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Orlando-Based Liberty Investment Properties Raises Over $43 Million to Expand Self Storage Portfolio

Liberty Investment Properties has partnered with the StoreEase Virtual Management platform to improve revenue by employing a proprietary and proven virtual management model while significantly reducing costs.” Liberty Investment Properties, a leading real estate investment firm, has raised over $43 million in equity for its Liberty Storage Fund II. This funding will be utilized to purchase self-storage facilities in the Southeast region of the United States. With a diverse portfolio totaling over $1 billion in assets, Liberty Investment Properties has consistently provided outstanding yields to its private investors while simultaneously…

New Management For Local Self Storage Facility in Jane, Missouri

Local acquisition of Jane Self Storage is bringing professional self-storage management to the city of Jane. The facility is located at 41 Missouri Lane Jane, MO 64856. This facility is comprised of 277 units totaling 60,955 rentable square feet, providing safe and secure climate-controlled, non-climate, and parking unit options to the local communities of Bella Vista, Pineville, and Bentonville. The ownership group 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 3/27/2023. If you would like…

The Smart Entry and Facility Automation Experts at Janus International Group Announce an All-New, Hardwired Nokē™ Smart Lock

Janus International Group, Inc (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for self storage and other commercial and industrial sectors, today announced the addition of Nokē Contact, an on door, contact charged, hardwired smart locking solution, into their award-winning line of Nokē Smart Entry products. In addition to the all-new, hardwired smart locking solution, Nokē Contact, Janus’s Nokē Smart Entry platform also offers a high-tech, battery-powered external smart locking solution, known as Nokē ONE. Nokē Contact is an easily…

Recent Transactions: 04.04.2023 – 04.10.2023

Property: Heartland Drive Self Storage Location: Kernersville, NC Broker and Brokerage: Michael Morrison of Midcoast Properties, Inc. Acreage: 2.15 acres NRSF: 68,219 Unit Count: 557 climate-controlled units Highlights: On-site rental office with granite Countertops Noke Smart Door and access controls Two elevators Restrooms Security cameras and alarms Exterior wall-pack LED lighting   Property: Storway Self Storage Location: Scranton, PA Brokers and Brokerage: Jared Houck, Matt Junkin, Kevin Bledsoe and Andreas Makris of The Bledsoe Self Storage Group of Marcus & Millichap Square Feet: 26,800 NRSF: 16,950 Physical Occupancy: 99% Highlights:…

PTI Security Systems Launches Its New Keyless Bluetooth Padlock, HELOX

HELOX represents our commitment to continued unit-level security innovations; The changing demographics in storage unit tenants and the demand for simplified shareable key offerings require solutions that provide both elevated security and user convenience. This lock provides both.” PTI Security Systems™, part of ASSA ABLOY and the global leader in access control technologies for the self storage industry, announced today a new product in its security arsenal that merges the strength of fortified steel with keyless Bluetooth technology. The HELOX padlock offers self storage operators and tenants an easy-to-use, almost…

NH Self Storage Association (NHSSA) and Northeast Self Storage Association (NeSSA) Storage Expo 2023

Save the Dates! NHSSA Spring Happy Hour May 31, 2023 Portsmouth Brewery https://www.nhssa.net/events/  NeSSA Fall Retreat September 26, 2023 Publick House Historic Inn Sturbridge, MA https://www.nessa.org/fall-retreat  NHSSA Fall Workshop September 27, 2023 The Puritan Backroom Manchester, NH https://www.nhssa.net/events/ For more information, please contact; Courtney J. Kahler, Executive Director Northeast Self Storage Association e-mail: cjkahler@nhssa.net Check out our ongoing webinars throughout the year! 2023 Five-Star Sponsors

Storage Exchange Closes Over 269,000 NRSF in Q1 2023

Nine self storage properties are successfully facilitated Storage Exchange announces the closing of nine self storage properties in Q1 2023, comprising over 269,000 NRSF. These properties are located in Texas, Arizona, and Louisiana. Ideal Self Storage: Located in Central Texas, this 6-property portfolio contains 155,765 rentable sq. ft. The portfolio’s 24.05 acres are well-positioned in the trade area. Liam Duddy, Director of Investment Sales for Storage Exchange, facilitated the sale of all 6 locations. Xtra Space Self Storage: Located near Prescott Regional Airport in Chino Valley, AZ, the 48,475 sq.…

Extra Space Storage & Life Storage Combine to Form the Pre-eminent Storage Operator

The transaction brings together two industry-leading platforms, and the combined company is expected to have a pro forma equity market capitalization of approximately $36 billion and a total enterprise value of approximately $47 billion.” Extra Space Storage Inc. (NYSE: EXR) (“Extra Space”) and Life Storage, Inc. (NYSE: LSI) (“Life Storage”) announced today that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage in an all-stock transaction. The transaction brings together two industry-leading platforms, and the combined company is expected to have…

InSite to Build Five-Story Self Storage Facility in Glendale

InSite bought the property for $6.6 million in January. It was sold along with an adjacent lot at 111 Concord Street.” Torrance-based firm InSite plans to convert a Glendale industrial site into a five-story self-storage facility. The property, located at 127 Concord Street, currently contains a 22,000-square-foot structure leased to printing company Chromatic. InSite, which specializes in self-storage projects, is looking to replace the existing building with a five-story, 112,200-square-foot facility, according to documents filed with Glendale’s planning department. Plans for the site also include two levels for a subterranean…