Self-Storage

Precision Global Corporation (PGC) has partnered with CubeSmart to manage four self-storage facilities in Texas, effective July 25, 2025. The agreement leverages CubeSmart’s operational expertise to enhance customer experience and asset value. PGC aims to expand its nationwide portfolio of storage and RV park assets through strategic alliances. CubeSmart, a leading self-storage REIT, manages over 1,300 facilities nationwide, known for its technology-driven solutions and customer-centric approach. PGC focuses on high-growth, income-producing assets and seeks acquisition opportunities to expand its portfolio.

Strategic Storage Growth Trust III (SSGT III) and SmartStop Self Storage REIT are launching Blue Door Property II, DST, a new investment vehicle targeting the self-storage market. Blue Door II offers accredited investors access to three debt-free properties in Orlando, Florida, and Pasadena and Corinth, Texas, seeking to raise $64.8 million. The DST structure provides potential tax advantages, particularly for 1031 exchanges. SSGT III focuses on acquiring growth-oriented self-storage facilities, while SmartStop owns or manages 229 properties across the US and Canada. This is not an offer to sell securities.

Ki Corporation and Public Storage, operating as a Consortium, have made a revised non-binding offer to acquire Abacus Storage King for A$1.65 per security. Both parties agreed to due diligence, signaling progress. Public Storage sees growth potential in the Australian self-storage market. The deal is non-binding and subject to conditions, including regulatory and securityholder approval. Public Storage will not provide further updates unless a definitive agreement is reached.

U-Haul is offering 30 days of free self-storage and U-Box services to residents in the Austin metropolitan area affected by recent devastating floods. This initiative, expanded from San Antonio, aims to provide crucial, secure storage for property cleanup and recovery efforts. The offer applies to new rentals at participating U-Haul centers.

U-Haul is providing 30 days of free self-storage and U-Box container usage in North Dakota and Minnesota to assist residents affected by recent tornadoes and a derecho. The company aims to help communities impacted by severe weather, offering secure storage for belongings during recovery. This complimentary offer applies to new rentals, with details on participating locations available in the provided list.

SmartStop Self Storage REIT, Inc. (SMA) is issuing a CAD $500 million Maple Bond through its operating partnership. The senior unsecured notes, maturing in 2028, will yield approximately 3.91% (3.85% effective after hedging) and are rated BBB (Stable) by Morningstar DBRS. Proceeds will refinance debt and fund acquisitions. The offering is exclusively for Canadian residents. SmartStop owns and manages self-storage properties across the U.S. and Canada.