Facility Dispatch
Development and consolidation
Facility Dispatch reporting on development & site selection and reits & consolidation.
- REITs & consolidation
SmartStop agrees a conditional joint venture in a 14-property Canadian storage fund
SmartStop Self Storage REIT has agreed to a proposed joint venture with ICM Bluebird Canadian Self Storage LP. ICM Bluebird says SmartStop will commit up to $300 million, with no currency given; SmartStop says the 14-property fund is about half occupied.
- REITs & consolidation
Extra Space Storage posts 4.9% core FFO growth in second quarter
Extra Space Storage reported core FFO per share of $2.15 for the second quarter of 2026, up 4.9% from a year earlier, and raised its full-year guidance even as occupancy slipped slightly.
- Development & site selection
Yardi Matrix projects self-storage new supply to keep shrinking through 2028
Yardi Matrix's second-quarter 2026 forecast projects new US self-storage supply falling from 52.9 million square feet this year to 38.6 million by 2028, as construction starts and the under-construction pipeline both shrink from a year earlier.