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Featured Broker: Kenneth H. Cox

Kenneth H. Cox serves as a Vice Chairman of Newmark and has more than 25 years of experience in the self-storage sector. He has a broad range of experience in the industry, including assignments with a publicly traded REIT as a principal and, most recently, in the brokerage arena. This experience has given Mr. Cox an in-depth and diverse perspective on the asset class; to date, Mr. Cox has led in excess of $8 billion in self-storage transactions. Contact: Kenneth Cox Vice Chairman, Newmark 901.302.4312 Kenneth.cox@nmrk.com

U-Haul Opens New Moving and Storage Facility in South Haven, Michigan

U-Haul has opened a new facility at 72710 Light House Blvd in South Haven, Michigan, offering self-storage alongside truck rentals, trailers, and moving supplies. The storage component includes climate-controlled units, indoor options, and electronic access controls. The opening is consistent with U-Haul’s broader approach of combining moving and storage services in smaller regional markets, a format that differentiates the brand from operators focused solely on self-storage. Read the Full Article Source: PMG (Paxton Media Group)

SecureSpace Opens First Long Island Location in Deer Park, NY

SecureSpace Self Storage has opened its first Long Island location at 999 Long Island Ave in Deer Park, NY, bringing the brand’s total New York City metro presence to 11 facilities. The three-story, climate-controlled building spans 49,875 square feet across 537 units and is currently undergoing renovations that include AI-enabled security upgrades. The opening adds to a pattern of self-storage operators targeting dense suburban markets on the edges of major metros, where population density and limited space continue to support storage demand. Read the Full Article Source: PR Newswire (by…

10 Ways to Prevent Tenants from Living in Your Self-Storage Facility

Self-storage facilities are designed to store belongings—not serve as housing. However, operators occasionally encounter situations where tenants attempt to use storage units as living spaces. Beyond violating lease agreements, this practice can create serious safety, legal, insurance, and liability concerns for facility owners. Living in a storage unit can increase the risk of fire, property damage, criminal activity, health hazards, and injuries, all of which can expose owners to significant risk. Fortunately, there are several proactive steps operators can take to discourage unauthorized occupancy and maintain a safe, professional facility.…

Town Council Approves Self-Storage Expansion on Broad River Road in Irmo, South Carolina

Irmo, South Carolina’s town council voted 3-2 to approve a zoning change permitting a 42,000-square-foot self-storage expansion at 7949 Broad River Road, an existing PrimeSpace Storage site. The project repurposes vacant commercial space, and approval came with conditions requiring landscaping and facade improvements. The decision ran counter to zoning restrictions the town adopted in 2023, limiting new storage development to light manufacturing areas. The case reflects a recurring dynamic in suburban markets where operators seek to expand into commercial corridors amid continued community and regulatory resistance. Read the Full Article…

Weekly Self Storage Transaction Roundup: 6/11/26 – 6/17/26

Recent transaction activity demonstrated that buyers continue to target self-storage assets with appealing local demand fundamentals. Of the six deals, three were portfolio sales, including two properties in the Denver metro totaling 155,000 NRSF and 1,800 units, and two assets in South Carolina’s coastal markets. The remaining three were single-asset transactions in State College (PA), Rochester (MN), and The Colony (TX). Market data points to a range of fundamentals behind the activity. In the three single-asset deals, solid demand is supported by the presence of institutions or employment centers that…

Shenango Township Approves New Self-Storage Facility on Ellwood Road in New Castle, Pennsylvania

Shenango Township supervisors in Pennsylvania have approved a conditional use request from Alpha DHZ Properties LLC to build a self-storage facility at 2515 Ellwood Road. The 16-unit structure will be constructed at the rear of an existing AT&T parking lot owned by the same developer, screened by fencing and vegetation. The small-scale project illustrates a broader pattern of self-storage development on underutilized commercial parcels, a dynamic worth noting for those tracking new supply in smaller markets. Read the Full Article Source: New Castle News

Self-Storage Asset Recapitalized at $15.2M by VOC Partners in Lehigh Valley, Pennsylvania

VOC Partners completed a $15.2M recapitalization of its Lehigh Street self-storage property in Whitehall, Pennsylvania, returning 42% of original invested capital to existing partners while retaining ownership of the asset. The transaction refinanced existing debt and brought in new equity, creating a liquidity event short of an outright sale. The 81,500-square-foot climate-controlled facility comprises 713 units and has reached 58% occupancy since opening in mid-2024. The deal offers a notable example of how self-storage investors can structure returns without divesting stabilizing assets. Read the Full Article Source: PR Newswire (by…

Self-Storage Facility Approved for Three-Story Climate-Controlled Addition in Menifee, California

The Menifee Planning Commission approved an expansion of the Prime Self-Storage facility at Normandy and Berea roads on June 10. The project calls for a three-story, 69,266-square-foot climate-controlled building that will replace part of the site’s existing RV storage area, bringing total facility space to more than 186,000 square feet. Units will range from 50 to 600 square feet with elevator access throughout. The approval points to sustained storage demand in a growing Southern California market and continued industry movement toward larger, climate-controlled assets. Read the Full Article Source: Menifee…

The Gap Between What Self Storage Sellers Want and What Buyers Will Pay is Finally Starting to Close

Transaction volume in self-storage has been slower than buyers and sellers would both like. Capital is ready to deploy, and assets need to trade. But the gap between what sellers believe their properties are worth and what buyers are prepared to pay has kept a significant portion of the market on hold. That standoff is starting to shift, and not entirely by choice. Tom de Jong, Executive Vice President at Colliers and Founding Principal of the De Jong Self Storage Team, has tracked this across dozens of active deals over…