Transactions and Deals: June 29, 2023
posted on 6/29/2023 12:40:00 PM
Versal Handles Texas Deal
Versal brokered the sale of Spicewood Super Storage in Spicewood, Texas. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne represented the Houston-based seller and secured the buyer, Hinze Capital, LLC.
Stor-House Opens Near Tacoma
The Stor-House Self Storage – Yelm has opened in Yelm, Washington, south of Tacoma. The new facility was built by Colvos Construction.
Meridian Closes Georgia Sale
Meridian Storage Group brokered the sale of Max Storage in Macon, Georgia. Brady Mast managed the transaction.
Canadian Partnership Aims for Storage
Canadian real estate company Ivanhoe Cambridge has formed a partnership with Safely Store Self Storage to enter the US self storage market. Safely Store is an investment platform by Iron Point Partners and Taylor/Theus Holdings, Inc. The partnership plans to invest an initial $400 million.
SkyView Handles Southeast Sales
SkyView Advisors brokered the following sales:
• Bogart & Watkinsville storage portfolio in Athens, Georgia. Scott Schoettlin managed the transaction.
• Box Turtle Boat, RV & Storage in Gainesville, Florida. Alexander Field and Schoettlin managed the transaction.
Talonvest Arranges Madison Capital Loan
Talonvest Capital arranged a $14.1 million loan for Madison Capital. The loan will fund the construction of a facility in Redlands, California.
Absolute Adds Management Deals
Absolute Storage will provide management of the following facilities:
• Absolute Storage of Conway in Conway, Arkansas.
• MyPlace Self Storage in Apache Junction, Arizona.
• MyPlace Self Storage in Brighton, Colorado.
Store Space Opens in Georgia
Store Space Self Storage opened a facility in Loganville, Georgia. Store Space owns, operates and manages more than 100 facilities in 22 states.
Red Oak Provides Conversion Loan
Red Oak Capital Holdings, LLC provided capital for United Storage 360, LLC to acquire and convert a vacant Kmart in Englewood, Ohio. Extra Space Storage will manage the facility.
Meyer Joins IREGC
The Investment Real Estate Group of Companies, which operates Moove In Self Storage, hired Brandy Meyer as controller.
SmartStop Enters Canadian Market
Strategic Storage Growth Trust III acquired its first Canadian property, located in North York, Ontario. The facility will be branded SmartStop Self Storage.
Investor Plans Virginia Development
Graham Real Estate LLC purchased land in James City, Virginia, and plans to develop a self storage facility.
, The Stor-House Self Storage
, Meridian Storage Group
, Safely Store Self Storage
, SkyView Advisors
, Talonvest Capital
, Absolute Storage
, Store Space Self Storage
, Red Oak Capital Holdings
, SmartStop Self Storage
, Graham Real Estate
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