Self-Storage REIT National Storage Affiliates Trust Makes Management Promotions

National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has announced several leadership changes to take effect on July 1. In addition, the company added Rebecca Steinfort to the list of nominees for its board of trustees, with elections scheduled to take place this spring.

Tamara Fischer will be promoted from her role as executive vice president to company president, while continuing as chief financial officer. Steve Treadwell will advance from senior vice president of operations to executive vice president and chief operating officer. He’ll also continue as president of the REIT’s property-management company. Brandon Togashi will be promoted from vice president to senior vice president and will continue as chief accounting officer and controller, according to a press release.

"We are extremely pleased to announce these promotions of our senior-management team as Steve and Brandon continue to expand their responsibilities and expertise,” said Arlen Nordhagen, chairman and CEO. “I especially appreciate handing off my responsibilities as president to Tammy. We believe the company will benefit from Tammy’s elevated leadership role and focus on operational execution, given her track record of results; and I will now be able to more fully dedicate my time to the strategic CEO and chairman roles as we continue to execute on our differentiated growth strategy.”

Steinfort serves as independent director and is a member of the audit committee for Milacron Holdings Corp. She’s also chief operating and business-development officer for Eating Recovery Center, a national behavioral-health service provider. Steinfort has held several executive, marketing and operational positions in her career, and earned an MBA from Harvard and a bachelor’s degree from Princeton.

"We are extremely pleased to announce the nomination of Rebecca Steinfort for election to NSAT’s board as an independent trustee,” said Paul Hylbert, the company’s lead independent trustee. “As a successful business leader with a unique combination of executive, marketing and technology expertise—coupled with her public company and private equity experience—Rebecca will bring valuable perspective as we expand our board and focus on shareholder value creation.”

Shareholders will vote for board nominees during the trustees’ annual meeting on May 23.

Headquartered in Greenwood, Colo., NSAT is a self-administered and -managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. Metropolitan Statistical Areas throughout the United States. The company has ownership interest in 540 storage facilities in 29 states. Its portfolio comprises approximately 34 million net rentable square feet.

Source:
National Storage Affiliates Trust, National Storage Affiliates Trust Nominates Rebecca Steinfort to the Board of Trustees and Announces Management Promotions