Andover Properties LLC, which operates the Storage King USA brand, has launched Andover Storage Lending (ASL), which will originate nonrecourse financing for self-storage sponsors nationwide.
Madison Capital Group (MCG), a real estate development and investment firm that operates the Go Store It Self Storage brand, has launched Madison Commercial, a new division with a focus on built-to-suit developments and net-lease acquisitions.
Real estate firms Madison Capital Group and SLI Capital have purchased a controlling interest in GreenSpace Self Storage LLC, a development and construction company that uses stacked shipping containers as the foundation for its projects.
Go Store It Self Storage, an investment sponsor that focuses on self-storage properties, has promoted Evan Stephens from director to chief investment officer (CIO).