Calgary, Alberta (PRWEB) September 19, 2008
Real Storage GP Inc. (Real Storage) is a recently formed partnership, based in Calgary, Alberta to acquire and develop self storage facilities across Canada. The partnership is comprised of former executives and portfolio managers in the self storage industry and Realex Properties Corporation, (Realex) a real estate company listed on the TSX Venture Exchange.
Bill Roberts, Partner & President of Real Storage was the Vice President for Stor edge Group of companies prior to the company's sale in 2007. Bill is also on the board of Directors of the Canadian Self Storage Association. Cathy Butler, Partner & Vice President Finance, owned and operated storage properties in addition to acting as Portfolio Manager for a private investment fund. Dave Demchuk, Vice President Operations, was also a former executive with Stor edge as Vice President Operations, and most recently as Director of Operations Western Canada for InStorage REIT. The management team will be responsible for all aspects of the business including operations, development and acquisitions whereas Realex will provide general oversight and capital.
Real Storage has already acquired 4 properties - 2 operating and 2 under development, totaling approximately 245,000 square feet and a number of potential acquisitions are under active negotiation. Real Storage's mandate is to become a leader in the Canadian self-storage industry.
For more information, visit http://www.realstorage.ca
Real Storage GP Inc.
202, 280 Midpark Way SE
Calgary AB T2X 1J6
Phone: 403 234 REAL (7325)
Fax: 403 259 4955