Author: Shinil Krishnan

JLL Arranges $160M Credit Facility for Safely Store Self Storage Platform Seven U.S. Metros

Safely Store Self Storage, a platform backed by $400 million in institutional capital from La Caisse and a global co-investor, has closed a $160 million credit facility arranged by JLL Capital Markets and funded by J.P. Morgan. The financing is secured by 11 facilities across seven U.S. metros totaling over 872,000 rentable square feet, managed by Extra Space Storage. Structured as a $60 million term loan with a $100 million accordion feature, the facility is designed to support platform growth through future acquisitions and development. The transaction reflects continued institutional…

Storelocal Storage Adds Four Facilities Across Texas, California and Arizona

Storelocal Storage has expanded its network with four facilities across Texas, California, and Arizona, combining new development, adaptive reuse, and renovation. The most notable addition repurposes a former Fry’s Electronics store in Irving, Texas, into a 1,756-unit, 183,000-square-foot facility with climate-controlled units and RV storage. Additional locations include a Class A property in Madera County, California, a renovated facility in Cibolo, Texas, and a newly built site in Benson, Arizona. The additions illustrate Storelocal’s approach of growing its branded network through partnerships with independent owners rather than direct acquisition. Read…

Two-Building Self-Storage Project Proposed Along Three Notch Road in Maryland

A concept site plan has been submitted to St. Mary’s County, Maryland for Three Notch Self Storage, a proposed two-building development totaling 121,864 square feet at 23200 and 23206 Three Notch Road in California, MD. Arcland Property Company LLC is identified as the contract purchaser for the approximately 4.7-acre site, which would consolidate five parcels zoned for medium-intensity mixed use. The project is in early-stage county review with no final approval granted. The proposal adds to existing storage supply along the Route 235 corridor, where several facilities already operate in…

10 Features Storage Renters Are Most Willing to Pay Extra For

One of the biggest opportunities for self-storage owners isn’t simply filling vacant units—it’s increasing the value customers perceive in their rental experience. While location and pricing remain important, many tenants are willing to pay higher rental rates for amenities that provide greater convenience, security, and peace of mind. Understanding which features customers value most can help operators prioritize capital improvements that generate stronger returns. 1. Pest Control Nothing damages customer confidence faster than concerns about rodents or insects. A professionally maintained pest control program protects tenants’ belongings while reinforcing the…

We Asked. We Listened. We Built THE Show.

As publisher of Modern Storage Media, I’ve had the privilege of attending more self-storage conferences and trade shows than I could possibly count. Some have been outstanding. Others…not so much. But over the years, one thing became abundantly clear. No matter where I went, I kept hearing the same comments. “I hate having to choose between educational sessions and spending time on the trade show floor.” “There just isn’t enough time to really network.” “I want education I can actually use when I get home.” When we began planning THE…

Weekly Self Storage Transaction Roundup: 6/30/26 – 7/01/26

Self-storage sales last week highlighted a clear split between scarcity-driven pricing power and execution-driven upside. Washington, DC, and Jefferson Valley, NY, anchored the high-barrier end of the spectrum: the DC asset operated in a market with just 3.90 SF per capita and the week’s highest walk-in rate at $3.46/SF, while Jefferson Valley paired affluent Westchester County demographics with limited nearby competition and $2.45/SF walk-in rates. Meanwhile, the Denver MSA portfolio offered a different version of demand, pairing stabilized in-place cash flow with exposure to two distinct suburban markets: Arvada, a…

Blue Bird Mini Storage Wins Approval to Expand Onto Commercial Corner Parcel in Cornelia, Georgia

The Cornelia, Georgia City Commission voted 3-1 to approve an amendment permitting Blue Bird Mini Storage LLC to extend its planned development at 1509 Level Grove Road onto a corner parcel originally set aside for retail. Engineering constraints related to stormwater retention reduced the usable area for a retail tenant, leading the developer to request the change. The hearing raised issues around cemetery proximity, market demand, and land use trade-offs — a combination of concerns that reflects the broader scrutiny self-storage projects commonly face in smaller municipal markets. Read the…

SecureSpace Opens Fourth San Diego Location in Encanto Neighborhood in San Diego, California

SecureSpace Self Storage has opened a location at 5950 Federal Blvd in San Diego’s Encanto neighborhood, marking the brand’s fourth facility in the metro area. The three-story building offers 51,190 square feet across 555 units and eight rentable parking spaces, with ongoing renovations that include AI-enabled security systems. A fifth San Diego location is currently under construction. The openings illustrate a market clustering strategy in which operators concentrate multiple facilities within a single metro to build brand density and operational efficiency. Read the Full Article Source: PR Newswire (by CISION)

StorageMart Expands in Chicago and Indianapolis With Two New Managed Sites

StorageMart added two facilities to its third-party management portfolio in Q2 2026, with properties in Crystal Lake, Illinois, and Indianapolis, Indiana. The Crystal Lake site at 4504 E Terra Cotta Ave encompasses 86,165 net rentable square feet and 690 units, marking StorageMart’s 20th managed location in the Chicago metro. The Indianapolis property at 6550 S Belmont Ave adds 48,815 square feet and 389 units, extending the brand’s presence to eight sites in that market. The additions are consistent with a broader industry trend of facility owners turning to established operators…

Featured Broker: Taylor Cahn

As Co-Founder and Executive Director of Storage Exchange, Taylor plays a central role in shaping the firm’s investment sales platform and overall growth strategy. He has been instrumental in the development of the company’s proprietary brokerage infrastructure, designed to enhance investment visibility, streamline execution, and deliver efficient, high- certainty transaction outcomes. In addition to his leadership responsibilities, Taylor serves as Vice President of Investment Sales, where he leads a team of investment professionals focused on the acquisition and disposition of self-storage and alternative real estate assets. He works closely with…