7 Story CubeSmart Self Storage Facility Planned for Uptown Charlotte NC

East 7th St LLC, a company affiliated with real estate developer Proffitt Dixon Partners, intends to build a seven-story self-storage facility in the Uptown area of Charlotte, N.C. The climate-controlled structure will be built on a 1-acre site at 969 E. 7th St., and comprise 90,725 net rentable square feet in more than 1,080 units. The project will also include …

First Neck Self Storage Group Raises $50M for Property Acquisitions

First Neck Self-Storage Group LLC, a joint venture between asset-management and investment-advisory firm CSM Capital Corp. and real estate investment and management company Self-Storage Capital Partners (SSCP), has raised $50 million with the intent to acquire storage properties in primary and secondary markets. The funding round will be used to buy up to $160 million in assets, according to the …

Self Storage Firm SmartStop Asset Management Expands Into Student Housing

Update 1/25/18 – SmartStop has expanded its student-housing footprint, acquiring three properties between June 2017 and January 2018. It also has an agreement to purchase three senior-housing facilities in Utah for $78.5 million. The assisted-living properties and two of the student-housing transactions are tied to the Strategic Student & Senior Housing Trust Inc. (SSSHT), a non-traded REIT sponsored by SmartStop. …

TD Self Storage Proposes Mixed Use Project for Greenville SC

TD Self Storage Enterprise LLC, a development and acquisition venture launched last year by JHM Hotels, is pursuing a mixed-use project in the West End historical district of Greenville, S.C. The four-story facility would be built on a nearly 1-acre lot at the corner of Oneal and Rhett Streets, which currently houses a Piedmont Electrical Distributors warehouse. It would include …

Leon Capital Launches Debt Capital Platform for Self Storage

Leon Capital Group, a Dallas-based real estate development and investment firm, has launched a capital platform for developers of class-A self-storage facilities. The company will provide “high-leverage,” nonrecourse construction financing up to 99 percent of the total project cost and will purchase the property upon completion, according to a press release. “Our experience in the storage industry has shown us …

Selecting A General Contractor For Self Storage Development

You are going into the self-storage business at a great time. The industry is booming and continues to grow as people learn that self-storage is a cost-effective, convenient way to keep their property safe and in good condition without the need to find space at home to put it. Finding a general contractor to assemble your new steel self-storage buildings …