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In 2016, an investment fund sponsored by Brookfield Corporation acquired Simply Self Storage, an owner/operator of 90 self-storage facilities in the U.S. totaling 6.8 million square feet, for $829 million. [58] It was sold to funds managed by The Blackstone Group in 2020 for $1.2 billion. [59]
In April 2012, CoStar Group acquired LoopNet for approximately $860 million in cash and stock. [10] In 2014, the company settled a trademark infringement lawsuit that it brought against Dotloop. [11] In 2020, to address rapid changes occurring in the COVID-19 commercial real estate market, the company added significant virtual tour capabilities ...
Recent indications from the Federal Reserve of fewer rate cuts next year have served as a reality check for commercial real estate. But the sector may finally regain momentum in 2025.
It is the largest brand of self-storage services in the US. [2] In 2008, it was the largest of four publicly traded storage REITs. [3] There are more than 2,200 Public Storage self-storage locations in the US, Canada and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services.
It also operates 78 self-storage properties. W.P. Carey's stock price is also currently right around $57 apiece. The REIT pays a quarterly dividend of $0.875 per share, or $3.50 per year .
Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, 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.
An active listing on Loopnet offers the space at an annual rate of $9 per square foot. The warehouse is physically divided into six individual spaces, linked by roll up doors.
Graph showing the increase in price of commercial real estate in the US. Cash inflows and outflows are the money that is put into, or received from, the property including the original purchase cost and sale revenue over the entire life of the investment. An example of this sort of investment is a real estate fund. Cash inflows include the ...