Storage Pros Management (SPM) Announces Promotion of Chief Financial Officer To Expanded Company Role

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Other strategic personnel moves position SPM for enhanced client and investor satisfaction, as well as continued property management growth

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Storage Pros Management LLC (http://storageprosmanagement.com/), is pleased to announce the promotion of John D. Price III to Executive Vice President and Chief Financial Officer, with expanded responsibility for the full breadth of company operations and performance.

Previously, as SVP and CFO, Mr. Price led the improvement of numerous aspects of the company’s performance, instituted enhanced processes and controls, and built a scalable solution that facilitated in excess of 100% managed property growth since joining the company one year ago. Mr. Price’s focus on revenue management and cost containment has materially benefitted the managed property portfolio.

David M. Levenfeld, President and CEO, commented, “John’s contributions to building a strong financial infrastructure, coupled with his focus on cross-functional accountability and improvements, make his promotion a logical next step in SPM’s evolution. I am confident that the company, its clients and its investors will benefit from John’s broadened focus.”

SPM is also pleased to announce additional strategic personnel moves as it further strengthens its property management capabilities. Peter Spickenagel is promoted to Senior District Manager with direct oversight of the company’s district managers and field operations. Jeff Skogen will serve as VP of Sales & Training, and will design and implement critical employee development programs in addition to leading the onboarding of new properties. Liz Rogala is promoted to Manager of Marketing & Corporate Administration, with added responsibilities for designing and executing property marketing programs.    Finally, Kim O’Connell will continue in her capacity as VP & Controller, with enhanced responsibilities for the company’s accounting, reporting and cash management functions.

Added Mr. Levenfeld, “With Peter, Jeff, Liz, and Kim providing leadership across the key functions of the company, SPM will be further positioned to maximize client and investor value and service, while providing a solid foundation for continued future growth. We are extremely pleased to have such dedicated professionals serving in these critical roles.”

SPM, founded in 2007, operates 58 self storage facilities in New England, the Midwest and the Southeast, comprised of more than 3,100,000 square feet of storage space. SPM offers comprehensive third-party self storage property management services, including receivership. The SPM platform is focused on leveraging economies of scale by aggregating multiple assets within each market in which SPM operates. This approach, combined with a focus on revenue management, positions SPM to enhance property valuation.

SPM’s third-party client base includes private equity funds, lending institutions and individual investors.

For more information on SPM, please visit http://www.storageprosmanagement.com.

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Liz Rogala
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