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Blackstone Group. (2020–23) Public Storage. (2023–present) Website. simplyss .com. Simply Self Storage is a privately owned self-storage company in the United States. It has over 8 million square feet of storage space with over 100 operating self-storage facilities. [1] [2] [3]
The world’s leading investment firm Blackstone Group said it will acquire Simply Self Storage from Brookfield Asset Management for nearly $1.2 billion, the Wall Street Journal reported.
In 2016, a Brookfield-sponsored fund acquired Simply Self Storage, an owner/operator of 90 self-storage facilities in the US totaling 6.8 million square feet, for $829 million. Through further acquisitions, Brookfield has doubled the size of its self-storage portfolio to 175 facilities totaling approximately 14 million square feet.
It's a worldwide trend. Storage companies are snapping up vacant commercial spaces abandoned after the pandemic. Meanwhile, as rents rise, consumers and business are looking for cheaper storage ...
Some consolidation is afoot in the world of moving and storage startups: Clutter and MakeSpace, two erstwhile rivals in the market, are merging to form a single company, which will operate under ...
Neighbor, which operates a self-storage marketplace, announced Wednesday that it has raised $53 million in a Series B round of funding. Fifth Wall led the financing, which notably also included ...
Clutter, the on-demand removals and storage company backed by SoftBank, is today announcing that it has acquired The Storage Fox, a startup that will spearhead Clutter’s expansion in to self ...
Self storage. 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 ...