Meridian Brokers Atlanta Sale

 

Meridian Storage Group brokered the sale of AAA Woodstock Storage in Atlanta, Georgia. Brady Mast managed the transaction.

 

 

 

 

Arcland Adds in Maryland

 

Arcland Property Company purchased a storage property in Randallstown, Maryland. The facility will be managed by Self Storage Plus.

 

Tenant, Prorize Integrate Platforms

 

Tenant and Prorize have integrated their technology platforms for self storage. The integration between Tenant's Hummingbird Platform and Prorize's Self Storage Revenue Optimizer automatically uploads pricing recommendations at any frequency into Hummingbird, allowing customers to make better pricing decisions.

 

KO Storage Buys Four

 

KO Storage acquired four facilities in Tulsa and Lawton, Oklahoma, and Murfreesboro, Tennessee. KO Storage is a family-owned business operating in 24 states.

 

Riley Named President of IRE

 

Christopher Riley, formerly the chief financial officer of Investment Real Estate Group of Companies, has been promoted to president. He will continue to serve as chief operating officer, a position he’s held since 2018. Riley will work closely with CEO John Gilliland. IREGC operates the Moove In Self Storage brand.

 

Midway Chooses Absolute

 

Midway Climate Controlled Storage in Midway, Georgia, will be managed by Absolute Storage Management.

 
Clear Sky Plans Storage Investment

 

Clear Sky Capital Inc. launched an investment vehicle to expand its platform. The venture includes the recapitalization of two The Collective Self-Storage facilities in Arizona as well as Vista Self-Storage in California. JLL Capital Markets assisted Clear Sky with the new vehicle.

 

InSite Plans Storage, Apartment Development

 

Roem and InSite Property Group plan to build 136 affordable apartments and a storage facility in South San Jose, California.

 

Talonvest Offers Insights

 

Talonvest Capital shared the following market insights:

Lenders want volume and banks are competing. Regional banks are winning more lender competitions. Credit unions may offer maximum flexibility for borrowers with fixed or floating rate loans without prepayment penalties. Deposit requirements are becoming more common and more substantial.

 

LandPark, Sunset Buy Texas Portfolio

 

LandPark Advisors, LLC in a joint venture with Sunset Capital, LLC acquired an eight-property storage portfolio in East Texas and the Dallas-Ft Worth MSA. Properties are located in Wylie, Hallsville, Flint, Longview, and Carthage. Right Move Storage, LLC will manage the portfolio.

 

SecureSpace Opens in California

 

SecureSpace Self Storage opened a new facility in Brea, California. The property includes an open concept workspace.

 

North Carolina Redevelopment Planned

 

Raleigh-based Rivercrest Realty Investors plans to redevelop a Monroe, North Carolina, building into self storage. The company holds dozens of retail centers and three storage properties.