Category: Self Storage News

Veritas Group Announces December 31 Close for Storage Units Income Fund II

Veritas Group, an investment platform that delivers institutional-quality real estate investments across the multifamily and self-storage sectors, announced today that its Storage Units Income Fund II would be closing to new investments on or before December 31. “We are thrilled with the success of this fundraise and grateful for the strong support we have received from a diverse group of investors,” said Sean Casterline, CEO for Veritas Group. “Investors continue to gravitate to self-storage as a recession-resilient asset class that generates steady cash flow and high margins.” To date, alongside…

Westport Properties Expands into Utah with Acquisition of Three Self Storage Facilities

Facilities to be professionally managed under the US Storage Centers brand NEWPORT BEACH, Calif., Dec. 17, 2025 /PRNewswire/ — Westport Properties, a premier self storage investment and management company operating facilities nationwide, announced the acquisition of three self storage properties in Utah — marking the company’s first expansion into the state. The newly acquired facilities are located at: 6743 South 1300 East, Cottonwood Heights, Utah 84121 12362 South 700 East, Draper, Utah 84020 1053 East 3300 South, Millcreek, Utah 84106 With this acquisition, Westport Properties brings its institutional management platform and the…

Storage Post Lands $47 Million for Self-Storage Facility in Manhattan, New York

Storage Post has secured a $47 million first mortgage loan for its 1,959-unit self storage facility at 444 E. 10th St., in Manhattan’s East Village neighborhood. Nuveen Real Estate issued the note in a transaction arranged by JLL Capital Markets. Storage Post and Almanac Realty Investors acquired the property in 2022 from a private individual, for $61 million. At the time, the owners landed a $40.3 million acquisition loan held by Heitman, with an initial maturity set for April 2025. Storage Post manages two other locations under the same brand…

Mini Mall Storage Properties Announces Acquisition of 23-Property Portfolio, Capping a Year of Exciting Growth

Calgary, AB, Dec. 16, 2025 (GLOBE NEWSWIRE) — Mini Mall Storage Properties (“MMSP” or “Mini Mall”) is pleased to announce the acquisition of a 23-property self-storage portfolio that marks Mini Mall’s entry into the strategically important markets of Kentucky and Florida, and includes assets in Texas, Alabama, Georgia, South Carolina, North Carolina, and Tennessee. The newly acquired properties are comprised of exceptionally well-maintained Class A and B+ facilities that will add strategic scale and scope across the Sun Belt region. MMSP will integrate each asset with its unique operational framework…

U-Haul Snags Self-Storage in New Hampshire Resort Town

  Marcus & Millichap closed the sale of Winnipesaukee Self Storage, a 512-unit self-storage property in Gilford, NH. Pricing was not disclosed. “I am very excited to execute this sale for the sellers at a tremendous price and price per square foot,” said Nathan Coe, senior managing director investments. “This facility is in a very high-barrier-to-entry lake community and is truly Class A. The interest and results achieved are a testament to the continued strong demand for high-quality self-storage assets.” Nathan Coe, Gabriel Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s  Columbus office, in association with Thomas…

Industry Insights on Why Storage Unit Door Replacements Matter

Storage unit doors are among the most frequently used components of any self-storage facility. They not only secure a tenant’s belongings, but they also affect how potential renters perceive your facility, influence operational costs and can even impact long-term property value. Industry experts now emphasize that proper door choice, maintenance and timely replacement are essential parts of facility management.  What Happens When Doors Aren’t Maintained—and When to Replace Instead Based on guidance from industry experts like Janus International’s David Alexander, director of National Account Services,  there are common problems that…

A New Self-Storage Facility is Coming to Northeast El Paso, Texas

The self-storage industry has exploded over the last several years, rising 8% to $44.3 billion, according to the 2024 Self-Storage Almanac. The industry is expected to reach $50 billion by 2029. There are currently an estimated 52,301 self-storage facilities in the United States, covering nearly 2.1 billion square feet. Just over 11% of U.S. households, about 14.6 million, currently maintain a self-storage space. Where is it? The new Franklin Self-Storage site will be located at 10700 Railroad Drive, according to the city’s permit and licensing page. The new self-storage site…

Self-Storage Facility Approved Next to Rising Star Baptist Church in Smithfield, Virginia

A three-story self-storage facility will soon break ground next to Rising Star Baptist Church on Battery Park Road. Tammie Clary, the town’s community development and planning director, told Smithfield’s Planning Commission on Dec. 10 that town staff had administratively approved a final site plan, which she said calls for a three-story building with 30,645 square feet and two one-story buildings at 6,500 square feet. When Commissioner Charles Bryan asked why the proposal was not previously presented to the Planning Commission, Clary cited a July 1 change in state law that…

Self-Storage Sales Jump 62% in the Third Quarter

Deal activity surges as investors target high-barrier markets in New York, Las Vegas and Atlanta Transaction volume in the U.S. self-storage sector surged in the third quarter of 2025, reaching nearly $1.6 billion. That is a 62% increase compared to the same period last year, as investor confidence rebounded following a period of caution. A total of 266 facilities changed hands between July and September, up from 201 in the third quarter of 2024, according to a report released this month by StorageCafe. The data indicates that while private and…

STORE Management Expands into California

STORE Management, a Phoenix-based self-storage management platform built by owner-operators, is pleased to announce its expansion into California with the opening of STORE on Pittman last month. The new location marks STORE’s first managed property in the state and reflects the company’s continued growth across key markets. The Fairfield location, owned by Wentworth Property Company, underscores STORE’s expanding role as an operating partner for institutional-quality storage assets. Its management model is designed to adapt to each property, favoring asset-level decision-making, local market nuance, and active oversight over standardized national playbooks.…