Self-storage operator StorageMart, which operates more than 300 properties across Canada, the United Kingdom and the U.S., and its subsidiary Manhattan Mini Storage, have issued a statement outlining the ways in which the company expanded in the first quarter of the year. In addition to acquiring 20 facilities in Illinois, Missouri, New Jersey and New York, it added three properties to its third-party management portfolio, according to a press release. The managed properties are in Bronx, New York; Cottleville, Missouri; and Trenton, New Jersey.
StorageMart also refinanced the Manhattan Mini Storage facility at 78 Walker St. in Manhattan, New York, using its own bridge lending program in March. The $23.3 million bridge loan has a three-year fixed rate. The company launched the program in July 2024, the release stated.
“Our continued growth across both owned and third-party managed facilities reflects the strength of our operational platform and the trust owners place in our team,” said Herby Bowman, senior vice president of StorageMart and Manhattan Mini. “As more owners look for experienced operators with strong marketing capabilities and profitable systems, our third-party management program continues to provide a powerful solution for maximizing property performance.”
Founded in 1973 and based in Columbia, Missouri, StorageMart has a portfolio is valued at more than $10 billion. It comprises more than 25 million square feet in 236,000 units worldwide.
Manhattan Mini was founded in 1978 as a family-owned business. It operates 51 self-storage facilities in Brooklyn, Manhattan and Queens, New York. It was acquired by StorageMart in 2021.
Source: GlobeNewswire, StorageMart and Manhattan Mini Storage Expand Portfolio with New Facilities and Strategic Acquisitions in Q1 2026