The company is bullish about NYC’s return to normalcy, and expects their recent acquisitions to create good demand.
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Extra Space Survives 2020 with Record High Occupancy
At the end of 2020, [Extra Space](https://www.radiusplus.com/keyword/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
Discover how Blackstone’s $1.2 Billion acquisition of Simply Self Storage set off a surge in self-storage acquisitions in 2021.
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.
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.”
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](https://www.radiusplus.com/keyword/self-storage) is taking two approaches to the [coronavirus pandemic](https://www.radiusplus.com/keyword/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](https://www.radiusplus.com/keyword/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 has recently joined The Beverly Park Group as aManaging Principal and Director of Self Storage Aqcquisitions. Growing their team and resources.
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?