W. P. Carey Inc., a global net-lease real estate investment trust (REIT) that owns 211 self-storage facilities in 29 states, has hired Brian Boulter as director of self-storage. Boulter will be responsible for overseeing the management of the company’s self-storage portfolio on behalf of its managed, non-traded REITs: CPA:17 – Global and CPA:18 – Global, according to a press release.
“Brian brings a strong background in both self-storage acquisitions and asset management to W. P. Carey,” said Jason Fox, president of W. P. Carey. “His experience in both of these areas positions him well to manage our existing portfolio activities on behalf of our managed REITs. We are pleased to have Brian join our self-storage team and welcome him to W. P. Carey.”
Boulter joins the REIT from self-storage investment firm Wasatch Storage Partners LLC where he served as vice president of business development. Prior to Wasatch, he was director of real estate acquisitions at Extra Space Storage Inc., a publicly traded self-storage REIT and third-party management firm. During his seven years at Extra Space, he also served as national procurement manager responsible for feasibility and budgetary analysis, contract negotiations and expense management, the release stated.
In 2016, W. P. Carey completed self-storage transactions totaling approximately $385 million through its managed non-traded REITs. “I look forward to working with Jason and the team at W. P. Carey as well as the opportunity to oversee the management of the self-storage portfolio,” Boulter said.
Boulter holds a master’s degree in real estate from New York University and a bachelor’s degree from Brigham Young University.
Based in New York, W. P. Carey is an investment-management company that oversees a global investment portfolio and has an enterprise value of approximately $10.5 billion. It manages a series of non-traded, publicly registered and private investment programs with assets under management of approximately $12.9 billion. It provides companies worldwide with long-term sale leaseback and build-to-suit financing, and engages in other types of real estate-related investment.