John Egan

CubeSmart Expects Continued Boon from New York Portfolio

The company is bullish about NYC's return to normalcy, and expects their recent acquisitions to create good demand.

Extra Space Survives 2020 with Record High Occupancy

At the end of 2020, Extra Space same-store occupancy stood at 94.8%, signaling a record high.

Demand From Remote workers boosted Public Storage in 2020

People freeing up space for work-from-home setups is likely one key driver of recent spike in self storage demand.

Spartan Investment Group Launches New Storage Brand Identity

The company is creating a single national brand called FreeUP Storage to streamline each facility in their portfolio.

Pinnacle Storage Properties Targets Expansion Projects with New Hire

The company aims to work on existing facility expansion projects in the 2021 year with the hire of Bill Lierman.

Billion Dollar Deal Sets Stage for Self Storage Acquisition Activity in 2021

Blackstone's $1.2 billion purchase of Simply Self Storage has opened the acquisition floodgates.

CubeSmart Targets Acquisitions as 2020 Comes to a Close

CubeSmart is on track to spend nearly 3 times more on self storage acquisitions this year vs last.

Life Storage Beefs up Fulfillment Service as e-Commerce Rises

The REIT's Warehouse Anywhere platform has teamed up with Deliverr to open two micro fulfillment centers.

Public Storage Seizes Buying Opportunities to Expand Portfolio

Amidst the ongoing pandemic, Public Storage is taking aim to significantly expand their national footprint.

Extra Space Storage Exceeds Expectations in the Pandemic-Era

For Extra Space Storage, anticipated headwinds from the coronavirus pandemic have shifted to tailwinds.

Denver Investment Firm Pursues $100 Million Self Storage Fund

After acquiring over 3,000 self storage units in their first fund, VanWest now eyes an even larger portfolio.

Self Storage Startup Seeks to Assemble $1 Billion-Plus Portfolio

The investors plan to acquire 100-200 facilities primarily located in tertiary markets.

CubeSmart’s Contactless Platform Accounts for a Quarter of Rentals

As for the rest of 2020, Chris Marr (CEO) and Tim Martin (CFO) say they are “cautiously optimistic.”

Life Storage Witnesses Big Surge in Use of Contactless Rentals

Who knew Life Storage would develop a contactless platform just 2 years ahead of a global pandemic?

RV Storage Surges as Americans Hit The Road

A surge in RV purchases and rentals have created a window for storage operators to expand storage options.

Berkshire Hathaway Enters Storage Sector With Senior Hire

Sparefoot Storage Beat interviews Cameron Vale who recently joins the newly formed Berkshire Hathaway Storage Group.

L.A. Halts Rent Collection For Pandemic-Affected Self Storage Tenants

Should self storage tenants in Los Angeles who've been hurt by the pandemic, be allowed to delay payments?

Public Storage Eyes Land and Facility Purchases in 2020

CEO Joe Russell said Public Storage is keeping an eye this year on opportunities to purchase raw land.

Self Storage Industry Reacts to the Pandemic

As an industry, self storage is taking two approaches to the coronavirus pandemic — compassion and caution.

Americans Are Moving Less. What Does This Mean For The Self Storage Industry?

Panic?! Fear?! Eh, maybe not.

Will 2020 be a Year of Transition for Self Storage?

CubeSmart CEO states the industry will use 2020 to absorb the new supply delivered over the last several years

SecurCare Self Storage to Merge with National Storage Affiliates

The merger is valued at over $200 million

Public Storage Places Big Bid on Austalia's National Storage

The bid is apparently superior to the one Gaw Capital placed just last month.

Tennessee Real Estate Developer Launches Self Storage Division

The group is expanding their real estate strategy to include the self storage asset class.

Self Storage Lender NexPoint Real Estate Files for IPO

Before the IPO, the company plans to assemble a portfolio of commercial real estate loans, bonds, and investments.

New-Builds Predicted To Lead 2020 Self Storage Acquisitions

Expected oversupply and financial underperformance are causing a scare for owners of new storage facilities.

You Still Can't Build Large Self Storage Facilities In This Wisconsin Town

Where we might typically see a cap on the number of facilities, here we find a cap on the number of units.

Extra Space Storage Shows Commitment to Environmental Sustainability

The storage company goes the extra mile when it comes to eco-friendly practices and sustainability.

Life Storage's Rent Now Platform Aids Their 2020 Forecast

Life Storage embraces technologies that can drive down overhead for each facility.

Public Storage & Extra Space Foreshadow Shifts In New Supply

Common consensus is that delivery of new supply should start tapering off in 2020.

Industry Veteran Hired to Assemble Big Self Storage Portfolio

James Hanrahan recently joined The Beverly Park Group as Managing Principal and Director of Self Storage Aqcquisitions

Mako Steel Takes Aim at East Coast With Help From New Investor

The Mako company could grow 25-40% in the next 12 months, they'll just need to find an east coast office first.

Would a Recession Slam Self Storage, or Just Graze it?

Relative to many other businesses in the broader economy, storage remains moderately resilient.

Tron Jordheim: Before A Looming Recession, Its Sell or Build Time

People who are ready for a 15 percent loss in occupancy or a 20 percent loss in gross revenue should OK

Public Storage Aims To Maintain A Hungry Appetite

An appetite for acquisitions that is. CEO Joe Russell expects the stream of acquisitions to be steady through 2019.

Is S&P’s Cautiousness About Self Storage CMBS Warranted?

Caution primarily because of the short-term nature of storage leases and the growing supply of facilities. Warranted?