Self Storage
Noyack Medical Partners Forming $200 Million Fund to Invest in Distressed “HESS” Opps – HEALTHCARE; STUDENT HOUSING; AND SELF-STORAGE

Noyack Medical Partners Forming $200 Million Fund to Invest in Distressed “HESS” Opps – HEALTHCARE; STUDENT HOUSING; AND SELF-STORAGE

Posted 05.19.2010 | Categories: Featured, Medical Office/Healthcare, Student Housing, Self Storage | No Comments

Noyack Medical Partners forming $200M Fund to invest in distressed “HESS” opps – Healthcare; Student Housing, and Self-Storage

Read more →

Self Storage: Strategic Storage Trust Invests $4M

Posted 05.13.2010 | Categories: Self Storage | No Comments

Strategic Storage Trust Inc. has acquired two self-storage facilities totaling 880 units for $3.5 million. The non-traded REIT bought the 1980s-era properties in an all-cash transaction.

Read more →
Self Storage: Real Estate Expert Predicts Self Storage Will Bounce Back First

Self Storage: Real Estate Expert Predicts Self Storage Will Bounce Back First

Posted 04.08.2010 | Categories: Self Storage | No Comments

Grubb & Ellis AGA US Realty Fund manager Jay Leupp predicted last week that self storage real estate will bounce back before most of the rest of the real estate market, probably within a year or two.

Read more →

Apartment, Health REITs to Rebound First

Posted 04.07.2010 | Categories: Medical Office/Healthcare, Self Storage | No Comments

Jay Leupp, manager of the Grubb & Ellis AGA US Realty Fund(GBEUX), expects real estate investment trusts that invest in apartments, health care and self-storage sites to gain.

Read more →

Self Storage: Strategic Storage Trust Purchases Two Self Storage Facilities for $23 Million Located in Two Burgeoning Markets

Posted 03.09.2010 | Categories: Self Storage | No Comments

In an all-cash transaction, Strategic Storage Trust, Inc. (SSTI) — a publicly registered non-traded REIT targeting the self storage market — recently acquired two facilities located in Fort Lee, N.J. and Weston, Fla. for a combined purchase price of approximately $23 million.

Read more →

Morningstar Mini-Storage Opens Storage Facility in Charlotte, N.C.

Posted 03.09.2010 | Categories: Self Storage | No Comments

Morningstar Mini-Storage opened a new four-story self-storage facility in February at the intersection of West Tyvola Road and South Tryon St. in Charlotte, N.C. The facility is located near Steele Creek, Charlotte-Douglas International Airport, as well as the new City Park mixed-use community, formerly the site of the Charlotte Coliseum.

Read more →
Self Storage U-Store-It Completes $875 Million in 2009 Capital Raising Efforts; Reports Fourth Quarter and Annual 2009 Results; Provides 2010 Earnings Guidance

Self Storage U-Store-It Completes $875 Million in 2009 Capital Raising Efforts; Reports Fourth Quarter and Annual 2009 Results; Provides 2010 Earnings Guidance

Posted 03.09.2010 | Categories: Self Storage | No Comments

U-Store-It Trust announced its operating results for the three months and year ended December 31, 2009. “We are very pleased with our capital raising efforts during 2009,” said Dean Jernigan, Chief Executive Officer of U-Store-It.

Read more →

Self Storage: Extra Space Storage Inc. Closes Joint Venture With Harrison Street Real Estate Capital, LLC

Posted 01.28.2010 | Categories: Self Storage | 1 Comment

Extra Space Storage Inc. (“Extra Space” or the “Company”) (NYSE: EXR) announced today that it has closed its previously announced joint venture (the “JV”) with an affiliate of Harrison Street Real Estate Capital, LLC (“HSRE”). HSRE contributed approximately $15.8 million in cash to the JV in return for a 50.0% ownership interest. The Company contributed […]

Read more →

Self Storage: U.S. REITs Poised to Boost Dividends After Raising $33 Billion

Posted 01.19.2010 | Categories: Self Storage | No Comments

A dozen U.S. real estate investment trusts, part of an industry that raised $33 billion last year, likely will increase their next quarterly dividends.

Public Storage, Annaly Capital Management Inc., and Inland Real Estate Corp. are among those that may boost payouts, data compiled by Bloomberg show. Vornado Realty Trust said this week it would resume paying its dividend fully in cash after a year of issuing it partially in stock.

“I do see the strongest companies perhaps increasing their dividends,” said James Sullivan, an analyst with Green Street Advisors, a Newport Beach, California-based real estate research company.

Read more →

Self-Storage Performance Trends Nationwide: Occupancy, Concessions and Development

Posted 01.11.2010 | Categories: Self Storage | No Comments

Despite a contraction in self-storage development activity, declining discretionary incomes and the soft, single-family housing market will continue to weigh on self-storage demand. Occupancy levels at self-storage properties are trending lower as job losses and falling home values encourage households to save more and avoid unnecessary expenditures. In an attempt to mitigate occupancy decreases, owners […]

Read more →