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A Pandemic Space Race: Self-Storage Roars Back



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Last fall, Blackstone acquired Simply Self Storage — with eight million square feet of rentable space — for $1.2 billion, adding to the $300 million it had already invested in the sector. And in April, Public Storage closed its $1.8 billion acquisition of ezStorage, adding 48 properties with 4.2 million of net rentable square feet.Updated Sept. 21, 2021, 11:36 a.m. ETWith both investor interest and consumer demand high, Edison Properties, which owns Manhattan Mini Storage, was said to be exploring the sale of its division, which has 18 locations and 3.1 million square feet, for an estimated $3 billion, or nearly $1,000 per square foot, Bloomberg News reported.Edison declined to discuss …

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