Morningstar Storage Review
Morningstar Storage is a leading owner and operator of self-storage facilities.
Morningstar Storage is a leading owner and developer of self-storage facilities. Its assets are primarily focused in the Southeast United States. It is led by Brian Pelski, who has been with the company for over a decade. His background includes commercial real estate and property management, web development and digital marketing. Currently, Morningstar has a portfolio of 30 self-storage properties across eight states.
Morningstar Storage is based in Matthews, North Carolina. The company is active in purchasing self-storage facilities. In December 2018, it bought three Devon Self Storage locations. The company also sold 43 properties to Public Storage for $315 million in 2013. In 2018, Morningstar was the 20th largest self-storage operator in the U.S., with 63 locations covering nearly 5.7 million square feet.
The joint venture between Morningstar Storage and Starwood REIT has a total asset value of $18 billion. The joint venture will recapitalize 25 self-storage assets owned by Morningstar funds and invest in additional self-storage assets under the Morningstar brand. Morningstar will look to buy one-off assets as well as portfolios.
Self-storage is an excellent solution, whether you need extra space for a few things or simply trying to get rid of excess stuff. The company offers a range of sizes and prices. You can find a storage unit for as little as $74 per month.
Shapiro will continue as president of Morningstar Properties and will oversee the company’s marketing, operations, and asset management platforms. He also will continue to lead the investment strategy for Blue Doors Capital Management, Morningstar’s real estate affiliate. He has been with Morningstar since 2002 and has held various leadership roles with the association. He has also served on the board of the Belk Bowl and the Foundation for the Carolinas.
Nuveen Real Estate, part of TIAA, has purchased a majority stake in 21 Morningstar Storage facilities. It currently owns 90 percent of the company’s portfolio and serves as an operating partner for the rest. Morningstar Storage has facilities in nine markets throughout the South and Southeast.
It offers climate control.
Morningstar Storage is the place for you if you’re looking for climate-controlled storage in San Diego. This self-storage company offers monthly leases on a variety of sizes. It has state-of-the-art security and well-lit buildings to protect your items. It also provides climate-controlled rental units and 24-hour access.
For your convenience, Morningstar Storage is located at 9700 South 17-92 Hwy. You can call them for a quote or make an online reservation. If you need a longer lease, you can extend your lease, or you can rent a space for a year or more. The staff at Morningstar Storage is friendly and knowledgeable. The storage units are clean and spacious. They offer a moving truck service to help you move your belongings if you need to move. The prices are also affordable, and you can take advantage of specials to save even more money.
It offers free moving truck rentals.
When you rent a storage unit from Morningstar storage, you’ll get a free moving truck, boxes, and packing materials. Whether relocating for a job or storing your business supplies for a while, these amenities can make your move much smoother. In addition to free moving trucks, you can get discounts on other services, like 24-hour access and a price guarantee for 12 months. Morningstar has facilities throughout the country, and their staff is always happy to help.
Several different storage units are available at Morningstar, from small units for under $59 to larger units for $199. This company also offers monthly and annual lease options. They also provide free moving truck rentals and room-by-room moving checklists for your convenience. If you’re in the market for a storage unit in Seattle, you can also contact Morningstar storage via phone or online.
It has 18 locations in the Southeast U.S.
Morningstar Storage is an integrated real estate developer focusing on self-storage properties throughout the Southeast. The company has developed over 250 self-storage projects and operates through fifteen million square feet of space. Its websites list locations in Texas, North Carolina, South Carolina, and other states.
Its self-storage facilities operate under the Morningstar Mini-Storage brand. The company is led by Wesley G. Carter, who joined Morningstar in 2012 as its vice president of finance. He has over 18 years of experience managing real estate development companies’ financial and operational aspects. He began his career at Andersen Consulting and served as a relationship manager at Wachovia Securities. During his tenure, he structured and executed corporate secured and unsecured lines of credit for real estate investment trusts and opportunity funds.
Morningstar Storage is located in Houston, TX, at 2534 Sever Road. You can visit the location in person or make a reservation online. You can rent a storage unit month-to-month or for an unlimited amount of time. You can also extend your lease if necessary.
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