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September 23, 2008
1 Min Read
Real Storage GP Inc., a recently formed partnership in Calgary, Alberta, will acquire and develop self-storage facilities across Canada. The partnership is comprised of former executives and portfolio managers in the self-storage industry and Realex Properties Corp., a real estate company listed on the TSX Venture Exchange.
The management team consists of:
Bill Roberts, partner and president of Real Storage, is the former vice president for Stor edge Group. He is also on the board of directors of the Canadian Self Storage Association.
Cathy Butler, partner and vice president finance, owned and operated storage properties in addition to acting as portfolio manager for a private investment fund.
Dave Demchuk, vice president operations, was also a former executive with Stor edge and, most recently, was the director of operations Western Canada for InStorage REIT.
The management team will be responsible for all aspects of the business including operations, development and acquisitions, whereas Realex will provide general oversight and capital.
Real Storage has already acquired four properties—two operating and two under development—totaling approximately 245,000 square feet. A number of potential acquisitions are under active negotiation. For more information, visit http://www.realstorage.ca/.
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