Storage King Buys North Carolina Facility

 

Andover Properties purchased a storage facility in Rockingham, North Carolina, that was rebranded to Storage King USA.

 

 

 

IREGC Adds Pennsylvania Facility

 

The Investment Real Estate Group of Companies will open Shiloh Self Storage in Dover, Pennsylvania, currently under construction.

 

CubeSmart to Manage Hearthfire Portfolio

 

CubeSmart will assume management of a 15-property portfolio held by Hearthfire Holdings based in Philadelphia. The properties are across Delaware, Illinois, Indiana and Pennsylvania.

 

Absolute Reaches 150-Facility Milestone

 

Absolute Storage Management reached the milestone of 150 storage facilities managed across the southeastern and midwestern U.S.

 

MV Plans Florida Asset

 

MV Investment is building a new self storage facility in Wesley Chapel, Florida, within the Wiregrass Ranch master-planned community. CubeSmart will manage the property.

 

HPI Closes Storage Fund

 

Texas-based real estate investment firm HPI closed HPI Self Storage Fund IV with commitments in excess of $58 million. The fund will target a dozen storage assets throughout the U.S.

 

West Coast Launches App

 

West Coast Self-Storage launched the West Coast Self-Storage app available to all 136 locations and offers customers a way to pay their bill, manage their account, and open gates and doors from their mobile device.

 

Yardi: Rate Declines Slowing

 

The pace of advertised rate declines is expected to slow in the coming months, according to the latest Self Storage National Report from Yardi Matrix. Annualized same store advertised asking rates was $16.32 nationally in January, a 1.2% decrease year-over-year.

 

Prorize Unveils Operator’s App

 

Prorize released the Self Storage Revenue Optimizer mobile app. The technology enables operators to gain real-time access to performance metrics.

 

SecureSpace Buys Virginia Property

 

SecureSpace Self Storage acquired a facility in Arlington, Virginia, that was previously branded StorQuest Nelson Self Storage.

 

Talonvest Closes SoCal Loan

 

Talonvest Capital secured $14.4 million in financing for SoCal Self Storage, for properties in Thousand Oaks and Torrance, California.