AVAD, Etude Acquire 9 Properties

 

AVAD Capital and Etude Capital acquired a nine-property portfolio from Extra Space Storage. The facilities are in the Odessa and Midland, Texas, markets. The properties will be managed by Avid Storage.

 

 

 

Boardwalk Opens Georgia Facility

 

Boardwalk Development Group opened a new facility in Canton, Georgia. The property is managed by Extra Space Storage.

 

IREGC Opens Connecticut Asset

 

The Investment Real Estate Group of Companies will open a new facility in Norwich, Connecticut. IREGC operates facilities under the Moove In Self Storage brand.

 

REITs Set to Release Results

 

The public REITS will soon release results for the three months and year ended Dec. 31, 2024. Here’s the schedule:

•    Public Storage will release results Tuesday, Feb. 18 after market close.
•    Extra Space will release results Tuesday, Feb. 25 after the market close.
•    National Storage Affiliates will release results Feb. 26 after the market close.
•    CubeSmart will release results Thursday, Feb. 27 after the market close.

 

CubeSmart Promotes Six Executives

 

CubeSmart recently promoted six key executives to the following positions: Amy Cross (executive vice president, technology, data science and marketing); Guy Middlebrooks (executive vice president, operations); Brett Hoffman (senior vice president of store operations); Daniel Ruble (senior vice president of investments); Devin Crow (vice president of third party management); and Bill Donovan (vice president of information technology).

 

Highline Names Levy President

 

Highline Storage Partners promoted Scott Levy to president and chief investment officer.

 

MV Developing Florida Property

 

MV Investment will develop a new storage facility in Jacksonville, Florida, with expected completion in early 2026.

 

Snapbox Opens Maryland Store

 

Snapbox Self Storage, a Go Store It company, opened a new facility in Owings Mills, Maryland.

 

Newmark Brokers Sales

 

Newmark brokered the following sales:

•    Storage assets in Clifton and Hillside, New Jersey.
•    A newly built facility in Orlando, Florida.
•    Storage facility in Miami, Florida.

 

Lindsey Arranges North Carolina Sale

 

Lindsey Self Storage Group brokered the sale of NC Self Storage in Rockingham, North Carolina, to a private buyer.

 

XPS Integrates with Cubby

 

XPS Solutions has integrated with Cubby. The partnership provides facility owners with greater flexibility in selecting management software and contact center providers.

 

CushWake Sells Assets to Westport

 

Cushman & Wakefield completed the sale of a portfolio of two StorQuest-managed assets in Carson and Carlsbad, California, to Westport Properties.

 

Talonvest Assembles Bridge Loan

 

Talonvest Capital arranged a $49.5 million bridge loan for Volta Global for six properties in Texas, North Carolina and Alabama.

 

U-Haul Gains New Dealer

 

JC’s Mobile Tires and Roadside Assistance in Charlotte, North Carolina, signed on as a U-Haul neighborhood dealer.