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Transactions and Deals: May 10, 2024

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Transactions and Deals: May 10, 2024

True Storage Opens in Massachusetts

 

True Storage opened a storage development in Wilbraham, Massachusetts.

 

 

 

 

 

 

Baranoff Finishes South Carolina Development

 

Baranoff Holdings completed a new facility in Charleston, South Carolina. Public Storage will manage the property.

 

Developer Converting Bank Branch

 

Williams Development Group is redeveloping a former bank branch into a storage facility in Clemmons, North Carolina. The property will be branded Sunbird Storage.

 

Spartan Adds 3 in Northwest

 

Spartan Investment Group acquired a trio of storage facilities, two in Portland, Oregon and one in Vancouver, Washington. Extra Space Storage will manage the properties.

 

Marcus & Millichap Completes Deals

 

Marcus & Millichap brokered the following sales:


•    Windmill Mini Storage in Taylor, Texas. The buyer was an LLC.
•    StoreEase in Middleburg, Florida. The seller was Inkana Development, and the buyer was U-Haul.
•    CubeSmart (managed) in Kenosha, Wisconsin. The seller was Macritchie Group, and the buyer was Inland Real Estate Acquisitions.
•    A storage certificate of occupancy property in Richmond, Texas, called Fulshear CofO.

 

Moove In Buys in New Jersey

 

Moove In Self Storage acquired a facility in Hardyston, New Jersey.

 

L’Hoste to Lead Atlantic Sales at Elevate

 

Elevate Structures has named Cydney L’Hoste regional director of business development for the Atlantic sales territory. She was previously pre-construction director.

 

IREGC Promotes Burlage

 

Kyle Burlage has been named senior investment analyst at The Investment Real Estate Group of Companies in York, Pennsylvania.    

 

Etude Makes Offer for Global

 

Etude Storage Partners has offered to purchase Global Self Storage Inc, a REIT. Etude is a stockholder of Global, and it offers $6.15 per share in an all-cash proposal. This is Etude’s third attempt to acquire Global.

 

Storable Releases Survey Results

 

Storable released the results of a survey of over 1,000 storage tenants examining demand, technology and expectations. A notable 42% of respondents viewed self storage as an essential expenditure. A quarter are willing to pay more for 24/7 access, 24% for enhanced security, and 19% for climate control. Theft prevention is the most significant concern.

 

Devon Adds Management Contracts

 

Devon Self Storage will manage six properties in Indiana, Colorado, Michigan, Nevada and Louisiana. Devon manages 119 properties for 12 owners across the nation. Devon is part of The Inland Real Estate Group of Companies.

 

 

 

 

 

 

| Categories: | Tags: True Storage, Baranoff Holdings, Williams Development Group, Spartan Investment Group, Marcus & Millichap, Moove In Self Storage, Elevate Structures, Global Self Storage, Storable, Devon Self Storage | View Count: (139) | Return

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