Springer to Succeed Margolis as Extra Space CEO

Noah Springer, president of Extra Space Storage, will become the company’s CEO at the start of 2027. Current CEO Joe Margolis will retire at the end of the year and serve as an advisor to the board of directors. Springer joined Extra Space in 2006 and developed, led and grew the company’s third-party management platform, which today is the sector’s largest. Margolis has served as CEO since 2017.

"It has been a privilege to lead the Extra Space Storage team over the past decade," said Margolis. "I am deeply grateful for the opportunity to work alongside such an extraordinary team, who have made Extra Space the best company in the industry. Noah Springer is ideally prepared and fully ready to lead the company into the next chapter of its 50-year story of growth and success. "

 

Wentworth Opens Two Arizona Developments

 

Wentworth Property Company opened two newly developed storage facilities in Laveen and Buckeye, Arizona. Both are managed by Public Storage.

 

Meridian Brokers Sun Portfolio in Alabama

 

Meridian Storage Group brokered the sale of the Sun Self Storage portfolio in the Auburn-Opelika, Alabama, market to Boardwalk Development Group. The portfolio represents one-third of Lee County, Alabama’s existing storage inventory with seven properties. Steve Benson founded Sun Self Storage in 1983. 

 

SSM Redesigns its Site Walkthrough Module

 

Self Storage Manager released its redesigned Site Walkthrough Module. Built directly into the SSM Cloud platform, the module lets operators conduct facility inspections, document issues, create work orders and communicate with tenants from a single connected mobile experience, even in areas with poor or no cellular service. 

 

Martin to Lead Brokerage for Lindsey

 

Kirk Martin has been named director of brokerage for Lindsey Self Storage Group. Kirk joined the firm in 2021.

 

U-Haul Opens Arkansas Storage

 

U-Haul has opened a self storage facility in Hot Springs, Arkansas. 

 

Gorden Group Sells Nevada Asset

 

The Gorden Group, part of Argus Self Storage Advisors, brokered the sale of J&J Mini Storage in Fallon, Nevada, to a local investor.

 

Avid Storage Opens in Texas

 

AVAD Capital and Real King Commercial broke ground on a new storage facility in Humble, Texas. The facility will be branded Avid Storage. 

 

Midcoast Sells North Carolina Facility

 

Midcoast Properties brokered the sale of Lock & Go Self Storage in Hickory, North Carolina. 

 

SAM Reports Q2 Operating Results

 

Storage Asset Management reported second quarter 2026 same-store operating results with the following highlights: Same-store revenue grew 2.8% year-over-year; same-store NOI grew 2.6% year-over-year, 46 new stores were added to management through Q2.

 

Marcus & Millichap Sells in Texas, Pennsylvania

 

Marcus & Millichap brokered the following sales:

•    Public Storage (managed) in Fort Worth, Texas, to Sundance Bay, a real estate private equity company.
•    Valley Forge Self Storage in Phoenixville, Pennsylvania, to Manas Equities. 

 

StorageMart Releases Q2 Results

 

StorageMart and Manhattan Mini Storage, the largest privately held self storage company, announced Q2 operating results, including same-store revenue growth of 4.2% and same-store NOI of 5% for the quarter. 

 

Lindsey Brokers Arkansas Transaction

 

Lindsey Self Storage Group brokered the sale of Landmark Self Storage in Little Rock, Arkansas, to a private buyer.

 

Franklin Street Handle’s Vero Beach Sale

 

Franklin Street brokered the sale of Extra Space Storage in Vero Beach, Florida, to private investor Kirk Johanson from Zack Widmann. 

 

Southeast Brokers Two South Carolina Trades

 

Southeast Self Storage Brokers handled the following sales: 

•    Coastal Storage Concepts in North Myrtle Beach, South Carolina, to Merit Hill Capital.
•    Patina Storage in Piedmont, South Carolina, to Highline Storage Partners.

 

California Facility Gets Financing 

 

Marcus & Millichap Capital Corporation arranged $7.38 million in financing for Beaumont RV and Self Storage in Beaumont, California.