Canadian Firm Making Acquisitions

 

Mini Mall Storage Properties Trust acquired six self storage properties in the New Orleans area in December for $95 million from Safeguard Self Storage and another eight properties in Memphis from Gelt Ventures. Mini Mall Storage is a subsidiary of Alberta, Canada-based Avenue Living.

 

 

 

Broker Stuart Wade Passes

 

Stuart Wade, a broker and business development manager who spent nearly 20 years with The Nicholson Companies/AAAA Self Storage Management Group, passed away following a diagnosis of pancreatic cancer in Chesapeake, Virginia. Wade was a recognizable and well-liked person in the storage industry.

 

Extra Space Promotes Two

 

Extra Space Storage promoted Grace Kunde to chief accounting officer and Dayna Hathaway to chief marketing officer. Each has over 20 years of experience in the industry.

 

Prorize Announces Results

 

AI-based revenue management technology, Prorize, announced it achieved 35% year-over-year growth for the third consecutive year. Prorize offers cloud-based Self Storage Revenue Optimizer to help operators maximize revenue and streamline pricing processes.

 

Absolute Storage Management Adds Two

 

Absolute Storage Management has added two properties to its management portfolio. They are in Franklin Park, Illinois, and Smart Storage in Lenexa, Kansas.

 

NAI Pfefferle Manages Wisconsin Sale

 

NAI Pfefferle brokered the sale of two storage facilities in Pulaski, Wisconsin.

 

IREGC Makes HR Moves

 

The Investment Real Estate Group of Companies has named Jack Fritsche chief operating officer and hired Matt Bilson as a financial analyst. Fritsche joined in 2023.

 

NSA Promotes Accounting Officer

 

National Storage Affiliates Trust promoted John Esbenshade to chief accounting officer from his previous role of senior vice president and controller.

 

Argus Broker Sells St. Louis Portfolio

 

Goldman Investment Advisors, an Argus broker affiliate, managed the sale of a three-property storage portfolio in the St. Louis, Missouri, market.

 

Superior Aims to Serve Storage

 

Superior Capital Advisors, based in Columbia, South Carolina, launched a new website platform providing resources for self storage property owners and investors.

 

Store Space Opens Two in Jacksonville

 

Store Space Self Storage opened its third and fourth locations in Jacksonville, Florida. Store Space is part of the Real Capital Partners family of companies.

 

NexPoint Makes Storage Offering

 

NexPoint launched NexPoint Storage VI DST offering, which includes two facilities in the Nashville, Tennessee, and Washington, D.C. areas. The properties will be managed by Extra Space Storage.

 

Cohen Refis Virginia Property

 

Cohen Investment Group refinanced Castleton Commerce Center, a self storage and flex-storage complex in Virginia Beach, Virginia, with the help of Eastern Union and a $51.5 million package.

 

FreeUp to Use Virtual Counter Platform

 

FreeUp Storage will integrate StoreEase’s Virtual Counter 3 technology platform across its portfolio in 13 states.

 

Meridian Closes Georgia Deal

 

Meridian Storage Group brokered the sale of Little House Self Storage in Warner Robins, Georgia.