Storage Pros Management LLC (SPM) hired John D. Price III as senior vice president and chief financial officer. Price is a former treasury and finance executive at GMAC Inc., Ford Motor Company and Comerica Bank.
The new hire, along with that of Jeff Skogen last year as director of operations and sales, rounds out the restructuring and enhancement of SPM’s senior management team. Skogen is a former senior Ford marketing and training executive. Company co-founders David M. Levenfeld, president, and Ian Burnstein, chief operating officer, remain in key management roles for SPM’s self-storage property management and asset management functions.
SPM was recently hired to manage self-storage facilities in five states for a variety of clients, including public and private institutional owners, private individuals and lending institutions. The company is now accepting private equity investment for accelerated growth through joint-venture acquisitions.
Price’s 20-year career includes corporate finance and treasury functions, with an emphasis on forecasting, budgeting and debt sourcing. His most recent position was executive director, cash forecasting and liquidity management for GMAC. He’ll have overall responsibility for SPM’s lender relations, cash management, accounting, insurance and financial reporting.
Storage Pros also hired Ben Handelsman as director of marketing and facility maintenance. Handelsman has a varied management and marketing background, including most recently having served as marketing director for 1-800-Mini-Storage. His marketing responsibilities will focus primarily on Internet-based advertising and social media. He will also coordinate all repairs and maintenance for the Storage Pros portfolio.
“Adding John, Jeff and Ben provides us with a range of experience and competence that assures our ability to integrate substantial growth in an orderly fashion,” Levenfeld said. “We are confident that SPM’s clients, partners and investors will be pleased with these key additions to our management team.”
Founded in 2007, Storage Pros Management LLC and its affiliated companies specialize in the acquisition, development, improvement, management and disposition of self-storage facilities. The company owns 10 properties in Massachusetts, Michigan and Rhode Island.