David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
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Brookfield Revives GGP Name for Malls
January 7, 2026
property type: Self Storage
Higher Interest Rates Might Not Translate to Drop in Property Prices
Commercial Real Estate Direct Staff ReportIncreasing interest rates might not result in a significant drop in commercial property prices.That's according to the Korpacz Real Estate Investor Survey, which projected that if interest rates rose substantially, leveraged buyers would step aside. ...
Morgan Stanley’s Prime Fund Invests in Safeguard Storage
June 1, 2005 Prime Property Fund has purchased an interest in Safeguard Storage Properties, a Metairie, La., self-storage company.According to filings with the SEC, Safeguard recently raised $24 million through a private placement, believed to have been to Prime, which ...
Extra Space, Pru to Pay $2.3Bln for Storage USA
May 5, 2005 GE Commercial Finance has agreed to sell its Storage USA unit for $2.3 billion to a venture between Extra Space Storage Inc. (NYSE:EXR) and Prudential Real Estate Investors. Storage USA, operates 458 self-storage properties with more than ...
1,700 Self-Storage Units to be Added in San Antonio, Texas
April 11, 2005 San Antonio Business JournalDeveloper James Allen recently kicked off construction work on his latest self-storage property. The project will be on about two acres of land at U.S. Highway 281 North and Evans Road in North San ...
Extra Space Pays $51Mln for 6 Storage Properties
March 15, 2005 Extra Space Storage Inc. (NYSE:EXR) has paid $51 million for a portfolio of six self-storage facilities.The properties, in Florida, Georgia, and New Jersey, have 4,000 units totaling 476,000 square feet. The Salt Lake City REIT owns 147 ...
U-Store-It to Pay $309.5Mln for 99 Self-Storage Properties
March 3, 2005U-Store-It Trust (NYSE:YSI) has struck deals to buy a total of 99 self-storage facilities in four transactions totaling $309.5 million.In its largest deal, the Cleveland company will pay $217 million for 67 properties owned by National Self Storage. ...
5B Investments to Sell Storage Facility Portfolio
February 22, 2005 The eight-property portfolio of 5B Investments, which includes 5,458 self-storage units totaling 630,060 square feet, has been put on the block.The storage facilities are located in Idaho, Texas, and Utah. The portfolio's market value is estimated at ...
U-Store-It Pays $18.1Mln for 2 Properties
January 18, 2005 U-Store-It Trust (NYSE:YSI), which raised some $400 million through an initial stock offering late last year, has purchased two additional properties for a total of $18.1 million.The Cleveland, Ohio, REIT paid Airpark Storage LLC $10.8 million for ...
Public Storage Pays $126.3Mln for 11 Properties
November 30, 2004 Public Storage Inc. (NYSE:PSA) has paid $126.3 million for 11 self-storage properties with 10,300 units.The properties – 10 in the Miami area and one in San Diego – total 941,700 square feet. Public Storage, headquartered in Glendale, ...
U-Store-It Buys 4 Properties for $37.8Mln
November 2, 2004U-Store-It Trust (NYSE:YSI) has completed the $37.8 million acquisition of four self-storage properties with 514,000 square feet.Two of the properties in Bradenton and West Palm Beach, Fla., were purchased from Devon Real Estate Conversion Fund. A third in ...
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