Poverni Sheikh Group Names New CIO to Lead Self-Storage Investments

Poverni Sheikh Group LLC (PSG), a real estate developer with interests in the self-storage industry, has hired Noah Obuchowski as chief investment officer to oversee the firm’s self-storage acquisitions, development and construction-lending platforms. Most recently, he was an executive director with real estate firm Cushman & Wakefield, where he worked with PSG for five years as its capital-markets adviser in the self-storage sector, according to the source.

“I found their growth journey, from their first project to where they are now, truly inspiring,” he told the source. “Working with close friends who share the same growth-focused vision was a key factor in my decision. Plus, the timing seemed perfect for this transition given the market conditions.”

Obuchowski has managed more than 65 self-storage transactions worth $1.2 billion. It included five PSG deals in Maryland, New Jersey, Pennsylvania and Washington, D.C., totaling nearly $125 million, the source reported.

Based in Columbia, Maryland, PSG specializes in the adaptive reuse of historic and distressed structures. It also provides brokerage, construction, development and property-management services. Its real estate portfolio includes mixed-use, multi-family and office properties.

Source: Commercial Observer, PSG Appoints Noah Obuchowski as CIO to Lead Self-Storage Investment