Kenneth M. Woolley
Extra Space Storage/Founders
(the “Company”) (NYSE: EXR) is celebrating its 40th anniversary in the storage industry. Founder, Ken Woolley , constructed his first property in Billings, MT in May of 1977 after becoming interested in the business through a research project as a graduate student at Stanford University .
Who is the CEO of Extra Space Storage?
Joseph D. Margolis (Jan 2017–)
Extra Space Storage/CEO
Chief Executive Officer Joseph D. Margolis has served as our Chief Executive Officer since January 1, 2017. Previously, he served as our Executive Vice President and Chief Investment Officer (“CIO”) from July 2015 until December 31, 2016. Mr.
Is Extra Space Storage a REIT?
Extra Space Storage Inc. is a fully integrated, self-administered, and self-managed REIT. The company is the second largest owner and/or operator of self-storage properties in the U.S. and is the largest self-storage management company in the U.S.
How many locations does Extra Space Storage have?
Our facilities are everywhere! You have probably seen an Extra Space Storage sign near your home or office. We have properties in 40 states, Washington, D.C. and Puerto Rico. We own or operate over 1,800 stores, comprising approximately 1.3 million units and 135 million square feet of rentable space.
How much does a public storage franchise cost?
Fee structure The minimum investment for developing a Storage Authority franchise is about $200,000, according to the company’s website. Franchisees pay a one-time franchise fee of $20,000 per facility. After that, a franchisee pays 6 percent of revenue as a royalty fee and a 2.5 percent advertising fee.
How many employees does Extra Space Storage have?
4,048
Extra Space Storage
| Type | Public company |
|---|---|
| Total assets | $8.532 billion (2019) |
| Total equity | $2.539 billion (2019) |
| Number of employees | 4,048 (2019) |
| Website |
How often does Extra Space Storage raise rates?
Climate-controlled unit pricing varies based on many factors, but you can expect approximately a 30% increase. Extra Space Storage routinely offers discounts and other incentives such as a free first month of storage.
Is Cubesmart publicly traded?
CubeSmart is a real estate investment trust that invests in self storage facilities….CubeSmart.
| Type | Public company |
|---|---|
| Traded as | NYSE: CUBE Russell 1000 Index component |
| Industry | Real estate investment trust |
| Founded | July 2004 (as U-Store-It Trust) Maryland, U.S. |
| Headquarters | Malvern, Pennsylvania |
