Many of our customers come to us because they are experiencing some sort of housing instability. We are improving our policies so we can keep charging them while making sure they don't loiter. That means building on principles like locked bathrooms. Follow us for more tips.
๐ข #REIT Headlines โ March 11th, 2025 ๐
๐ผ $EXR Extra Space Storage priced $500 million of 5.40% senior unsecured notes due 2035
* Proceeds to repay credit lines, fund general corporate and working capital purposes, and explore acquisition opportunities
๐ฅ $CTRE CareTrust REIT announces agreement to acquire Care REIT plc at 108 pence per share
* Represents $577 million market cap, with a total purchase price of $817 million
* Acquisition offers a 32.8% premium on Care REITโs March 10 closing price
* 137 care homes, comprising approximately 7,500 operating beds leased to 15 operators across England, Scotland and Northern Ireland
๐ $RYN Rayonier to sell 77% interest in New Zealand joint venture for $710 million
* Marks the conclusion of strategic review refocusing Rayonier on U.S. operations
๐ญ $STAG Industrial, Inc. signed 102,060 SF lease at development project in Wellford, SC with a 30-month lease and 3.5% annual rent escalations
* The project is now 69% leased bringing the completed portfolio lease-up rate to 51%
๐๏ธ $AHH Armada Hoffler announced that F1ยฎ Arcade signs lease for 15,000+ SF at The Interlock in West Midtown, Atlanta with the retail portion now 99% leased
๐ฐ $OPI Office Properties Income Trust announced the final results for the previously announced private exchange offers to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030
๐ Fitch Ratings affirmed $KRG Kite Realty Group Long-Term Issuer Default Ratings & senior unsecured debt at โBBBโ with a positive outlook
๐จ Yesterday morning, $BHR Braemar Hotels & Resorts closed on $363 million refinancing for five hotels including The Clancy & The Ritz-Carlton Reserve Dorado Beach as the refinanced debt maturity extended to 2030
https://t.co/Qjq1VVE11w
@extraspace is everything okay over there? This is the only storage company Iโve used that significantly increases their rates over a short period of time for loyal customers.
We specialize in storage facility acquisition in order to raise rents without competition. This is how we serve our shareholders and improve the world... for us.
Not @extraspace buying the storage place I was using and almost doubling my rateโฆ. Bro am i gonna need to find another place for storage? This is insane i cannot deal
@extraspace You forgot the fact that you increased the rate of every single individual that utilizes your facilitiesโฆ. You continuously say itโs because of the increase of costs, but I canโt seem to find what costs have increased for you guysโฆ. Iโm more than likely leaving to U-Haul.
Our contracts clearly state that access hours are whenever we feel like it. #FAFO Don't get your stuff sold. We will pop that lock and empty you out. It's nothing to us.
I am so over these companies. They take your money and do you any kind of way!! @extraspace will not let me access a unit that I am paying for. No one is at the office but itโs a Wednesday at 10am which are working hours. Yet I have no access to my things!
Do NOT use @extraspace ever. Rented a unit at the end of August & this month they charged me double the amount & said it was the new market price. Received no notification although my email is in file. Itโs been three months. This is ridiculous
@extraspace This is unacceptable. This is the SECOND time our lock has been drilled off/through on your watch and this time people emptied and dumped out all of my deceased fatherโs boxes. Employees say there are no cameras but I pass FOUR of them to get to my unit.