West Coast to Manage Sound Storage

 

West Coast Self-Storage will manage the newly opened Sound Storage of Snohomish in Snohomish, Washington. 

 

 

 

NitNeil Opens Extra Space in Huntsville

 

NitNeil Partners opened a new property in Huntsville, Alabama. Extra Space will manage the property. 

 

Go Store It Promotes Bennett

 

Go Store It named Shon Bennett senior manager of business development and client relations as part of its third-party management platform expansion. 

 

Public Storage Sweetens Bid in Australia

 

The consortium that includes Public Storage has raised its takeover offer for Australia’s Abacus Storage King. The new offer values the firm at $1.42 billion, a roughly 15% premium over the initial offer. If a deal materializes, Public Storage and Ki Corp would own 50% each in the firm.

 

Urow Handles Florida, Texas Sales

 

Urow Real Estate brokered the following sales:

•    North Trinity Self-Storage in New Port Richey, Florida.
•    Safe Simple Storage in Wichita Falls, Texas. 

 

Boardwalk Buys in Kentucky

 

Boardwalk Development Group acquired its 39th facility, this time in Bowling Green, Kentucky. 

 

MV Investment Plans Kissimmee CubeSmart

 

MV Investment will develop a new storage facility in Kissimmee, Florida. CubeSmart will manage the property when it opens in the third quarter of 2026.

 

Citizen Storage Adds in Michigan

 

Citizen Storage acquired Grand Blanc Storage in Grand Blanc, Michigan. 

 

Centro Taps Absolute for Myrtle Beach Asset

 

Centro Self Storage acquired a new facility in Myrtle Beach, South Carolina. The facility will be managed by Absolute Storage Management. 

 

York Capital Starts Florida Construction

 

York Real Estate Capital began construction on a new storage facility in Lutz, Florida, with completion expected in Summer 2026.

 

10 Federal Expands Texas Site

 

10 Federal completed an expansion of its facility in Montgomery, Texas. The addition added 267 units.

 

Marcus & Millichap Handles Southern Sales

 

Marcus & Millichap brokered the following sales:

•    Cool Spaces Storage in Conroe, Texas.
•    Acorn Mini Storage in Boca Raton, Florida. The buyer was a private family in Florida.

 

Johnson Joins Storage Group 

 

Jessica Johnson has joined The Storage Group as director of marketing. The Storage Group is a digital marketing and software solutions provider.  

 

Calcumate Unveils Location-Aware Size Guide

 

Calcumate launched CalcumateGEO, a location-aware size guide for multi-store operators that gives customers real-time, store-level unit size recommendations and connects customers to the relevant booking page. 

 

Talonvest, Clear Sky Team Up for Loan

 

Talonvest Capital closed a $25 million loan on behalf of Clear Sky Capital for a new storage facility in Vista, California. 

 

StorageCafe: Investors Seeking Undersupply

 

According to Storage Café’s Q1 sales report, 8 of the 10 best-performing cities had below-average supply. The data shows investors are prioritizing scarcity over scale. Non-REIT buyers dominated the acquisition landscape, accounting for 85% of transactions in the first quarter of 2025. 

 

Yardi: National Rates Stabilizing

 

National storage rates fell .1% year over year in June, signaling stabilization following earlier declines. Steadying occupancy levels have encouraged REITs to resume rent evaluations, according to Yardi Matrix. 

 

Spartan Outlines Early Success

 

Spartan Investment Group acquired eight properties and raised over $35 million in capital in the first half of the year. The group has plans to acquire 13 properties in the second half of the year.

 

Moove In Adds Pennsylvania Asset

 

Moove In Self Storage opened a new facility in Red Lion, Pennsylvania.