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05

Transactions and Deals: July 5, 2024

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Transactions and Deals: July 5, 2024

Los Angeles Facility Gets Loan

 

Seven Hills Realty Trust secured $23.8 million to recapitalize a storage facility in Los Angeles for Staley Point Capital, according to REBusiness. Extra Space Storage manages the facility.

 

 

 

 

Five Star Launches Management

 

Five Star Storage has launched a third party management service called Five Star Storage Management. Five Star is based in North Dakota.

 

Silo Opens Another in Georgia

 

Paces Properties opened Silo Self Storage in Woodstock, Georgia. Absolute Storage Management will manage the property.

 

Public Sets Sustainability Goals

 

Public Storage set a 45% reduction target for scope 1 and scope 2 greenhouse gas emissions by 2032, as part of its 2024 Sustainability Report. Public Storage also aims to more than double properties with solar power generation with plans to reach 1,300 properties by 2025.

 

StorageMart Manages Colorado Store

 

StorageMart will manage a newly opened storage facility in Silverthorne, Colorado. REA Development Corporation owns the facility.

 

Bloch Joins Marcus & Millichap

 

Bobby Bloch has been named senior vice president of Marcus & Millichap’s Washington, D.C., office focusing on self storage. Bloch was previously with Cushman & Wakefield.

 

Blackwell Joins EquiCap as Partner

 

Anne Williams Blackwell has joined EquiCap as a partner in the Memphis, Tennessee, office.

 

ASM Adds Two Contracts

 

Absolute Storage Management has two new management contracts. ASM will manage a new facility in the Broad Avenue District of Memphis, Tennessee, and Premier Storage at Friendship Road in Hoschton, Georgia.

 

Marcus & Millichap Sells New Mexico Portfolio

 

Marcus & Millichap brokered the sale of the two-property A+ Self Storage portfolio in Las Cruces, New Mexico. The seller was a local family partnership, and the buyer was a joint venture of Westport Properties and Heitman.

 

IREGC’s Ching Honored

 

Mary Beth Ching, chief of staff for The Investment Real Estate Group of Companies, which owns and operates Moove In Self Storage, was named a 2024 Woman of Influence by the Central Penn Business Journal. Ching is an active volunteer in the York, Pennsylvania, community.

 

OpenTech Grows C-Suite

 

Self storage PropTech firm OpenTech Alliance promoted four leaders. They are:


•    Tania Miaoulis to chief financial officer.
•    Kristi Adams to chief marketing officer.
•    Tina Berlingeri, vice president of call center operations.
•    Kimberly Robinson, vice president of marketing.

 

Guardian Opens Colorado Location

 

Guardian Storage opened a newly constructed facility in Fort Collins, Colorado, the 15th in the state.

 

 

 

 

 

| Categories: | Tags: Seven Hills Realty Trust, Five Star Storage Management, Silo Self Storage, Sustainability, Public Storage, solar power, StorageMart, Absolute Storage Management, Marcus & Millichap, OpenTech Alliance, Guardian Storage | View Count: (96) | Return

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