Self-Storage Investment Firm Boardwalk Development Names New President

Boardwalk Development Group LLC (BDG), a private-equity investment company focused on self-storage, has promoted Doug Steverson to president. In his new role, Steverson will oversee operations and serve on BDG’s investment committee, according to a press release.

Steverson has been with BDG for five years, having previously served as director of acquisitions. With more than 15 years of acquisition experience, he developed his leadership skills through real estate brokerage NAI Brannen Goddard and other ventures, the release stated.

“Since joining Boardwalk Development Group, Doug has been instrumental in the acquisition and disposition of over $300 million in assets,” company officials said. “He brought valuable deal-making, underwriting and negotiating skills to the company and used these to dramatically increase the Boardwalk’s growth and expansion.”

BDG was recently named to “Inc.” Magazine’s list of 5,000 fastest-growing private companies for 2023 and last year was ranked the seventh-fastest growing company in Georgia by the “Atlanta Business Chronicle.”

“Doug’s tenacity, vision and ability to navigate complex transactions has been a critical component to the company’s success,” officials said.

Founded in Atlanta in 2016 by Rajen Sheth, BDG specializes in self-storage and boat/storage acquisition, development, investment, and operation in the Southeast. It has acquired or built more than $500 million in the sector.