Transactions and Deals: February 11, 2024
posted on 2/11/2024 5:33:00 PM
Bancap Brokers California Sale
Bancap Self Storage Group brokered the sale of Stor-Mor Self Storage in Rosemead, California. The seller was the partnership that originally developed the property in 1979, and the buyer was a privately held storage owner and operator.
Lindsey Handles Louisiana Deal
Lindsey Self Storage Group brokered the sale of Better Warehouses in Monroe, Louisiana, to a private buyer.
REITs Set Q4 Earnings Calls
The public REITs have announced times for upcoming earnings calls for the three-month period ended Dec. 31, 2023. They are:
• Public Storage will host a call at 12 pm ET, Wednesday, February 21.
• Extra Space Storage will host a call at 1 pm ET, on Wednesday, Feb. 28.
• National Storage Affiliates will host a call at 1 pm ET on Thursday, February 29.
• CubeSmart will host a call on Q4 at 11 am ET on Friday, March 1.
Sauls Plans National Strategy
Sauls Storage Group has initiated a growth initiative to extend its brokerage services beyond the southeast region to collaborate with storage owners nationally. Jane and Luke Sauls are partners in the business.
Manhattan Mini Unveils New Campaign
Manhattan Mini Storage, known for its cheeky marketing, has launched its latest billboard campaign across New York City. The billboards take playful jabs at the current political climate. The company is partnering with local voter registration groups to host and promote voter registration drives.
U-Haul Building Georgia Asset
U-Haul broke ground on a new facility in Carolton, Georgia. The general contractor is Rycon Construction.
Franklin Handles Michigan Sale
Franklin Storage Advisors brokered the sale of Self Storage Solutions in Goodrich, Michigan.
Developer Plans Illinois Conversion
Complete Storage will open a converted storage facility in Salem, Illinois, according to WJBD.
StorSafe Enters 3rd Party Field
StorSafe Self Storage has launched a third-party management division. StorSafe operates facilities in Florida, Illinois, Indiana, Ohio and Wisconsin.
Compass Buys Georgia Facility
Compass Self Storage acquired a storage facility in Conyers, Georgia. Compass is part of Amsdell Companies.
California Asset Trades
Hix Snedeker Cos. Sold a CubeSmart-managed facility in Ridgecrest, California, for $5.7 million. The building was a former Walmart.
Go Store It Adds in Florida
Go Store It Self Storage opened a facility in Deerwood, Florida.
SecureSpace to Manage Maryland Site
InSite developed a storage property in Odenton, Maryland, that will be managed and branded, SecureSpace Self Storage.
Yandle Joins IREGC
Investment Real Estate Group of Companies named Jon Yandle acquisitions manager. He will source, analyze and negotiate to acquire properties under the Moove In Self Storage brand.
Tags: Bancap Self Storage Group
, Lindsey Self Storage Group
, Earnings Calls
, Sauls Storage Group
, Manhattan Mini Storage
, Franklin Storage Advisors
, Complete Storage
, StorSafe Self Storage
, Compass Self Storage
, Go Store It
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