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Transactions and Deals: May 19, 2023

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Transactions and Deals: May 19, 2023

Hernandez Approved for Florida Build


Hernandez Development has received approval to build a facility in Opa-Locka, Florida. The property will be managed by CubeSmart.

 

 

 


Sauls Sells Georgia Property


Sauls Storage Group brokered the sale of West GA Mini Warehouses in Carrollton, Georgia. Mike Patterson represented the seller.


Collins Named CMO at Storage Space


David Collins has been named chief marketing officer for Storage Space Self Storage. Collins was previously head of marketing for Public Storage.


Pogoda to Manage Five


Pogoda Companies will manage five new properties, located in Brighton, Hartland, Howell and Oceola, Michigan. All will be rebranded under Pogoda’s National Storage flag.


Safeguard Buys Tampa Asset


Safeguard Self Storage acquired Citrus Park self storage facility in Tampa, Florida. It’s Safeguard’s 6th facility in southwest Florida.


Yardi: Street Rate Growth Trends Downward


National street rates saw modest gains in April, up $1 to $141 for all unit sizes, according to Yardi Matrix. Metro street rate growth is negative year-over-year with each of Yardi’s top 31 metros recording a drop in 10x10 cc rates compared to a year ago. However, operating income is increasing via existing customer rents.


Sentry Releases Results


Sentry Self Storage Management announced the following operating results for Q1 2023: Same store revenue growth measured 5%. NOI finished with a 9% year-over-year same store increase.


Versal Brokers Texas Portfolio


Versal brokered the sale of the two-property Watson & Taylor portfolio in Galveston and Baytown, Texas. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne represented Steelcreek Baytown Storage, LLC and Steelcreek Galveston Storage, LLC, the Texas-based seller, and secured the buyer, Andover Properties.


Massachusetts Development Gets Approval in Rhode Island


A storage facility to be developed by Trunk Space LLC of Quincy, Massachusetts, received approval from the Providence, Rhode Island, plan commission.

 

 

 

 

 

| Categories: | Tags: Hernandez Development, Sauls Storage Group, Storage Space Self Storage, Pogoda Companies, Yardi Matrix, Sentry Self Storage Management, Versal, Trunk Space | View Count: (1576) | Return

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