Day: September 14, 2026

Morningstar Properties Refinances Self-Storage Fund With $157M Facility

First Citizens Bank has provided $157 million in financing to Morningstar Properties to refinance Blue Doors Storage Fund IV, a private-equity vehicle operated by Morningstar affiliate Blue Doors Capital Management. The fund focuses on self-storage acquisitions and development in major metro and secondary markets across the U.S. Charlotte-based Morningstar Properties has developed and operated more than 250 self-storage projects totaling over 15 million square feet since its founding in 1981. The deal reflects ongoing institutional lending activity in the private self-storage sector. Read the Full Article Source: PR Newswire –…

Storelocal Storage Breaks Ground on New Facility in Sanger, California

Storelocal Storage has broken ground on a self-storage facility in Sanger, California, with construction expected to wrap up in April 2027. The development will span more than 92,000 square feet and include climate-controlled units, NOKE keyless access, and covered and uncovered parking. The project is locally owned and operated under the Storelocal brand, continuing the network’s pattern of adding independently owned facilities in smaller California markets. Read the Full Article Source: Fox26News