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CubeSmart Headquarters, Malvern, PA. CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2022, it owned 611 self storage properties in 24 states and the District of Columbia containing 44.1 million rentable square feet. [1]
Here are two of the leading self-storage REITs, compared by eight different measures to help determine which is the better buy between CubeSmart (NYSE: CUBE) and Life Storage Inc (NYSE: LSI).
The Dillard's store closed in early 2006. In 2021, CubeSmart replaced the former Sears space. CubeSmart closed in mid to late 2022 and was replaced by Extra Space Storage which is still open as of November 2024. [5]
Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, shipping containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
Warehouse construction began in May of that year, and by August, six warehouses were receiving material for storage. Those warehouses are still in use today. The lull between World War I and World War II reduced center operations to mostly reconditioning and sale of the stockpiles which had been needed earlier to ensure the nations defense.
Location CRHP-listed Description 1 †* Hartman Stock Farm Historic District: Hartman Stock Farm Historic District. October 9, 1974 (#74001492) February 10, 2022:
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