Author: Shinil Krishnan

Shadowbrook Capital Secures Financing for New Self-Storage Project in Hillsborough, New Jersey

JLL arranged construction financing through Provident Bank for a 709-unit self-storage facility at 35 Bedle St. in Hillsborough, New Jersey. The project, developed by Shadowbrook Capital, will encompass 76,119 net rentable square feet of climate-controlled space on an 8.6-acre site, with delivery expected in 2027. Extra Space Storage will manage operations upon completion. The transaction adds to a pattern of institutional capital targeting Northern New Jersey, a market where regulatory barriers and limited land continue to constrain new self-storage supply. Read the Full Article Source: RE Business Online

Featured Broker: Rob Schick

Rob Schick has been a licensed broker in the Indianapolis area for over 26 years and is the Argus Broker Affiliate for the State of Indiana. A graduate of Indiana University with a finance degree, Rob began his career in mortgage banking and, after six years, transitioned over to commercial real estate brokerage in 1995. Rob is well-versed in all asset classes but has focused primarily on self-storage for the past 16 years. He has the experience and expertise to accurately value facilities regardless of where they fit in the…

Westport Properties Develops 1,402-Unit Self-Storage Facility in Covina, California

Westport Properties has opened a new US Storage Centers-branded facility at 529 Cutter Way in Covina, California, comprising 1,402 units and 182,737 rentable square feet. The climate-controlled building is equipped with AI-powered security systems and sits near the I-10 and I-210 freeways in the San Gabriel Valley. The development adds to Westport’s growing presence in the greater Los Angeles market and is consistent with broader institutional interest in large-format self-storage in high-density Southern California submarkets. Read the Full Article Source: PR Newswire (by CISION)

Westport Properties Opens US Storage Centers Facility in Titusville, Florida

Westport Properties held a ribbon-cutting in May 2026 for a US Storage Centers-branded facility at 3960 South Street in Titusville, Florida, marking the company’s first management presence in the city. The 928-unit, 98,000-square-foot property originally opened in November 2025 under a third-party management arrangement. The facility offers climate-controlled units, RV parking, and two loading docks. The assignment adds to a broader industry pattern of independent facility owners engaging established operators to access professional management systems and national brand platforms. Read the Full Article Source: PR Newswire (by CISION)

10 Federal Nears Opening of Self-Storage Facility in Lake Worth, Texas

Self-storage operator 10 Federal has completed a three-story, 786-unit facility in Lake Worth, Texas, totaling approximately 76,960 net rentable square feet, with an August opening planned. Alongside the development, the company has been active in industry discussions around artificial intelligence, with leadership participating in an AI-focused panel at the Mid-Atlantic Self Storage Conference & Trade Show. The combination of new supply and technology investment points to a growing operator emphasis on data-driven tools as a means of sustaining performance in a more competitive market environment. Read the Full Article Source:…

Placer County Approves Self-Storage Facility With Conditions in Auburn, California

Placer County’s Zoning Administrator approved a minor use permit on June 18 for Foothill Storage, a three-story, 840-unit facility proposed for a 2.36-acre commercial lot in Auburn, California. The approval followed community meetings and came with conditions covering operating hours, landscaping, and aesthetic changes to the building. Resident opposition centered on traffic, safety, and housing needs. The case reflects the regulatory complexity self-storage developers face in California, where environmental review requirements and community pushback routinely influence project scope and timelines. Read the Full Article Source: Gold Mountain California News Media

Newcor Commercial Real Estate Opens Self-Storage Facility in Tomball, Texas

Newcor Commercial Real Estate has completed a 617-unit self-storage facility at 11110 Hufsmith Road in Tomball, Texas, northeast of Houston. The 87,970-square-foot project spans a 5.1-acre site and includes 510 climate-controlled units, 93 non-climate-controlled units, and 14 boat and RV storage spaces, with RightMove Storage handling operations. The development adds new supply to a suburban Houston submarket that has seen steady residential growth, a dynamic that continues to attract self-storage investment across the broader metro area. Read the Full Article Source: RE Business Online

Self-Storage Project Breaks Ground After Nearly a Decade in Chula Vista, California

Construction is underway on a 120,000-square-foot self-storage facility in east Chula Vista, California, roughly a decade after the project was initially proposed. Developer UTEX Storage Partners is building a two-structure complex with 1,284 units and boat and RV storage on a 9-acre parcel rezoned for commercial use in 2020. Neighboring residents have raised concerns about communication and environmental impact. The project is a relevant example of the extended development timelines and community opposition that can accompany self-storage projects on formerly open or undeveloped land. Read the Full Article Source: inewsource

How to Finance a Self-Storage Investment

Financing is one of the most important considerations when acquiring a self-storage facility. Whether you’re purchasing your first property or expanding an existing portfolio, understanding the available financing options can help you structure a successful acquisition. One of the most common funding sources is a traditional bank loan. Banks often provide competitive interest rates and repayment terms for stabilized facilities with strong occupancy and cash flow. Investors with solid credit and a sufficient down payment are often able to secure favorable financing. For owner-operators, Small Business Administration (SBA) loans can…

Back To The Basics?

For many decades, self-storage was a remarkably simple business. The product was almost always the same: a single-story, drive-up facility on a piece of well-located land, built efficiently, operated leanly, and supported by a fixed-cost base that allowed operators to absorb economic cycles with minimal disruption. It was, in many ways, a beautiful business model. Low overhead, sticky tenants, modest reinvestment requirements, and steady cash flow. The asset class earned its reputation as one of the most durable in commercial real estate precisely because it kept things simple. That simplicity…