Author: Shinil Krishnan

Featured Broker: Caroline Holliday

With experience in both residential and commercial property investments, Caroline provides an in-depth understanding and industry insights into the self storage real estate market. Prior to joining Storage Exchange, she worked as an event coordinator focused on philanthropic fundraising. Caroline attended the University of Colorado where she earned her BA from the college of media & communication and served as co-captain of the women’s Soccer team. Contact: Caroline Holliday – Associate, Storage Exchange caroline@storageexchange.com

Nexpoint Launches Fourth Self Storage DST Offering With Three Premium Assets

NexPoint Storage Partners, Inc. acquired the assets for inclusion in NexPoint Storage IV DST, which aims to raise $70.3 million. The assets are managed by Extra Space Storage and offer revenue and value growth potential in two of Arizona and Florida’s MSAs.” NexPoint Storage IV comprises three GenV assets in Arizona and Florida MSAs with population growth potential. NexPoint, a multibillion-dollar alternative investment firm, today announced the launch of NexPoint Storage IV DST, a Delaware statutory trust (“DST”) offering comprised of three Class A, GenerationV (“GenV”) assets in submarkets with…

Recent Transactions: 04.11.2023 – 04.17.2023

Property: A-1 Lakeview Safe Storage Location: Fayetteville, NC Brokers and Brokerage: Jonathan Fawley, Brett Hatcher, Gabriel Coe and Nathan Coe of the Hatcher Coe Group of Marcus & Millichap NRSF: 23,500 Unit Count: 167 climate-controlled and non-climate controlled units plus 15 outdoor parking spaces Physical Occupancy:95% Highlights: Multiple offers At and Above list price Room for expansion Room to build on-site management office Dense & growing surrounding population: 81,090 people living within a five-mile radius represents a 47%increase since 2000 Property: Self Storage Facility Location: Rolla, MO Brokers and Brokerage:…

Talonvest Capital Negotiates $24.7 Million Loan for Florida Portfolio

Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, is pleased to announce the successful closing of a $24,685,000 bridge loan for York RE Capital Partners and their institutional JV equity. The borrower acquired a Naples, FL storage property at certificate of occupancy and a recently delivered Venice, FL storage facility. The properties have 167,126 net rentable square feet in almost 1,700 climate-controlled units. The state-of-the-art storage facilities are strategically located in rapidly growing areas and benefit from high visibility and easy access. The loan, provided…

Berlin Turnpike Storage Facility Approved

The facility will have nearly 630 interior self-storage units, office space, an employee break room, a retail area, and more than 20 units with outside entrances. The property is 11 acres total, with 7.6 of them in Wethersfield, and located just south of the Route 175/Berlin Turnpike interchange.” A developer has gained approval to build a self-storage facility at 2176 and 2180 Berlin Turnpike on the Newington-Wethersfield line. Applicants Robert Pryor, director of engineering for Solli Engineering LLC and White Plains-based BDC Holdings Inc., are planning a three-story, 99,360-square-foot self…

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…

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…