Author: Shinil Krishnan

Another Self-Storage Facility Approved For West Main Street in Stamford, Connecticut

A new self-storage facility was approved by the Stamford Zoning Board after additional design upgrades were made to a previous plan that board members found unappealing. Extra Space Storage gained the go-ahead to build a 61,077-square-foot, three-story structure off West Main Street at Commerce Road, with 522 storage units. Three other large storage facilities operated by ESS are already located on the same 4-acre site, which is near the Greenwich border. The self-storage company added some additional design features to the structure since it was first proposed earlier this summer.…

Novato Planning Commission Approves Self-Storage Project in Novato, California

The Novato Planning Commission has approved a new self-storage complex, despite neighborhood opposition. The decision on Sept. 8 was unanimous. City staff determined the project is exempt from additional state environmental review. The project does not require City Council approval. The proposed 95,400-square-foot, three-building complex at 501 Davidson St. was opposed by residents in the area, which includes Slade Park. Residents expressed concerns about the buildings’ size, increased traffic, equipment noise and light pollution. “What I’m seeing is a fairly benign use out there,” said Peter Tiernan, a planning commissioner.…

Featured Broker: Logan Foster

Logan Foster is an Associate on the Investment Sales Team at Versal, based in the Austin, Texas office. Specializing exclusively in self-storage, she has successfully facilitated the acquisition and disposition of assets for a range of clients, from private investors to publicly traded REITs, across most regions of the United States. Logan joined Versal as a licensed real estate professional in 2022 and has since developed substantial expertise in acquisitions and dispositions, self-storage evaluation and consulting services, and financial analysis. She values the relationships she has built within the industry…

Self Storage Opens with Professional Management in Hot Springs, Arkansas

Local owners of Central Access Storage proudly announce the acquisition of the self-storage facility at 4250 Central Avenue, Hot Springs, AR 71913. This facility, managed by Absolute Storage Management (Absolute), features 365 units totaling 48,025 rentable square feet. It offers safe and secure climate-controlled, non-climate unit options to the local communities of Hot Springs, Rockwell, and Lake Hamilton. Six Pillars Storage 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 September 8, 2025. Residents and…

Talonvest Structures $19.2 Million in Life Company Loans

Talonvest Capital, Inc. is proud to announce the successful closing of $19.2 million in financing on behalf of Hanora Investment Group (www.hanoragroup.com), a real estate investment firm specializing in the acquisition, development, and management of self-storage properties, and its institutional joint venture equity partner. The loan is secured by self-storage facilities located in Claremont, CA and American Canyon, CA. Together, the properties have 117,726 net rentable square feet (NRSF) in 785 non-climate-controlled units, 348 non-climate-controlled drive-up units, and 16 locker units. The American Canyon location also offers 125 RV parking…

How to Know When It’s Time to Sell Your Storage Facility

Selling a self-storage facility is one of the most important financial decisions an owner can make. Unlike day-to-day operational choices, the decision to sell shapes the long-term return on years of effort, capital, and risk. The timing has to balance both the numbers and the narrative: how your property is performing today, what the market is signaling for tomorrow, and where you are personally in your investment journey. Some owners sell to capture peak pricing, others to avoid looming capital expenses, and many simply because it fits their broader financial…

Recent Self-Storage Transactions: 09.03.2025 – 09.09.2025

Recent self-storage transactions show continued investor interest in the sector, with activity spanning a variety of markets and asset types. Deals include stabilized properties, development sites, and portfolio acquisitions, reflecting strategies to expand market presence, increase operational scale, and position for long-term growth. Demand remains steady, supported by consistent occupancy levels and opportunities to enhance revenue through improved management and pricing strategies.   Property: Class-A, Institutional-Quality Self-Storage Facility Location: St. Johns, Florida Address: 150 Pine Chase Way, St. Johns, Florida Seller: Lockhart Management Group (LMG) Buyer: HPI Real Estate Services…

Uplift Development Group Announces Construction of State-of-the-Art Self-Storage Facility in Bryan/College Station, Texas

Uplift Development Group, a Colorado-based real estate development firm specializing in Class-A self-storage assets, today announced its expansion into the Brazos Valley with a new development in Bryan, Texas. The project, named Uplift Self Storage – Bryan/College Station, is a strategic investment in the bustling community surrounding Texas A&M University and the cities of College Station and Bryan. Located at 3168 E. 29th St., the new facility broke ground in March of this year and is slated to open in the spring of 2026. The development addresses a growing demand…

Featured Broker: Wilson Covington

Built on values. Sold by results. Wilson Covington helps storage owners buy, sell, and succeed – leaving every deal better than he found it. Wilson has worked in commercial real estate since 2005, with a primary focus on self-storage. He specializes in operational strategy, acquisitions, and development—overseeing due diligence, budgeting, and execution of business plans for new assets. During his career in self-storage, he has overseen the management and development of over 46,000 units and 5.5 million square feet of facilities in 18 states. He has also served on the…

A 4-Story Storage Facility Proposed Off Route 202 in Somerset County, New Jersey

Another self-storage facility is being proposed in Somerset County. Sempre Property Group LLC of Warren is proposing to build a three-story plus a basement, 25,844 square foot self-storage facility with 587 units at the corner of Route 202 North and ImClone Drive in Branchburg. It would be located on the wooded lot before Chubb Way. The Branchburg Zoning Board of Adjustment is expected to hear the application at its Sept. 17 meeting. The applicant is seeking multiple variances as a self-storage facility is not a permitted use in the zone.…