With the demand for self storage surging and commercial vacancies at record highs, Neighbor takes action.
Acquisitions
InSite Property Group Winds Down 2020 With Two Big Storage Deals
Both deals took place in California and each storage facility will be operated by SecureSpace.
CubeSmart Targets Acquisitions as 2020 Comes to a Close
CubeSmart is on track to spend nearly 3 times more on [self storage](https://www.radiusplus.com/keyword/self-storage) acquisitions this year vs last.
Andover Properties Acquires a Class-A 91K Square Foot Facility
The updated facility is located in Euless Texas and recently expanded to include 96 outdoor parking spaces.
Public Storage Seizes Buying Opportunities to Expand Portfolio
Amidst the ongoing pandemic, Public Storage is taking aim to significantly expand their national footprint.
InSite Property Group acquires Self Storage Plus in Lanham, Maryland
The expanded property offers approximately 100,000 square feet of rentable space.
SmartStop Self Storage REIT to Acquire Strategic Storage Trust IV for $370 Million
The all-stock transaction will allow SST IV to merge into a newly-formed subsidiary of SmartStop.
StorageVault to Acquire 14 Storage Locations for $220 Million
The company has agreed to acquire 13 self storage facilities and 1 parcel of vacant land from six vendor groups.
NexPoint Completes Acquisition of Jernigan Capital, Outlines Growth Plan for NexPoint Storage Platform
JCAP will change its corporate name to NexPoint Storage Partners and will do business under that name going forward.
Extra Space Storage (EXR) Makes $300 Million Preferred Equity Investment in Jernigan Capital (JCAP)
Investment to provide a 10.7% yield and result in the addition of 37 stores to the Extra Space Storage Platform