Author: Shinil Krishnan

New Self-Storage Facility Opens in Ferguson Township, Pennsylvania

One of several new self-storage facilities planned around the State College area recently opened its doors. Brickwork Self Storage, 222 Science Park Road in Ferguson Township, offers 560 climate-controlled units in a various sizes, from compact 5-by-5 units to large 10-by-31 units, as well as drive-up units with power access. Developed by Roeshot Construction of State College and managed by Storage Asset Management, the three-story, 72,000-square-foot facility utilizes keypad entry, 24/7 recording security cameras, on-site management and a smart entry system that allows renters to open their storage units with…

The Hidden Downsides of First-Month Free Promos

First-month free promotions are everywhere in the self storage industry. From nation-wide storage companies to independent operators, facilities rely on this promotion strategy to fill units fast. And for good reason—the words “first month free” catch attention, drive clicks, and get new customers in the door. In the short term, it works. But is it really worth it in the long run? That’s where things get complicated. While first-month free (FMF) promos can be a powerful customer acquisition tool, they come with hidden costs that can chip away at your…

Affinius Capital Provides Refinancing Loan For Self-Storage Portfolio in New York City

Affinius Capital has provided a $120 million loan for the refinancing of the Prime NYC Self-Storage Portfolio, a collection of three self-storage facilities totaling 7,230 units in New York City. The names and addresses of the properties, which exclusively offer climate-controlled space, were not disclosed, but the locations span Brooklyn, Queens and The Bronx. Drew Anderman of CBRE arranged the loan through Affinius Capital on behalf of the owner, Prime Group Holdings. Miami-based lender 3650 Capital provided an undisclosed amount of junior mezzanine financing for the deal. Source

NexPoint Fully Subscribes $45 Million Self-Storage DST

NexPoint, a multibillion-dollar alternative investment firm, today announced that it has fully subscribed its NexPoint Storage VI DST, a Delaware Statutory Trust (“DST”) offering. The offering has reached its total goal of $45 million in equity raised since its launch in January. NexPoint Storage VI includes two GenerationV (“GenV”), Class-A storage facilities located in Temple Hills, Maryland, and Nashville, Tennessee. Both properties are managed by Extra Space Storage, a leading third-party manager of self-storage properties in the United States. The properties benefit from being accessible to stable-growth metropolitan statistical areas.…

Recent Self-Storage Transactions: 09.17.2025 – 09.23.2025

Recent self-storage transactions show continued investor interest in the sector, with activity spanning a variety of markets and asset types. Deals include stabilized properties, development sites, and portfolio acquisitions, reflecting strategies to expand market presence, increase operational scale, and position for long-term growth. Demand remains steady, supported by consistent occupancy levels and opportunities to enhance revenue through improved management and pricing strategies.     Property: Up North Storage Center Location: Park Rapids, Minnesota Closing Deal: $880,000 Brokers and Brokerage: Matt Haugen, Alex Ihrke, Nathan Gottlieb, and Tom Flannigan of Argus…

Common Pitfalls in DIY Facility Management And How to Fix Them

At first glance, managing a self-storage facility looks easy. Four walls, roll-up doors, and some locks, what could go wrong? Plenty. We’ve brokered countless deals and seen too many promising properties underperform, not because of bad locations but because of avoidable management mistakes. Here are the most common pitfalls in DIY self-storage management and how to fix them before they drain your NOI. 1. Static Pricing The Pitfall: Setting rental rates once and forgetting them. Meanwhile, demand shifts, competitors adjust, and your revenue falls behind. The Fix: Think like airlines.…

Featured Broker: Harrison Cohen

Harrison Cohen is an Associate with Colliers, focusing exclusively on the self-storage sector. He represents both buyers and sellers in the acquisition and disposition of facilities across the United States, working with private owners, regional operators, and institutional groups. Harrison has been directly involved in transactions totaling millions of dollars and is recognized for combining detailed market knowledge with a practical, client-first approach. By building strong relationships and tailoring strategies to each assignment, he helps clients navigate complex deals and achieve successful outcomes. Contact: Harrison Cohen Associate | Colliers Self…

Spartan Investment Group Completes Self-Storage Facility in Oak Harbor, Washington

Spartan Investment Group, along with its in-house development team Spartan Construction Management, has completed FreeUp Storage Oak Harbor, a ground-up self-storage project at 33650 State Route 20 in Oak Harbor. The 78,920-square-foot facility offers 583 units across eight buildings. FreeUp Storage, Spartan’s owned and operated brand of self-storage facilities, will manage the property. Source

Porterville Storage Expands: Provides Self, Boat, RV Storage in Porterville, California

Porterville Storage has opened the doors to its brand-new facility, bringing with it not only expanded storage options but also a customer-first philosophy that it says sets it apart in the industry. Now located at 310 W. Gibbons Ave, the new property offers more space, upgraded amenities. For Gerri Perez, Marie Affoon and their team, storage is more than just a business, it’s about helping people at important moments in their lives. “Most of the time, when people need storage, it’s not because they want it, it’s because they have…

Storelocal Storage of Concord Celebrates Grand Opening of New State-of-the-Art Storage Facility

Storelocal is proud to announce the grand opening of its newest facility, Storelocal Storage Concord, located at 4900 Marsh Drive, Concord, CA, 94520. This brand-new property offers the Concord, CA, community a modern, secure, and convenient solution for all their storage needs. Designed with today’s customers in mind, the new facility showcases a clean, contemporary design and the latest in storage technology. Visitors will find wide drive aisles, bright lighting, and user-friendly access features that make moving in and out simple and stress-free. Modern Features for Every Storage Need Storelocal…