Self-Storage Investment Firm Boardwalk Development Names Director of Acquisitions

Boardwalk Development Group LLC (BDG), a private-equity investment company focused on self-storage, has appointed Scott Shearer as director of acquisitions. His skills in financial modeling, market analysis and strategic planning will play a crucial role in BDG’s future acquisitions and investment strategies, according to a press release.

Most recently, Shearer served as acquisitions lead for OrbVest, a real estate investment firm that focuses on medical-commercial real estate across the United States. He was instrumental in sourcing and closing 16 deals valued at approximately $186 million, the release stated.

Shearer has also held positions at BWS Commercial, RCG Ventures LLC, SitusAMC and Trimont Real Estate Advisors, where he honed his skills in financial analysis, underwriting and market research. At RCG, he was responsible for portfolio underwriting and analytics as well as financing initiatives for a $1 billion national retail portfolio. At SitusAMC, he underwrote more than $250 million in commercial mortgage-backed securities loans.

“We are thrilled to welcome Scott Shearer to our team,” said Raj Sheth, CEO of BDG. “His experience and track record in acquisitions align perfectly with our growth strategy. Scott's leadership will be invaluable as we continue to expand our portfolio and deliver exceptional value to our investors.”

“I’m excited to join Boardwalk Development Group and contribute to its growth trajectory,” Shearer said. “I look forward to leveraging my experience to drive strategic acquisitions and deliver exceptional value to our stakeholders.”

Founded in Atlanta in 2016 by Sheth, BDG specializes in self-storage and boat-storage acquisition, development, investment and operations in the Southeast. It has acquired or built more than $500 million in the sector and has $300 million under development.