Storage Post Self Storage Adds Plainview Facility to Long Island Portfolio

Core Viewpoint - Storage Post Self Storage has acquired a new self-storage facility in Plainview, New York, marking its seventh location on Long Island and demonstrating its commitment to high-demand suburban markets in the New York metro area [1]. Group 1: Acquisition Details - The newly acquired facility is located at 150 Fairchild Avenue, Plainview, NY, and was previously operated as a CubeSmart facility [1]. - The acquisition aligns with Storage Post's long-term vision for the region, emphasizing the strong demand for high-quality storage in established markets like Plainview [1]. Group 2: Operational and Financial Aspects - The Plainview facility features a modern geothermal energy system that enhances operational efficiency and sustainability [1]. - The acquisition was facilitated by JLL Capital, which managed the debt for this facility and previously provided financing for Storage Post's locations in Newark and Nyack [1]. - JLL Capital Markets announced a $47 million first mortgage loan for Storage Post East Village in December 2025, indicating strong financial backing for Storage Post's expansion efforts [1]. Group 3: Market Characteristics - The Plainview and Long Island submarket is characterized by low supply, strong density, and high traffic, making it an attractive area for self-storage operations [1]. - Storage Post aims to enhance customer experience through its operational platform and service standards in this new location [1].