Real Estate Roundup: Self-Storage Transactions March 2016
Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Following are additional acquisitions and sales that weren’t covered independently due to missing information such as buyer, seller, sale price or other relevant details.
Marcus & Millichap Arranges the Sale of a 76,600-Square Foot Self-Storage Facility
DECATUR, IL, March 23, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Barry’s Storage, a 76,600-net rentable square foot self-storage facility located in Decatur, IL.
Two Promoted at Marcus & Millichap’s National Self Storage Group
Marcus & Millichap has recently promoted two brokers to senior director positions at its National Self Storage Group. Stacey Gorman and Sean Delaney have more than a decade each at the firm prior to their new appointments.Delaney joined the firm in 2004 and is currently vice president of investments at the company’s Chicago/Oak Brook office. Delaney is a member of the Mele Group, a self-storage advisory team within Marcus & Millichap.
Self-Storage Real Estate Firms Release REIT Result Summaries for 4Q 2015
An eight-page “Q4 2015 Self-Storage REIT Report” from the National Self Storage Group (NSSG) of Marcus & Millichap and The Mele Group, a self-storage advisory firm and partner affiliate of NSSG, offers a collective overview of storage REIT performance as well as individual breakdowns of the five REITs on acquisition activity, net operating income, occupancy, revenue and other metrics.
List Self Storage Celebrates One-Year Anniversary with more than 150 Self-Storage Property Listings on its Platform
March 8, 2016 – (Farmington Hills, MI) – List Self Storage (LSS) (www.listselfstorage.com), the preeminent address for self-storage professionals to list and identify self-storage facilities for sale, announces the dramatic growth of its platform in its first year.