Self-Storage Investment Firm Boardwalk Development Names Chief Operating Officer

Boardwalk Development Group LLC, a private-equity investment company focused on self-storage, has promoted Doug Steverson to chief operating officer (COO). He joined the firm in 2018 as director of acquisitions and was instrumental in expanding the company’s real estate portfolio by 600%, according to a press release.

Steverson has led the acquisition and disposition of more than $300 million in self-storage assets for Boardwalk. In his previous role, he was responsible for sourcing new investment opportunities, building relationships with owners and sellers, negotiating deals, and ensuring successful transactions from inception to closing, the release stated.

“Doug’s tenacity, vision and unmatched ability to navigate intricate transactions have been critical to our success at Boardwalk,” said Raj Sheth, CEO of Boardwalk. “His promotion to COO is confirmation of his hard work and dedication, and we’re confident he’ll continue to help lead Boardwalk towards new heights.”

Founded in Atlanta in 2016 by Sheth, Boardwalk 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 and has $300 million under development.