INDUSTRY NEWS & RESOURCES
More about Bancap Self Storage Group and the Self Storage Industry
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Lender Foreclosed Self Storage Facility in California Sold
Press Release - January 2017
The property sold for over $3.3 million and closed on December 30, 2016...
National Storage Affiliates Trust Announces Formation of $630 Million Joint Venture to Acquire iStorage Portfolio
Business Wire - September 2016
National Storage Affiliates Trust “NSA” today announced the formation of a joint venture with a major state pension fund, advised by Heitman Capital Management LLC....
SmartStop Self Storage buys portfolio for $145 million
The Spare Foot Storage Beat - March 2015
SmartStop Self Storage is in the final stages of purchasing a 32-property portfolio for $145 million — the largest acquisition ever made by the family of non-traded public REITs....
SmartStop's Affiliated REITs to Acquire 32 Self-Storage Properties for $145 Million
Inside Self Storage - March 2015
Strategic Storage Trust II Inc. and Strategic Growth Trust Inc., the real estate investment trusts (REITs) affiliated with SmartStop Self Storage, recently acquired 32 facilities totaling approximately 18,000 units and 1.9 million net rentable square feet of storage space from commercial real estate investor DSI Properties Inc. for $145 million....
Self-Storage REITS in $145M Deal
Orange County Business Journal - March 2015
Two real estate investment trusts affiliated with Ladera Ranch-based SmartStop Self Storage have bought 27 self-storage facilities and agreed to acquire five others for a total of $145 million....
SmartStop's Affiliated REITs to Acquire 32 Properties Located Throughout the United States for $145 Million
Market Wired - March 2015
SmartStop Self Storage's (SmartStop®) two affiliated REITs (Strategic Storage Trust II, Inc. and Strategic Growth Trust, Inc.) recently acquired 27 of the 32 facilities in a portfolio transaction totaling approximately 18,000 units and 1.9 million net rentable square feet with an aggregate purchase price of $145 million. The remaining five facilities are expected to close in the first quarter of 2015....
iStorage Affiliate Buys Concord Self Storage in Concord, California
Inside Self Storage - January 2015
A private limited-liability company managed by Florida-based self-storage operator iStorage has acquired Concord Self Storage in Concord, Calif., for $24 million. The single-story property at 1597 Market St. encompasses more than 155,000 net rentable square feet in more than 1,300 units and vehicle-storage spaces on 8.5 acres of land, according to a press release from Bancap Self Storage Group Inc., the commercial real estate firm that brokered the deal.....