Self-Storage REIT Public Storage Appoints New Independent Board Trustee

Public Storage Inc., a self-storage real estate investment trust (REIT) and management company, has appointed Maria R. Hawthorne as an independent addition to its board of trustees, effective immediately. She’ll serve as an audit committee member. Hawthorne has more than 35 years of real estate industry experience, having held positions in executive management, operations and leadership development. Her term expires at the 2025 annual meeting of shareholders, according to a press release.

Hawthorne also sits on the boards and audit committees for REIT Essex Property Trust Inc., where she’s served since March 2020, and ASGN Inc., a provider of information-technology services to the commercial and government sectors, where she’s served since June 2021. She was director of the board for PS Business Parks for six years until its sale in July 2022. She worked for that company from 1988 until she retired in 2020, holding various C-suite roles and ending her tenure as president and chief financial officer.

“We are pleased to welcome Maria Hawthorne to the board of trustees of Public Storage,” said Ronald L. Havner, chairman of Public Storage. “Maria brings significant leadership acumen to our board, and her deep experience as both a corporate executive and director will serve Public Storage and our stakeholders well into the future.”

Based in Glendale, California, Public Storage has interests in 3,045 self-storage facilities in 40 states, with approximately 218 million net rentable square feet. It holds a 35% interest in Shurgard Self Storage Ltd., which has 279 facilities in seven European countries, with approximately 15 million net rentable square feet.

Source: Quantisnow, Public Storage Appoints New Independent Trustee