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NEWS ROUNDUP

ACQUISITION: Spartan Investment Group acquires a three-property self-storage portfolio totaling 1,710 units in Beaufort. The seller was not disclosed. The portfolio totals 229,715 rentable SF and includes a 694-unit facility at 481 Parris Island Gateway, a 632-unit property at 240 SC-128, and a 384-unit asset at 100 Lady’s Island Commons. The acquisition marks Spartan’s first deals of 2026.

ACQUISITION: Marcus & Millichap’s LeClaire-Schlosser Group arranges the sale of StoreEase Self Storage, a 77,404 SF facility in Spring Hill. The property comprises 657 units across approximately 4.43 acres. Built in 2025, the Class A facility features two single-story buildings and was in early lease-up at the time of sale. Ian Lindahl and Adam Schlosser represented the seller, a regional developer. The buyer was Platinum Storage.

DEVELOPMENT: Forge Building Company and LuxeLocker form a strategic partnership to develop large-scale premium storage facilities across the United States. The collaboration will focus on delivering high-end storage solutions for boats, RVs, luxury vehicles, and business assets, combining Forge’s construction expertise with LuxeLocker’s design and development platform. Hamish Bell and Adam Pakes highlighted the partnership’s goal of scaling durable, high-quality storage projects in response to rising national demand. Since 2019, the firms have completed 14 facilities totaling more than 1.14 million SF and 1,514 units.

FINANCING: Walker & Dunlop arranges $350M facility for self-storage platform. The financing was arranged through JPMorgan Chase Bank and backed by Centerbridge Partners and Reframe Holdings. The financing will support the acquisition of more than $500 million in Class A and institutional-quality Class B assets across major U.S. markets. Aaron Appel, Jonathan Schwartz, Mo Beler, Michael Brown, Christopher de Raet, and Nicholas Gilhooley arranged the financing. Mo Beler and Jonathan Paine also advised on the joint venture formation. Matthew Dicker and Zack Widmann highlighted the platform’s strategy to scale a diversified portfolio.

DEVELOPMENT: DXD Capital and Olympus Ventures break ground on La Cantera, a 117,687 SF self-storage facility in San Antonio. CAPCO General Contracting is leading construction, with completion slated for spring 2027. The project will total 87,425 net rentable SF and include 916 climate-controlled units across three stories. Located at 19130 Talavera Ridge, the facility will feature ground-floor loading across all levels and a parking area. Extra Space Storage will manage the property.

DEVELOPMENT: StorageMart provides a $23.3 million bridge loan to refinance a Manhattan Mini Storage facility in New York City. The loan, issued through the company’s Bridge Lending Program, carries a three-year fixed rate and supports the property at 78 Walker Street, which operates under the Manhattan Mini Storage brand. Zach Shultz said the firm leveraged its operational oversight of the asset to structure the financing, in partnership with ArrowMark Partners.

FROM OUR PARTNERS

FOR SALE

511 Old Riceville Rd, Athens, Tennessee

133,600 SF Building | 1,093 Unit | 70.6% Occupancy | 7.75% Cap Rate | 92 Boat/RV Parking Spaces

1021 E Butler St, Prairie Grove, AR

121,200 SF Building | 26,766 SF Climate & 92,450 SF Non-Climate | 66% Occupancy | 9.20% Pro-Forma Cap Rate

74 Cornerstone Ln, Brunswick, GA 31523

36,000 SF Building | 50% Occupancy | 272 Non-Climate Units | Access to I-95, Hwy 341 & Brunswick Golden Isles Airport

2560 US-52, Moncks Corner, SC 29461

68,450 SF Building | 303 Climate-Controlled Units | 53 Non-Climate Units | 132 Drive-up Units | 37 Boat/RV Parking Spaces | Access to US-52

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