The Storage Acquisition Group (TSAG), a commercial real estate firm that specializes in self-storage transactions, has hired Lloyd McDonald as director of Canadian acquisitions. The appointment will help the company extend its outreach to that country, according to a press release.
McDonald will oversee acquisition efforts throughout the Canadian markets and specialize in purchasing storage facilities and portfolios directly, so the owners never have to list their assets. He’ll provide owners with transparency throughout the sales process, allowing them to net the highest possible profit, the release stated.
McDonald has an extensive background in real estate. He built a private financial-services firm that placed more than $1 billion of investor capital into commercial, industrial and multi-family asset classes across North America. Most recently, he was instrumental in the consolidation of a national self-storage portfolio in Canada. His talent for building relationships, analyzing businesses and negotiating deals make him the ideal leader to oversee the Canadian market, company officials said.
TSAG is a division of Mid-Atlantic Commercial Real Estate. With brokers nationwide, the company represents one of the largest private owners of self-storage in the United States. Its investment fund has allocated more than $2 billion for the acquisition of storage properties.