Harvest JV Buys Bay-Area Assets

 

A joint venture between Harvest Properties and New York Life Real Estate Investors acquired Vallejo Self Storage and Best Self Storage Sonoma, both in the San Francisco Bay area of California, for $44.2 million. JLL brokered the sale.

 

 

 

LTP Opens 3rd Gettysburg Location

 

LTP Rentals has opened a third location in Gettysburg, Pennsylvania, and achieved 25% occupancy within 30 days.

 

Steelcreek Portfolio Sells in Texas

 

Versal brokered the sale of the 8-property Steelcreek Self Storage portfolio in Texas. The seller was Steelcreek Management and the buyer is based in Florida.

 
West Coast Opens in Palm Springs

 

West Coast Self-Storage opened a new facility in Palm Springs, California. West Coast manages over 156 locations.

 

Safeguard Bets on Connecticut

 

Safeguard Self Storage opened a new facility in West Haven, Connecticut, its second in the state.

 

Avid Storage Planning 37th Location

 

AVAD Capital and Read King broke ground on an Avid Storage facility in Conroe, Texas, with completion expected in 2026. It will be the 37th location under the Avid Storage brand.

 

Management Firm Rebrands to Packed Planet

 

The Nicholson Companies has rebranded AAAA Self Storage Management to Packed Planet Self Storage Management.

 

Yardi: Construction Starts Fell in 2024

 

Self storage construction is decelerating with full-year 2024 construction starts falling 22% from the prior year, according to Yardi Matrix.

 

Storage Units Capital Opens in South Carolina

 

Storage Units Capital opened a storage facility in Greenville, South Carolina, the company’s third in the state.

 

EquiCap Brokers Wisconsin Portfolio

 

EquiCap Commercial brokered the sale of the StorSafe of Wisconsin portfolio, a five-property portfolio located across North Milwaukee, Port Washington, Slinger, and West Bend, Wisconsin.

 
Storage Group Unveils AI Assistant

 

The Storage Group launched Aiden Chat, an AI virtual assistant. The tool captures leads and assists tenants around the clock, delivering personalized storage unit and moving suggestions.

 

Colliers Brokers California Asset

 

Colliers brokered the sale of Hannigan’s Mini Storage in Hollister, California, to National Storage Affiliates for $6.5 million. The seller was Mechanics Bank as a trustee for the John A. Maki Trust. The property will be rebranded under their Right Space Storage brand.

 

1784 Secures Construction Loan

 

Talonvest Capital arranged $66 million in construction loans for 1784 Holdings, LLC, for projects in North Hollywood, California, and Bordentown, New Jersey.

 

Buchanan Street Buys C/O in Las Vegas

 

Buchanan Street Partners acquired a facility at certificate of occupancy in Las Vegas, Nevada, for $21.8 million.