... right buyer is one of the biggest challenges in the self-storage industry right now—even more difficult than pricing, says ... close in September. We pulled up Marcus & Millichap's 1H10 self-storage report for more local insight, and it says that approximately ...
... big addition into Georgia, acquiring a 10-property portfolio of self-storage facilities for $80M(including two in Florida and this one ... office.) The firm will now rebrand the facilities as SmartStop Self Storage properties, he says.
... is viewed as a core market by institutional self-storage investors who continue to aggressively pursue opportunities in ... interested in Willow Grove Self Storage. Ultimately it sold to Metro Storage, which has 11 other self-storage properties in metro Philly ...
... Centennial Rd was purchased to pursue another ground-up self-storage development opportunity (six buildings, 870 units this time ... '.) SSTI is a publicly registered self-storage REIT that currently owns four self-storage properties in Ontario totaling 3,695 ...
... last year. Altogether, there are more than 51,200 self-storage facilities in the United States totaling about 2B SF, with ... 1% of U.S. households rent space at a self-storage facility. Self-storage vacancy rates are forecast to increase slightly this year as ...
... about 1,100 units. As a CRE segment, self-storage has benefited from a rise in demand nationwide, which ... average apartment and decreasing homeownership levels. A third-quarter 2022 self-storage report from Cushman & Wakefield showed asking rents across the ...
... expect more demand for self-storage due to limited storage space in the typical apartment. Self-storage also has significantly lower ... growth.” Green Street anticipates the delivery of new self-storage facilities will peak in 2019, meaning institutional ...
Self-storage REIT Public Storage has been a cash cow for investors, ... 500 average. If that's not enough, Public Storage shares are up over 2,000% (!) over the ... to be released today. Like other REITs, Public Storage will be sensitive to Fed rate hikes, but ...
Self-storage may not be recession proof (people stuff cash in mattresses, not storage units), but it's certainly recession resistant, according ... end, they say. Many of the assets that Public Storage has purchased are bank foreclosures, which are cheaper to ...
... a partner and managing director of Boston Consulting Group. Public Storage, which has a market capitalization of $52B, is also undergoing ... than 3,300 facilities across the U.S., added 13 self-storage properties to its portfolio in the final quarter of the ...
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