Westport Properties Inc., a California-based real estate developer and self-storage operator, has appointed Charles Byerly as president and chief executive officer, replacing company founder Barry Hoeven in those roles. Byerly previously served as chief financial officer.
“The board and I have complete confidence that Charles is the right person to lead Westport into its next phase of growth. We’ve experienced nearly double-digit growth since 2009, and Charles has been instrumental leading us through that,” said Hoeven, who will remain executive chairman of the company’s board of directors.
Byerly has been with Westport for seven years. As CFO, he was responsible for all of the company’s acquisitions, financing and dispositions, as well as investor relations. He also led Westport’s third-party management expansion from five facilities to 25 from 2010 to 2012.
Launched in 1985, Westport Properties is a full-service real estate company specializing in the self-storage industry. Westport acquires, develops, builds and operates facilities in major markets that feature barriers to entry, dense populations and future rental-growth opportunity. The company operates more than 30 self-storage facilities in California, Connecticut, Florida, Maryland and New Jersey under the name US Storage Centers. It also manages assets in California and Nevada. The Westport portfolio of owned and managed properties totals nearly 4 million square feet.