π Behind Closed Doors: Revealing the Secrets of Self-Storage Success π€«
ποΈ From mega-deals to comedy clubs, the self-storage industry is packed with action. π Join us as we unpack the latest developments in this thrilling sector. π¦πΌπ
π In an unexpected twist, Manhattan Mini Storage has transformed six storage units into comedy clubs, breathing new life into the self-storage scene. This innovative move and the launch of their comedy video series "Manhattan Mini-Sets" showcase the industry's ability to adapt and entertain. But the laughs don't stop there β from multi-million dollar acquisitions to strategic partnerships, the self-storage world is buzzing with activity. πποΈπ‘
- Futura and Linkvest Capital have birthed a brand-spanking-new baby, Nona Cove Self Storage, in the magical land of Orlando, FL. Extra Space Storage has graciously agreed to change its diapers. Source
- In a classic tale of "if you can't beat 'em, buy 'em," Shurgard is snatching up British rival Lok'nStore for a whopping Β£378M to mark its territory in the South East and Manchester, UK. Source
- 10 Federal is living the high life after surpassing its $100M fundraising goal in its 4th self-storage offering. Robots are the key to success. Source
- Spartan Investment Group (aka FreeUp Storage) has claimed a slice of Port Wentworth, GA, with plans to erect a self-storage Colosseum by the end of 2024. Source
- The public self-storage REITs are gearing up for their Q1 2024 earnings calls. Grab your popcorn and get ready for some thrilling spreadsheet action! Source
- Devon Self Storage, the Inland Real Estate Group's trusty sidekick, has scored its 3rd management gig in GA. Way to go, Devon! Source
- Versal played matchmaker in Houston, TX, helping Sunbelt Storage II and RecNation seal the deal on A&B Boat and RV Storage. Love is in the air! Source
- Extra Space Storage and OpenTech Alliance are taking their relationship to the next level with an expanded auction review services agreement. The secret to a lasting partnership? 1,000 Life Storage sites. Source
- Stor-It Self Storage is planting its 6th flag in the sandy beaches of Port Orange, FL. Welcome to the party, Stor-It! Source
- U-Haul is staking its claim in Junction City, KS, with a shiny new facility set to open in 2026. Start packing, folks! Source
- Shimon Kanter is movin' on up at Go Store It! Self Storage, thanks to a well-deserved promotion from Madison Capital Group. You go, Shimon! Source
- Argus Self Storage Advisors played cupid in New Ulm, MN, setting up New Ulm Storage with its new local group beau. Ain't love grand? Source
- IPC Alternative Real Estate Income Trust went on a shopping spree, snagging a $25.5M portfolio of 4 self-storage properties in Atlanta, GA, and Montgomery, AL from Inland Private Capital Corporation. Treat yo'self, IPC! Source
- SmartStop Self Storage REIT is planting its flag in Colorado Springs, CO, with a shiny new 64,700 sq ft facility, complete with 450 units and 100 parking spaces. Welcome to the neighborhood, SmartStop! Source
- Manhattan Mini Storage is bringing the laughs with "Manhattan Mini-Sets," turning storage units into comedy clubs for a hilarious video series. Who says storage can't be funny? Source
There you have it, folks! Until next time.
ππ Hi! I'm Eric Manning, a self-storage operations nerd and lifelong learner. ποΈ My articles blend industry know-how with a dash of humor and wisdom. Whether you're a storage newbie or a pro, join me as we explore the world of storage, one witty insight at a time! π¦ππ