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24

Transactions and Deals: May 24, 2021

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Transactions and Deals: May 24, 2021

Safeguard Adds in Florida

 

Safeguard Self Storage has opened a new facility in Largo, Florida.

  

NSA Now S&P MidCap 400

 

National Storage Affiliates Trust (NYSE: NSA) has been added to the S&P MidCap 400 Index effective May 14, 2021.

Tamara Fischer, president and CEO, commented, "We are pleased to have National Storage Affiliates gain inclusion on the S&P MidCap 400 Index. The move to the MidCap 400 index from the SmallCap 600 index acknowledges the exceptional growth NSA has realized over the past few years."

 

New US Storage Centers in Florida


Westport Properties has purchased a new self storage facility in Clermont, Florida, near Orlando. The property opened in 2019 and will be rebranded as US Storage Centers.

 

Talonvest Closes Loan for 1784 Capital

 

Talonvest Capital closed on $22 million in bridge financing on behalf of 1784 Capital Holding for Scottsdale Promenade Self Storage in Scottsdale, Arizona, that opened in late October 2020. The facility is managed by Life Storage. The Talonvest team included Jim Davies, Erich Pryor, David DiRienzo, Tom Sherlock and Lauren Maehler. 

 

Storage Structures Adds Shull

 

Brian Shull has joined Storage Structures, Inc. as regional director, business development for the Midwest. Storage Structures is a Georgia-based national metal building subcontractor.

 

JLL Brokers 2-Property Deal

 

JLL Capital Markets closed the sale of a two-property self storage portfolio in Richmond, Texas, and Crestwood, Illinois. JLL worked on behalf of the seller, a private equity real estate fund advised by Crow Holdings Capital. National Storage Affiliates Trust acquired the assets. The JLL team included Brian Somoza, Steve Mellon and Dan Reynolds.

 

StorQuest Opens in Walnut Creek

 

StorQuest Self Storage has opened a new store in Walnut Creek, California. This is StorQuest’s 12th store in the San Francisco area and 200th location nationwide. The William Warren Group  develops, acquires and manages under the StorQuest brand.

 

Lindsey Adds Broker Martin

 

Kirk Martin has joined the Lindsey Self Storage Group brokerage team. A graduate of the University of Wisconsin – La Crosse, Martin has experience in self storage brokerage in the Wisconsin, Minnesota and Iowa markets.

 

Montfort Opens Texas Project

 

Montfort Capital Partners has opened its second facility in Kyle, Texas. Capco General Contracting was the builder.

 

Pinnacle Acquires Louisiana Facility

 

Pinnacle Storage Properties has acquired Cajun Self Storage in Lake Charles, Louisiana. It will be rebranded to Storage Plus of Lake Charles. This is Pinnacle’s 27th property in five years.

 

Watchman Buys Midland Property

 

Marcus & Millichap brokered the sale of A - Allright Mini Storage in Midland, Texas. Arol Horkavy and Jon Danklefs had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, Watchman Properties, will rebrand the facility as Midland Lock Storage.

 

CBRE Brokers Washington Sale

 

CBRE’s Self Storage Advisory Group brokered the sale of Freeway Mini Storage in Shelton, Washington. CBRE represented the seller and buyer, both private investors.

 

 

 

 

 

| Categories: | Tags: Safeguard Self Storage, National Storage Affiliates, US Storage Centers, Storage Structures, StorQuest Self Storage, Lindsey Self Storage Group, Montfort Capital Partners, Pinnacle Storage Properties, Cajun Self Storage, Midland Lock Storage, CBRE | View Count: (418) | Return

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