Author: Shinil Krishnan

SROA Capital has launched Fund X, a value-add investment vehicle targeting $750 million in capital commitments focused on self-storage acquisitions. The fund continues the firm’s approach of targeting under-managed and undercapitalized assets with income growth potential. It follows Fund IX, which closed above its fundraising target with more than $1.1 billion in total commitments from institutional investors. The launch points to continued investor interest in self-storage as an asset class, with the fragmented ownership landscape remaining a primary driver of acquisition-based strategies Read the Full Article Source: Access newswire

SecureSpace Self Storage has opened its 17th Seattle-area location at 7701 40th Street West in University Place, Washington, operating as SecureSpace University Place. The single-story facility spans 63,005 square feet across 655 units and 34 rentable parking spaces, with AI-enabled security systems currently under renovation. Situated between existing SecureSpace locations in Nalley Valley and Lakewood, the opening extends the operator’s pattern of concentrating facilities across the Seattle metro to build regional coverage and brand presence. Read the Full Article Source: PR Newswire (by CISION)

Affinius Capital and Axonic Capital have originated a $42.5 million loan for UTEX Storage Partners to finance two self-storage projects in the Miami metro area. The financing supports a new four-story, 1,097-unit facility in Pembroke Pines and a 540-unit expansion in Coral Gables that will bring that property to 1,500 units total. The combined portfolio will encompass 2,597 climate-controlled units across 233,120 square feet. The deal represents the fifth closing under a recurring lending arrangement between Affinius and Axonic focused on mid-market self-storage construction financing. Read the Full Article Source:…

Palm Springs’ Architectural Review Committee unanimously approved a development permit for a 92,400-square-foot self-storage facility at 900 North Farrell Drive after three rounds of review. The project, proposed by Legacy Built Investments & Development LLC, underwent significant design revisions, including the removal of faux roll-up door elements and the addition of landscape screening along Farrell Drive. Final approval was conditioned on uniform architectural treatment at all four building corners. The case highlights the level of design review self-storage projects can face in cities with established aesthetic standards. Read the Full…

Site preparation is underway at 2580 Maue Road in Miamisburg, Ohio, for a self-storage facility proposed by Barefoot Land Co. and Maue Storage. The one-story, 75,400-square-foot development will include 527 climate-controlled units and 41 drive-up ambient air storage units, following conditional city approval last October. No construction timeline has been disclosed. The project represents continued self-storage development in a smaller Ohio market, adding to a broader pattern of climate-controlled facility construction in Midwest suburban communities. Read the Full Article Source: Dayton Daily News

Alternate Attic Storage LLC, owned by Andy and Tracey Ellington, is scheduled to open a 116-unit facility at 23688 Prince Edward Hwy in Rice, Virginia, in October. The property will offer indoor units in a range of sizes for household and seasonal storage, with outdoor RV, boat, and trailer parking planned as a future expansion. The opening adds independently owned storage supply to a small rural Virginia market, reflecting a continuing trend of individual operators entering communities with limited existing storage options. Read the Full Article Source: The Farmville Herald