Harvey Lenkin retired from the Public Storage Inc. Board of Trustees effective Jan. 3 after nearly 20 years of service. Lenkin served in a wide variety of executive positions with the company from 1978 until his retirement as president in 2005.
A talented executive and fundraiser at a time when Public Storage needed capital to grow, Lenkin quickly became the face of Public Storage on Wall Street. His many significant contributions to the success of the company include completing Public Storage’s first preferred stock issuance in 1992, laying the foundation for affiliated company PS Business Parks to become a public company in 1998, and consummating the Public Storage merger with Shurgard in 2005.
After retiring from management, Lenkin continued to share his counsel and knowledge of the self-storage business with the board, of which he was named a member in 1991.
“Harvey was a key contributor in building Public Storage into the world's largest self-storage company," said current president and CEO Ronald L. Havner Jr.
Public Storage, a member of the S&P 500, The Forbes Global 2000 and FT Global 500, is a real estate investment trust that acquires, develops, owns and operates self-storage facilities. The Glendale, Calif.-based company has more than 2,000 self-storage facilities and 4,900 employees as well as a market capitalization of more than $20 billion. As of Sept. 30, it had interests in 2,044 self-storage facilities in 38 states as well as 189 facilities in seven European nations.