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Indiana Apartment Leader Diversifies With Self-Storage

After resting on the development side for more than 15 years, Indiana apartment leader Gene B. Glick Co., is once again developing and acquiring apartment communities--and looking to diversify with self-storage facilities too.

The Gene B. Glick Co., Indiana’s largest owner and manager of apartment communities, spent approximately 20 years building its empire, which had grown to 100 properties and 18,000 total units across 10 states by the early '90s. Having rested on the development side for more than 15 years, new company leadership has returned to building and acquiring apartment properties―and setting its sights on the self-storage industry.
Company founder Gene Glick, now 87, is retired and focusing on philanthropic efforts. His grandson-in-law, 38-year-old David Barrett, took over the company as CEO about a year ago. Under Barrett’s direction, the company is not only breaking ground on new apartment projects, for the first time ever, it is acquiring existing ones.
In addition, Glick Co. has diversified its portfolio with the addition of self-storage. The company
broke ground on a new facility in Westfield, Ind., and is looking to build another in Carmel. It will also entertain self-storage acquisition opportunities.

Source: Indianapolis Business Journal, Back in the game

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