Category: Self Storage News

Carefree Covered RV Storage Expands Footprint in Wylie, Texas

Carefree Covered RV Storage, a division of Business Property Trust, proudly announces the acquisition of Wylie Boat & RV Storage, located at 3855 Osage Lane in Wylie, Texas, effective July 31, 2025. The 10-acre facility features a mix of 228 enclosed and uncovered storage spaces, complementing Carefree’s commitment to offering a variety of secure, convenient storage options for RV and boat owners. Following the acquisition, Carefree will invest in site improvements including fresh paint, updated signage, and enhanced security features. The new location will be managed from Carefree’s established St.…

CrownPoint and Lamar Co. Opens New Self-Storage Facility in Newark, New Jersey

CrownPoint Group and the Lamar Cos. have completed a new self-storage facility in Newark, delivering more than 1,200 units to the city’s bustling Ironbound section. The joint venture said the property, located at 305 Wilson Ave., provides more than 135,000 square feet of climate-controlled space to the state’s largest employment center and to a neighborhood that reportedly drives some 40 percent of Newark’s economy. Leasing is underway at the six-story complex, which CrownPoint and Lamar billed as the Ironbound’s first institutional-quality self-storage project. “Our investment strategy in developing storage is…

StorageMart and Manhattan Mini Storage Onboard 31 Facilities Through Third Party Management in Q2 2025

In Q2 2025, StorageMart and Manhattan Mini Storage significantly expanded their Third-Party Management portfolio with the onboarding of 31 storage facilities across the United States. This strategic growth adds more than 2.4 million net rentable square feet and over 25,000 storage units to the third-party management footprint, reinforcing its position as a leading provider of third-party management services in the self-storage industry. Strategic Growth Across New and Existing Markets These facilities span key suburban and urban areas, including San Antonio, TX; Des Moines, IA; Miami, FL; Pearl River, NY, and…

Direct Equity Source Expands its’ Portfolio to 20 Self-Storage and Flex Space Properties

Direct Equity Source, a private equity firm specializing in real estate investments, announced today a major expansion of its income fund portfolio, growing from 8 to 20 self-storage and flex space properties across multiple strategic markets, including Texas, Florida, North Carolina, and Washington. This rapid growth underscores the firm’s commitment to delivering stable, income-producing assets to its investors while capitalizing on the increasing demand for self-storage and flexible commercial space nationwide. “Our expansion reflects both strong investor confidence and a clear opportunity in the market,” said Stephen Lawrence, Managing Partner…

White Oak Real Estate Capital Provides Senior Secured Loan to 1784 Holdings for Self-Storage Development in Garden Grove, California

White Oak Real Estate Capital, an affiliate of White Oak Global Advisors, today announced it has provided a $27.2 million senior secured loan to 1784 Holdings LLC, a national self-storage developer and owner specializing in developing, constructing and operating institutional quality self-storage facilities. The financing will be used to support the development of an 87,488 net rentable square feet (NRSF) climate-controlled self-storage facility in Garden Grove, California. Garden Grove is a dense Orange County community with an affluent population. Self-storage offerings are limited in the community due to high barriers…

Marcus & Millichap Capital Arranges $7.9 Million Financing For a Self-Storage Property in Hamilton, Ohio

Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $7.9 million in financing for a 928-unit, 122,620-square-foot self-storage property located at 1861 Dixie Highway in Hamilton, Ohio. Doug Brooks, managing director in MMCC’s Columbus office, secured the financing with a national bank on behalf of a private client. “This was a cash-out transaction for a repeat client,” said Brooks. “The process unfolded smoothly, and we were pleased to support the client with a full-term, interest-only structure that met their goals.” Terms…

StateStreet Group, LLC (SSG) Announces Grand Opening of its Newest StowAway Self Storage Facility in Jackson, MS

StateStreet Group, LLC (SSG) is pleased to announce the grand opening of its newest StowAway Self Storage facility in Jackson, near the north Fondren neighborhood. Located at 5330 N. State Street, the facility delivers more than 34,000 square feet of premier storage space with over 250 units, designed to meet a wide range of residential and commercial storage needs. “We’re excited to introduce our latest facility in this community, offering the convenience and flexibility our StowAway customers expect,” said SSG President Justin Peterson. StowAway Fondren is a modern, fully fenced…

Inland, Devon Completes Self-Storage Adaptive Reuse Project in St. Louis, Missouri

Inland Real Estate Investment Corp. and Devon Self Storage have completed an 80,217-square-foot self-storage facility with 797 units in St. Louis. The project at 4222 Union Blvd. involved the conversion of a warehouse into a climate-controlled self-storage property. The three-story facility features a 24-hour security system and is situated near I-70. Approximately 75 per cent of St. Louis’ self-storage inventory is comprised of converted properties from prior uses, according to Inland, which maintains a self-storage portfolio of more than $1.8 billion in assets under management. Devon currently manages 190 properties…

Self Storage Opens with Professional Management in Monroe, Georgia

Local owners of Self Storage Monroe proudly announce the acquisition of the self-storage facility at 1110 North Broad Street, Monroe, Georgia 30656. This facility, being managed by Absolute Storage Management (Absolute), features 647 units totaling 89,525 rentable square feet. It offers safe and secure climate-controlled, non-climate-controlled, and parking unit options to the local communities of Carolina Bold Springs, Walnut Grove, and Bold Springs. Monroe OZ Partners LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of…

Marcus & Millichap Releases Midyear 2025 Southeast Florida Self-Storage Investment Outlook Report

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has published its midyear 2025 Southeast Florida Self-Storage Investment Outlook. “Southeast Florida’s self-storage sector continues to benefit from robust in-migration and resilient demand, even as the pace of growth moderates,” said Harrison Rein, vice president / regional manager of Marcus & Millichap’s Fort Lauderdale office. “Vacancy remains below pre-pandemic levels, and despite elevated construction, pricing power is supported by tight housing conditions and population expansion.” Marcus & Millichap’s Midyear…