Self Storage News
Commercial Real Estate News
Calare Properties and Equity Resource Investments Sell Repositioned 103,300-SF Self-Storage and Industrial Asset in Malden, MA
Store Space Self Storage and Temerity Strategic Partners Form $1.2 Billion Programmatic Self-Storage Joint Venture
Marcus & Millichap Brokers Sale of 717-Unit Extra Space Storage Facility in Malden, Massachusetts
Marcus & Millichap Closes Six-Property, 537,962-Square-Foot Self-Storage Portfolio Sale in Oregon
Ares Management Acquires Rockville Self Storage From Washington Property Company, SecureSpace to Operate
JLL Arranges $140 Million Refinancing for Ardent Companies and StepStone Real Estate Eight-Property Self-Storage Portfolio

Talonvest Capital Secures $47.7 Million Permanent Financing for Clark Investment Group and The Jenkins Organization's Six-Property Texas Self-Storage Portfolio
Talonvest Capital has secured $47.65 million in permanent financing for a six-property self-storage portfolio owned by Clark Investment Group and The Jenkins Organization across five Texas markets. The floating-rate bank loan features five one-year extension options, interest-only payments, and no prepayment penalties.

Buchanan Street Partners Acquires Reno Self-Storage Facility for $20.2M with New York Life Financing, CBRE Brokers Deal
Buchanan Street Partners has acquired Interstate U-Stor – Ambassador, a 107,872-square-foot self-storage facility in Reno, Nevada, for $20.2 million. New York Life Insurance Company provided acquisition financing, and the deal was brokered by CBRE.

MLG Capital Launches Fund VII With $400M Target Equity Raise for Diversified Private Real Estate
MLG Capital has launched MLG Private Fund VII, targeting $400 million in equity from accredited investors to build a diversified portfolio of institutional-quality real estate. The fund features an 8% preferred return and a European waterfall structure designed to prioritize investor returns before the sponsor participates in profits.

Colliers Brokers $18.4 Million Sale of Sunset Self Storage in Puyallup to BVDSS Puyallup Owner LLC
Colliers has arranged the $18.4 million sale of Sunset Self Storage, a newly constructed Class A self-storage facility in Puyallup, Washington. The transaction involved seller Mitchell RE Holdings LLC and buyer BVDSS Puyallup Owner LLC, with Colliers representing both parties.
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Paul Chung Joins SJP Properties as Head of Acquisitions
Paul Chung has left Quinlan Development Group to join SJP Properties as head of acquisitions, the New York and New Jersey-based developer announced July 28. Chung will oversee the firm's acquisition and development activity across Class A office, industrial and residential properties in the New York/New Jersey metropolitan area and select Southeast markets.

Talonvest Capital Arranges $45 Million Bridge Refinance for 1784 Holdings' Goleta Self-Storage Facility
Talonvest Capital has arranged a $45 million senior bridge loan to refinance a recently constructed, climate-controlled self-storage facility in Goleta, California owned by national self-storage owner and developer 1784 Holdings. The three-year loan, which includes two one-year extension options, was structured to optimize proceeds and preserve exit flexibility while the property continues its lease-up.

Talonvest Capital Arranges $57.75 Million Refinancing for HPI Real Estate Services & Investments' Seven-Property Florida Self-Storage Portfolio
Talonvest Capital has arranged $57.75 million in non-recourse financing for a seven-property Florida self-storage portfolio owned by HPI Real Estate Services & Investments. The debt fund loan features a two-year initial term, three one-year extension options, interest-only payments, and an 18-month cash management holiday.

NorthMarq Arranges $25.5 Million Sale of Vintage Acres Manufactured Housing Community in Duluth for GHI Investments
NorthMarq's Mid-Atlantic Investment Sales team has brokered the $25.5 million sale of Vintage Acres, a 300-pad manufactured housing community in Duluth, Minnesota, with Legacy Communities acquiring the asset from GHI Investments. NorthMarq's Debt & Equity unit also arranged $14.435 million in Freddie Mac financing for the buyer.

Reframe Holdings Acquires 590-Unit Murrells Inlet Storage Facility in Coastal South Carolina
Reframe Holdings has acquired Murrells Inlet Storage, a 590-unit, 79,300-square-foot climate-controlled self-storage facility in Murrells Inlet, South Carolina. Following the closing, Reframe oversaw the property's rebranding to Public Storage.

Talonvest Capital Arranges $48 Million Self Storage Real Estate Refinance for BRB Development's Six-Property Portfolio
Talonvest Capital has arranged $48 million in financing for a six-property self storage real estate portfolio owned by BRB Development, a family-owned operator with nearly 50 years of experience. The seven-year, non-recourse loan was provided by a life company and features full-term interest-only payments across assets in five U.S. states.

BGO Lists $9.3B Asia Value-Add Series as Global Investment Platform Spans Multifamily, Industrial, Office and Self Storage Real Estate
BGO has listed its $9.3B Asia Value-Add Series as open for investment, spotlighting a closed-ended fund series focused on distress-driven opportunities in Tokyo and major Japanese urban markets. The listing comes as the firm's global investment platform spans core, core-plus, and value-add strategies across the U.S., Canada, Europe, and Asia.