New Hampshire Property Trades

 

The Storage Acquisition Group brokered the sale of a Life Storage-managed facility in Manchester, New Hampshire. Bill Sitar, Jr, Thomas Palumbo and Monty Spencer managed the transaction.

 

 

 

 

Schulman Plans Miami Project

 

Schulman Properties has obtained $8.7 million in joint venture equity financing for Dixie Self Storage, located in an opportunity zone in North Miami Beach, Florida.

Northmarq arranged the financing. Construction began in April.

 

Pogoda Implements Self Storage Manager

 

Pogoda Companies, which operates over 50 facilities in the Midwest, has converted to the Self Storage Manager platform. Self Storage Manager is a comprehensive management platform for single and multi-facility operators.

 

Montreal Mini Grows in Quebec

 

Montreal Mini-Storage completed a series of acquisitions totaling $40 million. The facilities are in St-Jerome, Sainte-Adele, Val Morin and Rawdon, in Quebec. Montreal Mini-Storage has 19 locations.

 

Hawkins Joins Merit Hill

 

Merit Hill Capital LP, has hired Anne Hawkins at chief operating officer. Hawkins was most recently COO for Morningstar Properties LLC. Before that, she was executive vice president at STR Inc., and helped build the company’s competitive benchmarking and analytics in new sectors, including self storage. New York-based Merit Hill holds a portfolio of 234 storage properties in 33 states.

 

SecureSpace Lands Washington Store

 

SecureSpace acquired Storage Star in Federal Way, Washington. The property will be rebranded as SecureSpace Federal Way.

 

U-Haul Converting Illinois Kmart

 

U-Haul will convert a former Kmart store in Morton, Illinois. U-Haul plans to be operational by the end of 2022.

 

Elevation Fund Acquiring Properties

 

The investment fund for Elevation Capital Group, based in Orlando, Florida, has received more than $60 million in subscriptions. Since Elevation Fund 8 was launched, it has acquired three properties located in Washington DC, Houston and Las Vegas metro areas.

 

SmartStop Buys in Sacramento

 

SmartStop Self Storage REIT, Inc. acquired a storage facility in Sacramento, California, the company’s 30^th owned or managed location in the state.

 

Connecticut Storage Trades Hands

 

Berkshire Hathaway brokered the sale of The Storage Depot in North Haven, Connecticut. Cameron Vale and Parker Sweet represented the seller and secured the buyer.

 

California Property Sells

 

The LeClaire-Schlosser Group of Marcus & Millichap brokered the sale of Emerald @ 78 Self Storage in Vista, California. Keith Phillips and Adam Schlosser marketed the property on behalf of a California-based LLC that owned the asset for close to 30 years. The buyer was a national operator.

 

Spartan Workplace Recognized

 

Colorado-based Spartan Investment Group has been named a top place to work by both Inc. Magazine and the Denver Business Journal.  The real estate investment firm specializes in self storage and operates the FreeUp Storage brand.