Big Moves in the Self-Storage Sector

If you've been sleeping in the self-storage industry, it's time to wake up and smell the real estate brew! IPC Alternative Real Estate Income Trust, Inc. and SmartStop Self Storage REIT, Inc. have recently made headlines with their big-money moves.

Let's unpack these deals one box at a time:

First, IPC Alternative Real Estate Income Trust dropped a cool $25.5 million to snag four self-storage properties scattered across Atlanta, GA, and Montgomery, AL. With a total of 250,610 square feet and 2,275 units (yep, 1,810 of those are climate-controlled—because even your stuff deserves to chill!), this deal is a heavyweight addition to IPC's portfolio. These properties were scooped up via a 100% acquisition of beneficial interests in Self-Storage Portfolio V DST, with a tip to the Illinois-based Inland Private Capital Corporation for the assist.

Meanwhile, not to be outdone, SmartStop Self Storage REIT leaped into the Colorado Springs, CO market. They've claimed a facility boasting 64,700 square feet of rentable space, 450 units, and an extra 100 spots just for parking. This location isn’t just a bunch of lockers—it comes equipped with round-the-clock video surveillance and drive-up convenience, topped off with a two-story leasing office featuring 30 climate-controlled office suites. Fancy, right?

🔒📚 Hi! I'm Eric Manning, a self-storage operations nerd and lifelong learner. 🗝️ 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! 📦😊🔑