Self Storage Sales & Acquisitions | Mini-Storage Messenger

New Details on the Public Storage Acquisition of Simply Self Storage

It’s been a busy couple of weeks for self storage mergers and acquisitions. On Monday, Public Storage – the most active private-market acquirer since 2019 – and Blackstone Real Estate Income Trust, Inc. (BREIT) announced an agreement in which Public Storage will acquire Simply Self Storage (Simply). The Simply portfolio comprises...

New Details About the Extra Space/Life Storage Merger

Following approval of shareholders from both companies, the finalization of the Extra Space and Life Storage merger last week resulted in a new leader when it comes to the title of “largest self storage operator in the country.” This was one of the largest merger and acquisitions (M&A) deals in the...

Public Storage Targets Life Storage

On Feb. 5, 2023, Public Storage made it known that the publicly traded real estate investment trust (REIT) was interested in acquiring the entire portfolio of Buffalo, N.Y.-based Life Storage. The press release, which was distributed through various online newswire services, revealed that Public Storage has been pursuing the possibility of...

Strategy Shift: Structuring Transactions In The COVID Era

2020 has ushered in a dramatically different landscape for not only the self-storage industry but the entire economy as well. As brokers, we may sometimes forget that our world of real estate transactions is quite unfamiliar to our clients when they decide to sell their properties. As self-storage owners and investors...

Capital Markets And COVID-19: How Bad Will the Damage Be?

The Descending Economy

Is Plunging Performance Problematic? At the moment, descent is not a problem. However, it is a situation most segments of the economy are beginning to confront—that we are over the peak and heading down the other side of the curve. Self-storage is slipping into the same trend line. After years of...

What It’s Worth?

Determining The Real Value Of A Property Operating a self-storage business also means owning a property—a physical building where tenants rent space. After becoming established, the owner/operator typically becomes mostly concerned with the day-to-day tasks of servicing customers and meeting payroll. But equally important is the need to keep tabs on...

Pawns Of Price

Stalemates In The Sales Process According to one source, there may be $400 million in self-storage properties that have sat on the sales market for more than two years. By all accounts, storage facilities have never been worth more and experts generally believe self-storage fundamentals remain strong, yet these properties are...

Don’t Be Hasty!

The Best Pre-Sale Preparations Opting to sell your self-storage facility is not a decision to take lightly. There are many factors and options to consider that should be discussed with your business partners, accountants, and/or financial advisors before you decide to sell. While some storage owners and operators look to cap...

Broker Basics

Industry Experience Adds Value If you are planning to sell your property, you may assume a commercial real estate broker is sufficient. But have you considered using a broker who specializes in self-storage? The real estate market is complex. You should expect any broker to help you navigate the pitfalls of...

Buy Or Build?

Investment Insight For The Best Deals Back in the spring of this year, Sovran Self Storage, Inc., of Williamsville, N.Y., announced it would acquire LifeStorage, LP, a privately-owned self-storage operator for about $1.3 billion. In the deal, Sovran will end up with 84 LifeStorage facilities and a purchase contract to acquire...

The Price Of Safety

Fire Code Sparks Costly Change In Charleston, S.C., a memorial, appropriately called the Charleston Nine site, protects the sacred ground where the Sofa Super Store, a commercial furniture showroom and warehouse facility, once stood. On June 18, 2007, almost a decade ago, a massive fire—fueled by burning furniture that produced toxic...

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