Author: Shinil Krishnan

Weekly Self Storage Transaction Roundup: 7/27/26 – 8/05/26

Portfolio activity stood out this week, with five of the nine transactions involving multiple properties across Oregon, Texas, Washington, Maryland and Michigan. Together, those deals account for 20 facilities, reflecting portfolio activity across geographically and fundamentally different markets. Institutional capital was represented by Ares Real Estate Fund’s acquisition of the two-property Rockville, MD portfolio. Separately, three Extra Space-branded or managed assets changed hands in Phoenix, Vero Beach and Malden, MA. However, the transactions reflect changes in property ownership rather than acquisitions by Extra Space itself. The underlying markets reveal just…

Provident Bank Finances New Three-Story Self-Storage Project in Glen Rock, New Jersey

Shadowbrook Capital has closed on construction financing from Provident Bank, arranged by JLL, for a three-story, 881-unit self-storage facility at 161 Harristown Road in Glen Rock, New Jersey. The 121,384-square-foot climate-controlled project is slated for completion in 2027 and will be operated by Extra Space Storage. The transaction is the second construction loan JLL has arranged between the same borrower and lender. The deal points to sustained lender and developer interest in Bergen County, a market characterized by limited self-storage supply and above-average household incomes. Read the Full Article Source:…

Developer Proposes Two Five-Story Self-Storage Buildings in Boston’s Readville

A developer has filed plans with the Boston Planning Department to construct two five-story self-storage buildings on a 2.7-acre parcel at Hyde Park Avenue in Readville. Joe Federico Jr. purchased the site for $6.8 million in March 2025 after the prior owner, a residential developer, went bankrupt before breaking ground. The proposal requires full new city review and would proceed in two phases. The project is a notable example of a failed residential site being redirected toward self-storage, a trend worth watching in supply-constrained urban markets where land is scarce…

New U-Haul Facility Brings Climate-Controlled Storage to Hot Springs, Arkansas

U-Haul has opened its first company-owned facility in Hot Springs, Arkansas, at 623 Files Road. The 62,825-square-foot building includes more than 850 climate-controlled storage units alongside truck and trailer rentals, U-Box portable containers, and hitch installation services.  The ground-up development marks U-Haul’s entry into the Garland County market and is consistent with the company’s broader pattern of building integrated moving and storage facilities in mid-sized U.S. communities experiencing residential growth. Read the Full Article Source: businessWire

Featured Broker: Ashley Compton, MBA

Ashley Compton is a Principal and Vice Chairman at Colliers who specializes in advising clients in the disposition, acquisition, and recapitalization of self-storage facilities throughout the United States and Canada. His single mission for each client is to utilize his knowledge and experience to exceed expectations. He develops a customized marketing plan for each client to ensure maximum sales proceeds while minimizing exposure to risk by reducing the transaction timeline. Integrity, ethics, and experience guide every interaction and define his service approach with clients and colleagues. He has successfully assisted…

Weekly Self Storage Transaction Roundup: 7/27/26 – 7/30/26

This week’s transactions illustrate how local market fundamentals can tell a very different story than headline supply metrics. Despite very different supply conditions, each of these markets offers characteristics that help explain why investors continue to pursue opportunities there. Burke Storage in Morganton, NC appears, at first glance, to be in an oversupplied market, with nearly 12 square feet per capita across 17 facilities, two more developments planned within the same five-mile trade area, and little projected population growth. Yet pricing tells a different story. Walk-in rates increased 2.6% over…

SecureSpace Brings 127,000 Square Feet of Storage to Rockville, Maryland

SecureSpace Self Storage has opened two adjacent facilities at 4 and 44 Research Place in Rockville, Maryland, now operating together as SecureSpace Rockville. The three-story buildings, built in 2016 and 2020, total 127,000 square feet across 1,454 climate-controlled units with a limited number of drive-up options. Renovations, including AI-enabled security upgrades, are in progress. The entry into Rockville adds to SecureSpace’s footprint in the Washington, DC metro, a high-income suburban market where demand for institutional-quality storage remains steady. Read the Full Article Source: The Mocoshow

Ardent Companies Opens 913-Unit Self-Storage Facility in Woonsocket, Rhode Island

The Ardent Companies and Ironwood Development Partners have opened a three-story, 913-unit self-storage facility at 153 Hamlet Ave. in Woonsocket, Rhode Island. The 80,000-square-foot property was built on a formerly vacant brownfield remediated through a state environmental program and will be managed by Extra Space Storage. The project marks Ardent’s first Rhode Island development and the 10th asset delivered through its Self-Storage Development Fund II. The deal is a notable example of self-storage development being used to return contaminated urban sites to productive commercial use. Read the Full Article Source:…

The Fed Held Again. Storage Owners, Pay Attention

The Federal Reserve did what it’s done four meetings running: nothing. Rates stayed parked at 3.50%-3.75%. But don’t let “no change” fool you into thinking nothing happened. The vote was 9-3. Three governors wanted a quarter-point hike. That’s not a rounding error. That’s a real fight inside the building about whether inflation, still running hot at 3.4% on core PCE, is a problem the Fed can wait out or one it needs to attack now. Here’s why that fight matters if you own, operate, or want to buy self-storage. First,…

How to Analyze a Self-Storage Investment

Successful self-storage investing begins long before closing day. While attractive listings and strong occupancy numbers may grab attention, experienced investors know that a thorough analysis is essential before making an acquisition decision. Evaluating a self-storage facility involves more than reviewing financial statements. It requires understanding the property’s operations, market position, growth potential, and long-term risks. Here are ten key areas every investor should evaluate before moving forward with a purchase. 1. Review the Financial Performance Begin by analyzing the property’s profit and loss statements, operating expenses, and historical cash flow.…