Self-Storage REIT CubeSmart Makes Executive Staff Changes

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Self-storage real estate investment trust CubeSmart has named a senior vice president of operations and a series of related executive changes in the areas of company operation, marketing, third-party management and investor relations.

"Over the past year, we worked diligently and thoughtfully through a leadership succession process. The goal of that process was to align our management team to support our operational vision and execute on our internal and external growth strategies," said Christopher Marr, CEO. "The changes we are announcing today are designed to maximize the collective contributions of our senior management. I am excited about these role changes and am confident in our team's ability to continue to create value for our shareholders."

Joel Keaton has been promoted from vice president of marketing to senior vice president of operations and will have direct oversight of the company's 531 storage locations. He has more than 20 years of self-storage experience, including management positions at two other industry REITs and a national provider of self-storage management services.

Daniel Ruble has replaced Keaton as vice president of marketing. He previously served as vice president of finance, coordinating the company's investor-relations function. He also held various positions in operations, analytics and investments since joining CubeSmart in 2009.

Guy Middlebrooks has been named vice president of third-party management, replacing Carol Shipley, who has retired. Middlebrooks previously served as vice president of operations. He has more than 25 years of retail and self-storage operations experience.

Charles Place has joined CubeSmart as director of investor relations. He has experience in investment banking, equity research covering the REIT industry, and most recently, market research for a private, triple-net lease REIT.

CubeSmart owns or manages 531 self-storage facilities across the United States and operates the CubeSmart Network, which consists of more than 800 additional self-storage facilities.

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