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NEWS ROUNDUP

ACQUISITION: The LeClaire-Schlosser Group of Marcus & Millichap completes the acquisition of UpLift Self Storage in Melissa, Texas. The 454-unit self-storage facility, completed in 2021, comprises eight single-story buildings with a mix of climate-controlled and drive-up storage units. The property is located less than one mile from U.S. Highway 75 and Texas State Highway 121 in a rapidly growing trade area. Adam Schlosser, Charles “Chico” LeClaire, and Dave Knobler of Marcus & Millichap represented the seller in the transaction.

ACQUISITION: Argus Self Storage Advisors announces the acquisition of Route 10 Self Storage in Reading, Pennsylvania. The well-located self-storage facility offers stable in-place cash flow and future operational upside, attracting strong investor interest in the Reading market. The transaction marked Argus Self Storage Advisors' first closing of 2026. Argus Self Storage Advisors exclusively represented the seller in the transaction. Ben Vestal, Cole Carosella, and Chuck Shields were involved in the successful closing.

DEVELOPMENT: Pack N Stor celebrates the grand opening of its newest self-storage facility at 98 Boston Post Road in West Haven, Connecticut. The West Haven location is the fourth facility in the company's growing network and offers modern self-storage solutions for residential and business customers. The Milford Regional Chamber of Commerce commemorated the opening with a ribbon-cutting ceremony. Dawn Harkness, property manager at Pack N Stor, highlighted the facility's focus on security, cleanliness, and customer service as the company continues its expansion.

FINANCING: BRB Development secures $48M in refinancing for a six-property self-storage portfolio spanning Florida, New Jersey, Minnesota, Connecticut, and Illinois. Arranged by Talonvest Capital, the seven-year non-recourse loan covers 5,006 self-storage units, two retail units, and 497,185 NRSF. The financing includes full-term interest-only payments and a flexible structure tailored to BRB Development's long-term strategy. Eric Snyder, Tyler Mergler, Carson Kurland, Mason Brusseau, and Lauren Maehler of Talonvest Capital arranged the financing on behalf of BRB Development.

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ONE MORE THING
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