Author: Shinil Krishnan

PSRS Arranges $6.3 Million Refinancing for Self-Storage Facility in Provo, Utah

PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo, Utah. The 130,510-square-foot property contains 725 units and was 65 percent occupied at the time of closing. The loan carries a 30-year amortization schedule and includes cash-out proceeds. William DeFanti of PSRS secured the financing for an undisclosed borrower. The transaction is one example of lenders extending capital to self-storage assets that have not yet reached stabilized occupancy. Read the Full Article Source: REBusiness Online

Great American Self Storage Opens New Facility in Ocala, Florida

Great American Self Storage has opened a facility at 9190 SW State Road 200 in Ocala, Florida, developed with RSG Development. The property features climate-controlled drive-up units, Bluetooth smart locks, 24-hour camera monitoring, and trailer parking. A dedicated tack storage option is available for equestrian equipment, reflecting Ocala’s identity as a major horse industry hub. The combination of drive-up access and climate control in a humid Florida market is the facility’s primary design distinction. Read the Full Article Source: EIN Presswire

New York Life Provides $53.5 Million to Refinance Three-Property Portfolio in California

Investec Real Estate Cos. has secured a $53.5 million, five-year interest-only loan from New York Life Insurance Company to refinance a three-property self-storage portfolio in Highland, Goleta, and Murrieta, California. The portfolio totals 1,818 units and 243,496 net rentable square feet, with all three assets managed by Extra Space Storage. Talonvest Capital arranged the financing. The deal is one of several large self-storage refinancings Talonvest has closed recently, with the firm reporting more than $424 million in financing transactions completed in the past 90 days. Read the Full Article Source:…

Choosing the Perfect Location for Your Self-Storage Facility

In self-storage, location can significantly affect occupancy, rental rates, and long-term property value. A facility may be professionally managed and well maintained, but if it is difficult to access, surrounded by excessive competition, or located in an area with insufficient demand, achieving strong performance can be challenging. For investors and developers evaluating a potential self-storage site, here are several factors that deserve careful consideration. 1. Accessibility Matters Customers want storage that is convenient. A strong site should provide easy access from major roads and surrounding neighborhoods without requiring customers to…

Weekly Self Storage Transaction Roundup: 8/28/26 – 9/05/26

This week’s transactions show investors pursuing value at different stages of the self-storage operating cycle. Leominster, Massachusetts, and Overland Park, Kansas, entered the week with comparatively modest supply at 5.32 and 7.96 SF/capita. At the same time, Windsor, Colorado, pairs a $141,200 median household income and nearly 50% three-mile population growth since 2020 with just six cents separating average online and walk-in rates. The clearest value-add story, however, comes from Fort Pierce and Morgan Hill. A newly built Fort Pierce facility traded at roughly 25% occupancy, consequently putting the lease-up…

SAFStor Buys Land for Potential Self-Storage Development in Glenwood, Oregon

Atlanta-based SAFStor has purchased 5.75 acres in Glenwood, Oregon, for $1.43 million, according to a Lane County deed recorded September 2. The company has secured an $11.4 million construction line of credit against the property, though no specific development plans have been filed or announced. The Glenwood site would be SAFStor’s first Oregon location within a portfolio of roughly 80 projects nationwide. Several self-storage facilities already operate nearby on Franklin Boulevard in the Eugene-Springfield area. Read the Full Article Source: LookOut (Eugene – Springfield)

West Coast Self-Storage Adds Unit-Level Monitoring to Five-State US Portfolio

West Coast Self-Storage has agreed to deploy StorageDefender’s Smart Unit monitoring system across its nearly 170 locations, with rollout targeted for completion by Q4 2026. The service provides tenants with real-time unit activity alerts at $15 per month, creating ancillary revenue outside of base rental rates. West Coast conducted a pilot before committing to the full rollout, reporting tenant adoption of approximately 60% at initial sites. The deal is one of the larger portfolio-wide smart monitoring commitments disclosed in the self-storage industry to date. Read the Full Article Source: CISION…

SAFStor Buys Land for Potential Self-Storage Development in Glenwood, Oregon

Atlanta-based SAFStor has acquired 5.75 acres in Glenwood, Oregon for $1.43 million, per a Lane County deed filed September 2. The company has also secured an $11.4 million construction line of credit on the property, though no development plans have been made public. The site, located off Judkins Road near Interstate 5, would represent SAFStor’s first Oregon project among its roughly 80 nationwide developments. Several self-storage facilities already operate in the Glenwood area, including U-Haul and Simply Storage locations on Franklin Boulevard. Read the Full Article Source: LookOut – Eugene-Springfield

US Storage Centers to Manage New Class A Facility in Upland, California

Westport Properties has added a newly completed self-storage facility in Upland, California to its third-party management portfolio under the US Storage Centers brand. The four-story property at 1382 East Foothill Blvd, developed and owned by Buchanan Street Partners, offers approximately 123,000 rentable square feet across more than 1,100 units. The building replaces a vacant medical office structure and is one of the few new climate-controlled facilities delivered in the trade area. Westport now manages two Upland locations with a combined footprint of roughly 176,000 rentable square feet. Read the Full…

SuperStorage Joins Local Chambers of Commerce Across 16 California Markets

SuperStorage, a California self-storage operator with locations in 16 communities, has enrolled all of its facilities in their respective local Chambers of Commerce. Facility managers are participating in Chamber-sponsored events including business mixers and community fundraisers. The company also migrated its customer-facing website to the Tenant Inc. Hummingbird platform, adding real-time availability, transparent pricing, and touchless rental functionality. The dual announcement combines a community engagement initiative with a technology update as the regional operator works to strengthen its local presence. Read the Full Article Source: PR Newswire – by CISION