Author: Shinil Krishnan

Weekly Self Storage Transaction Roundup: 5/19/26 – 6/1/26

Recent self-storage transactions indicate steady market activity, especially in secondary and tertiary markets. Nineteen deals across 13 states were completed, with single-asset sales comprising most of the volume. Portfolio transactions also occurred, including Etude Storage Capital’s acquisition of two Chicago properties from Self Storage 1, Mini Storage Depot’s sale of two Extra Space-branded facilities in Nashville, and a two-property, 315-unit portfolio in Corning, CA. These transactions show continued interest in multi-asset opportunities in both urban and regional markets.   Capital is moving through multiple deal profiles. For example, Compass Self…

6 Proven Ways to Turn Around an Underperforming Self-Storage Facility

Not every self-storage facility performs as expected. Whether occupancy has stalled, expenses are rising, or revenue growth has slowed, an underperforming property doesn’t have to stay that way. The good news is that many struggling facilities can be improved with a few strategic changes. By focusing on operations, revenue management, marketing, and customer experience, owners can often increase Net Operating Income (NOI) and significantly improve property value. Here are six proven ways to turn around an underperforming self-storage facility. 1. Audit Your Financials The first step is understanding exactly where…

Featured Broker: Samuel Livingston

L. Samuel Livingston is the Vice President of Livingston Brokerage LLC. He is a seasoned businessman and realtor with over 40 years of real estate management and sales experience. Since 1978, Samuel has gained knowledge in the design, development, and brokerage of the self-storage industry. As president and owner of Livingston Construction Inc, JH Livingston Inc., and other family-owned businesses, Samuel has owned and operated self-storage facilities in the El Paso, Texas, and Las Cruces, New Mexico metropolitan areas. In 2008, Samuel and his sons focused their sole efforts on…

Safeguard Self Storage Opens New Facility in Levittown, New York

Safeguard Self Storage has opened a new self-storage facility in Levittown, New York, expanding its Long Island presence to seven locations. The property includes approximately 750 units and more than 56,000 rentable square feet, with features such as climate-controlled storage, digital access controls, and mobile-enabled entry systems. Located along Hempstead Turnpike in Nassau County, the project reflects continued self-storage development in densely populated suburban markets, where operators are increasing modern storage inventory to serve both household and business customers. Source: Safeguard Self Storage

Storage Post Adds Fourth Brooklyn Facility in Williamsburg, New York

Storage Post Self Storage has opened a new self-storage facility in Williamsburg, Brooklyn, expanding its portfolio to 16 locations across New York City and four within Brooklyn. The property includes climate-controlled units, digital access controls, online leasing, and other features commonly used in high-density urban storage developments. The opening reflects ongoing self-storage growth in New York City submarkets, where operators continue investing in modern, multi-story facilities to serve residential and small business demand in space-constrained neighborhoods. Read the Full Article Source: PR Newswire (By CISION)

CubeSmart Opens Five-Story Self-Storage Facility in Yonkers, New York

A new CubeSmart self-storage facility has opened in Yonkers, New York, following the redevelopment of a long-vacant commercial site on Central Park Avenue. Developed by Hampshire Management Company, the five-story property includes more than 1,100 climate-controlled units across approximately 164,000 square feet. The project converted a former restaurant and entertainment property that had been vacant for over 15 years, with support from local tax incentives. The development reflects continued adaptive reuse trends in the self-storage sector, particularly the conversion of underutilized retail and commercial sites in dense urban markets. Read…

Bineth Expands Storage Portfolio in NJ and NY

Bineth Group and Upper Space Group have expanded their Northeast self-storage portfolio with new facilities in New Jersey and New York. The projects include Seaport Self Storage in Elizabeth, NJ, an 89,000-square-foot climate-controlled facility managed by Extra Space Storage; an 86,000-square-foot, 869-unit climate-controlled facility in Pennsauken, NJ; and the acquisition of a CubeSmart facility in Buffalo, NY. The portfolio now includes seven self-storage properties across dense NJ, PA, and NY markets.   Read the Full Article Source: RE NJ

Large scale self-storage complex under review in Amherst, NY

Amherst, N.Y. (WBEN) – Amherst officials are continuing to review plans for a 550-unit, climate-controlled self storage complex – that, if developed would be the largest such facility in the town. Under review is a proposal by Vick Singh Ghotia. founder of 416Homez, to develop the 70,000-square-foot complex along an 8.46 acre parcel of vacant land at 2495 Wehrle Drive. The property is just west of Transit Road. A final development cost is still being worked out. Pending various Amherst approvals, construction is expected to start later this year. The units…

Boylston, MA Self-Storage Development to Add 797 Units

ARCO National Construction’s New England division is partnering with R.J. Kelly to develop a new Class A self-storage facility in Boylston, Massachusetts. Located on a 6.12-acre site with Route 140 frontage and visibility from I-290, the project will include a three-story, 103,000-square-foot facility with 797 climate-controlled units, including 46 drive-up units, plus a 1,000-square-foot office and 19 parking spaces. The project will redevelop an underutilized parcel to serve the greater Worcester market.   Read the Full Article Source: New England Real Estate Journal

Commune Capital Sells Self-Storage Property in Bellevue, WA for $50.7M

BELLEVUE, WASH. — Commune Capital has completed the disposition of a self-storage property located at 12399 Northup Way in Bellevue. Premier Storage Investors acquired the asset for $50.7 million. Mike Mele, Luke Elliott, Jim Lewis and Steffan Brown of Cushman & Wakefield represented the seller in the transaction. Built in 2016 on 1.2 acres, the Class A 103,397-square-foot self-storage facility features 988 climate-controlled and drive-up units. At the time of sale, the property was 93 percent occupied.     Read the Full Article Source: REBusiness Online