141 billion in real estate assets under management, has announced the closing of a separately managed account for the California State Teachers’ Retirement System (CalSTRS) to invest in self-storage assets across the United States. This strategic collaboration includes an initial equity commitment of $150 million from CalSTRS, alongside a 10% equity commitment of $16.6 million from the TIAA General Account for a total allocation of $166.6 million. The strategy will focus on…

Plan Approved to Add Self-Storage Business, Coffee Shop and Laundromat Near Enon, OH

Clark County Commissioners approved rezoning last week to allow changes to a strip of businesses in Mad River Twp. just southwest of Enon. During a public hearing at the April 16 meeting, commissioners approved the rezoning of 1.46 acres from B-3 (general business) to B-4 (heavy business) for 6821-6847 Dayton-Springfield Road to allow a climate-controlled, indoor, self-storage facility, in addition to the existing restaurant and proposed laundromat and coffee shop. Commissioners approved the request from Josh and Maria Homes LLC by a 3-0 vote. The current space houses a restaurant…

Self-Storage Units Planned for Lot Near Lewiston High School in Lewiston, ME

Axess Self Storage is adding another location in the Lewiston-Clarkston Valley, with new storage units expected to open in fall Storage units are starting to take shape on a prominent lot near Lewiston High School. Expected to be complete in late September or early October, the 609 units in 12 buildings will have a total of 104,000 square feet of storage, said Cody Merrell, owner of Axess Self Storage, based in Moscow. The Axess Self Storage units and an office for them are being built at 1125 Warner Ave., just…

Recent Self-Storage Transactions: 04.15.2025 – 04.21.2025

The self-storage transactions from April 15-21, 2025, reflect a mix of investment strategies shaped by regional growth and evolving consumer needs. From high-demand suburban hubs like Westland, MI and Carrollton, TX, to emerging secondary markets like Clovis, NM, buyers pursued assets offering a balance of scale, expansion potential, and revenue upside through operational efficiencies. Some acquisitions aimed to strengthen local market presence, while others focused on facilities with diversified unit mixes and long-term growth potential. Collectively, the deals highlight sustained investor interest in well-positioned, adaptable assets across both established and…

Featured Broker: Taylor Cahn

As a Co-Founder of Storage Exchange, Taylor plays an integral role in the development of the company’s sales platform and serves as the Vice President of Investment Sales. He effectively leads a team dedicated to providing strategic investment visibility and achieving optimal sales prices for clients. Backed by a decade of specialized experience within the self-storage industry, Taylor prides himself on offering relationship-based client services relevant to acquisitions, operations, industry market conditions, and economic trends. His career highlights include the successful closing of over $175 million in self-storage transactions. Taylor…

Carefree Covered RV Storage To Celebrate 7th Location Grand Opening in Surprise, AZ

Carefree Covered RV Storage announced its inaugural celebration in the city of Surprise on June 9. The event will take place at 18415 W. Deer Valley Road, from 11 am to 1 p.m., and is open to the public. The company said this special occasion celebrates Carefree’s journey in offering covered RV storage to the local community of Surprise, the company’s first location in the northwestern Phoenix metropolitan area. The Surprise facility marks Carefree Covered RV’s seventh location in the company’s portfolio across Arizona and Texas. The 14-acre project offers…

Storage Solutions Appleway Announces Grand Opening of Self-Storage Facility in Spokane Valley, WA

Storage Solutions invites the Spokane Valley community to celebrate the grand opening of its newest state-of-the-art facility, Storage Solutions Appleway. The celebration will take place on Thursday, May 1, from 2:00 PM to 5:00 PM at the facility, located at 19311 E Appleway Ave., Spokane Valley, WA 99016. A formal ribbon-cutting ceremony will be held at 3:00 PM. Attendees will enjoy an afternoon filled with lively events, complimentary food and drinks provided by Mangia Catering and Liberty Sips, and opportunities to win prizes in a raffle drawing. Exclusive grand opening…

RecNation Strengthens Vehicle and Fleet Storage Presence Across Key U.S. Markets

The expansion aims to meet rising demand for RV, boat, truck parking, fleet, and industrial outdoor storage (IOS) services in states including Florida, Texas, California, and others. RecNation, a provider of specialized vehicle storage solutions, is expanding its footprint across key U.S. markets to better serve the growing need for secure storage of RVs, boats, trucks, trailers, fleet equipment, commercial vehicles, and contractor equipment. The company currently operates facilities in strategic locations including Florida, Texas, California, South Carolina, Missouri, Arizona, Tennessee, and Kansas. Demand for dedicated vehicle storage has surged,…

JLL Arranges $14.88 Million Construction Loan for a New Class A Self-Storage Development Facility in Montvale, NJ

JLL Capital Markets announced today that it has arranged a $14.88 million construction loan for the development of a new Class A self-storage development in Montvale, Bergen County, New Jersey. JLL worked on behalf of the borrower, a strategic venture between Claremont Development, March Development and Battery Global Advisors, to secure the 42-month, floating-rate loan with extension options through Fulton Bank. Located at 21 Phillips Parkway, the property is currently improved with an 18,500-square-foot medical office building that will be demolished to develop the 129,889-square-foot, three-story building. The property will…

Self-Storage Facility Approved on Union Avenue in New Windsor, NY

A proposed three-story, 87,000-square-foot self-storage facility on Union Avenue received conditional final approval from the New Windsor Planning Board on April 9. The project, proposed by Unit 3 LLC, is located at 857 Union Ave. on a four-acre parcel in the highway commercial zone — the site of the former USA Granite facility. Plans include an office, 21 parking spaces and a loading bay. The use is permitted by right as a mini-warehouse. Project engineer Reuben Buck of Engineering and Surveying Properties said the plan has received conceptual approval from…