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Life Storage spent $43.48 million to purchase two Extra Space Storage facilities in South Florida. That and more in this week’s round up.
- Blog, Storage Beat
Joe Margolis, CEO of Extra Space Storage, believes self-storage supply pressures will moderate in 2022. That trend could reverse in 2023.
- Blog, Storage Beat
Chris Marr, president and CEO of CubeSmart, expects the “fairly muted” environment for self-storage development to continue for a while.
- Blog, Storage Beat
The self-storage REIT just raised its acquisition forecast for 2021 to a range of $1.5 billion to $2 billion, up from the previous outlook of
- Blog, Storage Beat
Roughly one-third of the 75 facilities purchased so far this year were part of Life Storage’s third-party management platform. Saffire called the company’s third-party platform
- Blog, Storage Beat
The deal brings the country’s biggest storage operator’s acquisition spending to over $5 billion for 2021. The portfolio has 56 facilities.
- Blog, Storage Beat
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