Jefferies Updates Self-Storage REITS - Top Picks After Strong Q1 Earnings
Jefferies & Company published a research report updating the self-storage REIT sector and adjusting price targets after Q1 earnings and guidance.
Sean Delaney Expands The Mele Storage Group Into The Mid-West Market- Chicago -
Marcus & Millichap announced that Sean Delaney, First Vice President Investments at Marcus & Millichap will expand the Mele Storage Group brand into the mid-western states. Sean will partner with Michael Mele; Senior Vice President Investments and founder of The Mele Group of Marcus & Millichap. Sean will serve as a broker, marketing self-storage properties in the firm’s Chicago office.
Extra Space Storage Inc. Reports 2015 First Quarter Results
SALT LAKE CITY, April 29, 2015 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage in the United States, announced operating results for the three months ended March 31, 2015.
Highlights for the three months ended March 31, 2015:
Achieved funds from operations ("FFO") of $0.68 per diluted share. Excluding costs associated with acquisitions and non-cash interest, FFO as adjusted was $0.69 per diluted share, representing a 21.1% increase compared to the same period in 2014.
Increased same-store revenue by 8.3% compared to the same period in 2014.
Increased same-store net operating income ("NOI") by 11.4% compared to...
Self-Storage Design Challenge: Making the Most of a Small Land Parcel
Smaller-sized lots can actually be great self-storage development opportunities. Follow these design guidelines to get the most from your urban project.
Marcus & Millichap Arrange Sale of a 45,828 Square Foot Self Storage Facility- Valdosta, GA
MARCUS & MILLICHAP ARRANGES THE SALE OF
A 45,828- SQUARE FOOT SELF-STORAGE FACILITY
VALDOSTA, GA, April 29, 2015 – 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 Perimeter Self Storage, a 45,828-square foot self-storage facility located in Valdosta, GA, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $3,530,000.