U.S. Property Development Opens New Self-Storage Facility in Hamburg, New York

U.S. Property Development has opened a self-storage facility at 5661 Camp Road in Hamburg, New York, managed by CubeSmart. The 12-acre development includes approximately 77,000 square feet and 544 units spanning climate-controlled and drive-up configurations. The site was previously undeveloped. The project is one of several examples of private developers partnering with national third-party operators to bring new self-storage supply to suburban markets outside major metros. Read the Full Article Source: PR Newswire – by CISION

Morningstar Properties Refinances Self-Storage Fund With $157M Facility

First Citizens Bank has provided $157 million in financing to Morningstar Properties to refinance Blue Doors Storage Fund IV, a private-equity vehicle operated by Morningstar affiliate Blue Doors Capital Management. The fund focuses on self-storage acquisitions and development in major metro and secondary markets across the U.S. Charlotte-based Morningstar Properties has developed and operated more than 250 self-storage projects totaling over 15 million square feet since its founding in 1981. The deal reflects ongoing institutional lending activity in the private self-storage sector. Read the Full Article Source: PR Newswire –…

Storelocal Storage Breaks Ground on New Facility in Sanger, California

Storelocal Storage has broken ground on a self-storage facility in Sanger, California, with construction expected to wrap up in April 2027. The development will span more than 92,000 square feet and include climate-controlled units, NOKE keyless access, and covered and uncovered parking. The project is locally owned and operated under the Storelocal brand, continuing the network’s pattern of adding independently owned facilities in smaller California markets. Read the Full Article Source: Fox26News

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:…

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)

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

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

Cache County Approves Conditional Use Permit for Wellsville Safe Storage in Utah

The Cache County Planning Commission has approved a conditional use permit for Wellsville Safe Storage, a proposed eight-acre, four-building self-service facility near 3900 South and U.S. 89-91 in Utah. The unmanned site would operate 24 hours a day. Approval conditions include compliance with county screening standards, with discussion covering landscaping near an adjacent canal, lighting, parking, and traffic. The permit passed with two commissioners voting against it. Read the Full Article Source: HJ News