StoreSmart Self-Storage, which operates more than 20 facilities in six states, has appointed Todd Allen as a partner in the company. Allen joined StoreSmart in 2009 as vice president of operations and has been instrumental in the company’s growth, officials said in a press release.
“We are excited about Todd becoming our partner,” said Brad Sherman, managing principal. “This is the well-deserved next step in his many years of excellent service to our companies.”
StoreSmart recently acquired a facility in Fayetteville, N.C., that is believed to be the first crowdfunded property in the industry. The company worked with Realty Mogul, an online marketplace that allows accredited investors to pool money online and buy shares of pre-vetted investment properties, to raise $1 million.
The company currently operates self-storage facilities in Arkansas, Florida, Georgia, Illinois, North Carolina and South Carolina, and is seeking new investment opportunities throughout the United States. Its locations are managed by its affiliated property-management company, Reliant Real Estate Management LLC.