Storage Post Self Storage has made some organizational changes that it says will strengthen the company for long-term success. They include the appointment of real estate executive Marvin Banks to the position of chief operating officer and the creation of a business unit dedicated to facility development, which will be led by Storage Post veteran Jack Chaney.
"As we stage Storage Post for further growth, we are investing in key competencies required to support the company in the future," said Bruce Roch , CEO. "Our investors and executive team believe we have entered a market ripe for growth in the self-storage segment. We are seeing unprecedented levels of both acquisition and new development opportunities and need to ensure we have the right leadership and operational structure in place to fully maximize both of those."
Banks, who has more than 25 years of real estate experience, will work closely with Roch, overseeing the operation of all Storage Post facilities as well the company's third-party management division. He recently served as president and chief financial officer of Cortland Partners, where he remains a corporate advisor. He previously spent more than 10 years in executive leadership positions at Gables Residential, Trammell Crow Residential and Ernst & Whinney (now Ernst & Young). Banks also serves as director for Private Bank of Buckhead and as a member of the Finance Committee for the Children's Museum of Atlanta.
Chaney has more than 20 years of experience in the self-storage industry, with a particular expertise in facility development. He has served as Storage Post's chief operating officer since 2010. During his time with the company, he has deployed more than $435 million of aggregated institutional capital and built more than 70 new self-storage properties. He previously served as chief development officer for Safeguard Self Storage.
"Adding Marvin to our executive leadership team ... allows Jack Chaney to focus on his passion for developing new properties, which is central to our growth strategy," said Roch. "Jack and I have been business partners in the self storage industry for 20 years, and I trust no one more than Jack when it comes to creating a world-class real estate development business."
Headquartered in Atlanta, Storage Post has locations along the East Coast and throughout the South, and is pursuing self-storage acquisitions.