Transactions and Deals: August 13, 2021
posted on 8/13/2021 7:45:00 AM
StorageMart Issues Vaccine Challenge
StorageMart Self Storage is offering a $100 cash bonus to U.S. employees who are fully vaccinated by October 31, 2021. The company has also issued a challenge to the self storage industry to encourage Covid-19 vaccinations by incentivizing employees to become fully vaccinated.
“Stopping the virus takes everyone, and the vaccine is a safe and effective tool to help us do that,” said CEO Cris Burnam. “The Covid-19 vaccine is now widely available, and we want to encourage everyone who can get it to do so.”
Burnam challenged industry peers to rise to the occasion.
“Our employees carried our industry through a tough time. I challenge every self storage operator to follow suit and incentivize their teams to become fully vaccinated against this virus.”
Charity Storage Reorganizes Leadership
Charity Storage has reorganized the nonprofit’s operating structure with key leadership changes. Kerry Henriksen has resigned as executive director.
Mariela Pattinson resigned as director of marketing and development. Mario Macaluso, a current board member, will serve as program manager to enroll storage operators in the program.
Compass Adds Boat & RV Center
Compass Self Storage has acquired a boat and RV parking center in St. Augustine, Florida, and branded it Compass Boat & RV Storage.
Pogoda Adds 5 to Portfolio
Pogoda Companies has added five more properties to its portfolio. Three were in the Grand Rapids, Michigan MSA and two were in the Detroit, Michigan MSA. Each has been rebranded under Pogoda’s trademarked name: National Storage Centers.
SkyView Brokers Sales
SkyView Advisors brokered the following sales:
Summit Peak self storage portfolio located in the Oklahoma City, Oklahoma, MSA. Scott Schoettlin and Ryan Clark represented the seller.
Arlington Self Storage in Indianapolis, Indiana. Hunter Sells and Clark represented the seller.
Marcus & Millichap Conducts Utah, Oklahoma Sales
Marcus & Millichap brokered the following sales:
Bethany Self Storage in Bethany, Oklahoma. Brandon Karr and Danny Cunningham had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Herriman Storage in Herriman Utah and Parkway Storage in Orem, Utah. The LeClaire-Schlosser Group of Marcus & Millichap brokered the sale with Jordan Farrer and Adam Schlosser representing the seller. The buyer was Public Storage.
CubeSmart a Most Engaged Workplace
CubeSmart has been recognized as one of the Achievers 50 Most Engaged Workplaces in North America. This annual award recognizes top employers that display leadership and innovation in engaging their workplaces.
“It is an honor to be recognized for our team’s engagement for the second time. It is a credit to each and every one of our teammates for making CubeSmart a great place to work,” said Christopher P. Marr, president and CEO of CubeSmart.
Bellomy Stays Busy in Texas
Bellomy & Co. brokered the following sales:
Space Self Storage in Corpus Christi, Texas. Bill Bellomy and Michael Johnson represented Divisidero Property LLC, the Austin, Texas-based seller. The team also procured the New York-based buyer, Andover Properties.
CubeSmart Self Storage in Irving, Texas. Bellomy and Johnson represented 3450 Willow Creek LLC, the Southlake, Texas-based seller. The team also procured the New York based buyer, Andover Properties.
SROA Buys StayLock
An investment fund managed by SROA Capital LLC, which operates the Storage Rentals of America and Storage Zone brands, has acquired StayLock Storage from investment firm Cequel III and private-equity company Thompson Street Capital Partners. StayLock operates 79 facilities in eight states. Its 50 employees are expected to transition to SROA, and the facilities will be rebranded as Storage Rentals of America.
West Coast Opens Oregon Store
West Coast Self-Storage has opened a storage facility in Hillsboro, Oregon. The business is named West Coast Self-Storage Hillsboro.
, Charity Storage
, Compass Self Storage
, National Storage Centers
, SkyView Advisors
, Marcus & Millichap
, Bellomy & Co.
, Storage Rentals of America
, West Coast Self-Storage
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