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Self-Storage REIT Life Storage Announces Chief Financial Officer Succession Plan

Life Storage Inc., a self-storage real estate investment trust (REIT) and management company, will elevate Alexander Gress, vice president of finance, corporate planning and investor relations, to chief financial officer (CFO) when current CFO Andrew Gregoire retires on Jan. 2. Gregoire will stay on in an advisory role through June 20 to assist with the transition, according to a press release.

“On behalf of myself, the management team, the board and the entire Life Storage team, I want to express my deepest appreciation and gratitude to Andy for his invaluable contributions and dedication to Life Storage,” said CEO Joseph Saffire. “During Andy’s more than 24-year career with us, he was instrumental in helping us successfully grow and scale into the national presence we have today.”

Gress joined the REIT’s leadership team about a year ago. “Alex’s strong international banking background and experience in capital markets, corporate strategy and real estate makes him uniquely suited to help Life Storage achieve its next level of success,” Saffire said. “The management team and I look forward to working closely with Alex and his ongoing contributions to our growing platform.”

Gress came to Life Storage from real estate investment platform Hamister Group LLC, where he served as executive vice president and CFO. He began his career at Price Waterhouse LLP in New York City before holding senior-level and leadership roles in capital markets with JPMorgan and Lehman Brothers in London and in venture capital in Toronto.

Based in Buffalo, N.Y., Life Storage operates more than 1,100 self-storage facilities in 37 states. Its portfolio of owned and managed facilities comprises more than 81 million square feet.

Source: Yahoo, Life Storage Inc. Announces Executive Leadership Succession

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