Self-Storage Development Case Study: LSC Leverages a Mixed-Use Approach to Build in Chicago
Even when a desired parcel is zoned for self-storage, developers sometimes find themselves in a battle to build their project. Litigation along with a mixed-use approach helped LSC Development get approval in the Jefferson Park neighborhood of Chicago. Read how.
Partnership Opens Long Island Life Storage
LSC Development in partnership with Amenity Self-Storage Holdings has opened a new self storage facility in Nassau County, New York. The facility will be managed by Life Storage, Inc.
LSC Development Lands $60M Refi for New York Storage Assets
LSC Development has taken out a $59.5 million refinancing package for a three-property self storage portfolio encompassing approximately 311,823 square feet in Hewlett, Garden City and Oceanside, N.Y.
Sovran/Uncle Bob's Self Storage Acquires LifeStorage for $1.3B, Commences Corporate Rebranding
Sovran has completed its acquisition of LifeStorage. The purchase was funded primarily with the proceeds from an offering of 6.9 million shares of common stock and the sale of $600 million in 10-year notes with an interest rate of 3.5 percent.
LifeStorage secures $300 million in financing
Citigroup Global Markets and BMO Capital Markets teamed up to extend the new financing to Roseville, CA-based LifeStorage, which will use the money to buy self-storage facilities in the 50 largest U.S. markets. Raymond James Bank also participated in the financing.
LifeStorage Announces $120 Million Investment from TPG Real Estate
ROSEVILLE, Calif.--(BUSINESS WIRE)--LifeStorage, L.P. (“LifeStorage” or “the company”), an owner, acquirer and operator of premier self-storage facilities, committed to creating easy and friendly customer experiences, announced today that it has secured an $120 million investment from TPG Real Estate (“TPG”), the real estate platform of TPG, a leading global private investment firm.