News

Life Storage makes the case against a Public Storage takeover
02/24/2023

Life Storage makes the case against a Public Storage takeover

Life Storage CEO Joe Saffire rebuffed Public Storage’s proposed takeover of the country’s fourth largest storage REIT in no uncertain terms during the company’s annual earnings conference call on Friday.

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Five things to know about Public Storage’s $11B takeover bid for Life Storage
02/07/2023

Five things to know about Public Storage’s $11B takeover bid for Life Storage

The Storage Beat spoke to Marc Boorstein of MJ Partners about Public Storage’s hostile take over of competitor Life Storage.

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StoreEase adds new smart facility to its remote management portfolio
01/31/2023

StoreEase adds new smart facility to its remote management portfolio

StoreEase’s eight virtual managers operate out of the company’s Birmingham office. From their remote location, the managers oversee 1.5 million rentable square feet of storage space across more than 30…

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Investors pour billions into private self-storage funds
01/26/2023

Investors pour billions into private self-storage funds

Recently two real estate funds announced that they had exceeded their fundraising goals, each closing with ten-figure sums with which to buy storage properties across the United States.

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Elevation Capital plans major expansion of DC-area facility
11/08/2022

Elevation Capital plans major expansion of DC-area facility

The fund will invest $5 million to expand the facility. Plus, we chat with principal Ryan Smith about the changing market.

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Flatirons Asset Management buys 33 stores from Red Dot Storage
11/04/2022

Flatirons Asset Management buys 33 stores from Red Dot Storage

Red Dot will continue to manage the facilities on behalf of Flatirons. We talk with Flatirons CEO Scott Smith about the deal.

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U-Haul notifies customers of major data breach
09/15/2022

U-Haul notifies customers of major data breach

One of the country’s largest self-storage operators has been hit by a major data breach, exposing names and drivers license info spanning a 5-month period of rental activity.

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AI startup secures $1.9M to automate lien processing
06/15/2022

AI startup secures $1.9M to automate lien processing

A growing Boston-based startup offers a way for operators to outsource the cumbersome task of managing liens with its artificial intelligence-enabled software platform. 

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Storage REITs take a tumble despite strong results
05/12/2022

Storage REITs take a tumble despite strong results

The COVID-19 pandemic may be waning, but the pandemic-fueled lift in business for the five publicly traded self-storage REITs is not.

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