Transactions and Deals: February 14, 2025

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Transactions and Deals: February 14, 2025

Laura Williams-Tracy posted on 2/14/2025 11:54:00 AM

Self Storage Plus Opens in Virginia

Arcland Property Company opened a new facility in Winchester, Virginia. Self Storage Plus will manage the property.

SAM Promotes Deems, Forino

Storage Asset Management promoted Dave Deems to senior business development manager, and Bryan Forino to director of finance.

Hines, CubeSmart Fund Dallas Venture

Newmark managed a recapitalization and new joint venture between Hines and CubeSmart for a 14-property storage portfolio in the Dallas-Fort Worth area.

Bertelsen Joins StoragePRO

Kevin Bertelsen joined StoragePRO Management as vice president of client investment management. Bertelsen comes from CBRE.

Brock Named MakoRabco Sales Manager

Jim Brock was named regional sales manager for MakoRabco’s mid-central territory overseeing Indiana, Ohio, Kentucky, Virginia and West Virginia.

Bluebird Lands in Quebec

Bluebird Self Storage and StoreWest Bluebird Partners opened Bluebird Self Storage – Boulevard Metropolitan E in Quebec, Canada.

MV Developing in Punta Gorda

MV Investment is building a new storage facility in Punta Gorda, Florida, that is expected to deliver in early 2026. CubeSmart will provide management.

Sunny Side Harnesses the Sun

Catalyst Power Holdings has partnered with Sunny Side Storage to develop rooftop and ground solar systems at facilities in Ware, Massachusetts.

CBRE Manages Sales

CBRE brokered the following sales:

• Red Carpet Self Storage in Murfreesboro, Tennessee, to HPI Self Storage Investments for $15.55 million.
• Three-property portfolio in Arkansas to Spartan Investment Group for $23.8 million.

10 Federal Releases Results

10 Federal Storage released full-year 2024 results including adding 27 properties to the portfolio, 7 through acquisition and 20 through management. Offering 3 earned 29.9% NOI and exited in Q4 achieving a 25.96% IRR. Offering 4 achieved 10.4% increase in same-store revenue.

Pink Storage Expands in UK

Pink Storage will open a location Telford, United Kingdom, the company’s 20th facility.

| Categories: | Tags: Self Storage Plus, Storage Asset Management, CubeSmart, StoragePRO Management, MakoRabco, Bluebird Self Storage, MV Investment, Sunny Side Storage, Solar, CBRE, 10 Federal Storage, Pink Storage | View Count: (186) | Return

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About the Author

I am a regular contributor to The Charlotte Business Journal, covering a wide variety of industry news for the weekly publication. The Business Journal was my first client when I began freelancing 10 years ago, and I continue to write for the Journal’s weekly reports and special publications.

I contribute to SSA Magazine, a trade association magazine, and Profile magazine. Over my career I have written for Business North Carolina magazine; North Carolina magazine (a publication of the North Carolina Chamber); USAirways magazine and other publications produced by Pace Communications; Health Living magazine; and The Philanthropy Journal.

For corporate and nonprofit clients I provide copywriting services for marketing materials, video scripts and press releases and deliver media relations services. I also manage ongoing communications through organizational newsletters.

laura@lwtcommunications.bz

Transactions and Deals: February 14, 2025

Self Storage Plus Opens in Virginia

Arcland Property Company opened a new facility in Winchester, Virginia. Self Storage Plus will manage the property.

SAM Promotes Deems, Forino

Storage Asset Management promoted Dave Deems to senior business development manager, and Bryan Forino to director of finance.

Hines, CubeSmart Fund Dallas Venture

Newmark managed a recapitalization and new joint venture between Hines and CubeSmart for a 14-property storage portfolio in the Dallas-Fort Worth area.

Bertelsen Joins StoragePRO

Kevin Bertelsen joined StoragePRO Management as vice president of client investment management. Bertelsen comes from CBRE.

Brock Named MakoRabco Sales Manager

Jim Brock was named regional sales manager for MakoRabco’s mid-central territory overseeing Indiana, Ohio, Kentucky, Virginia and West Virginia.

Bluebird Lands in Quebec

Bluebird Self Storage and StoreWest Bluebird Partners opened Bluebird Self Storage – Boulevard Metropolitan E in Quebec, Canada.

MV Developing in Punta Gorda

MV Investment is building a new storage facility in Punta Gorda, Florida, that is expected to deliver in early 2026. CubeSmart will provide management.

Sunny Side Harnesses the Sun

Catalyst Power Holdings has partnered with Sunny Side Storage to develop rooftop and ground solar systems at facilities in Ware, Massachusetts.

CBRE Manages Sales

CBRE brokered the following sales:

• Red Carpet Self Storage in Murfreesboro, Tennessee, to HPI Self Storage Investments for $15.55 million.
• Three-property portfolio in Arkansas to Spartan Investment Group for $23.8 million.

10 Federal Releases Results

10 Federal Storage released full-year 2024 results including adding 27 properties to the portfolio, 7 through acquisition and 20 through management. Offering 3 earned 29.9% NOI and exited in Q4 achieving a 25.96% IRR. Offering 4 achieved 10.4% increase in same-store revenue.

Pink Storage Expands in UK

Pink Storage will open a location Telford, United Kingdom, the company’s 20th facility.

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