McLean Investment Bank Hires Self-Storage Veteran to Lead Real Estate Practice Group

The McLean Group, a Virginia-based investment bank, has hired self-storage developer Jeff Weber to lead its newly formed Real Estate Practice Group. The division will service the “lower-middle real estate market” by arranging capital or providing other financing solutions for real estate projects and enterprises, including self-storage, according to the company website.

“The product types we’ll work in are vast. There’s not much limitation. If there’s an appetite on the behalf of investors, then we’re going to try to find them that stuff to invest in. And, there’s a lot of guys who want to invest in storage,” Weber told the source. Interested parties include some who are “very long-term minded and looking to invest in quality storage platforms that want to grow with no time limit,” he said.

Weber has 36 years of commercial real estate investment and development experience in the business-office, industrial, medical-office, multi- and single-family residential, retail, and self-storage sectors, according to a company press release. He was most recently a principal with Resco Self Storage LLC, a Newport Beach, Calif.-based real estate investment group. The company’s history includes the development and construction of facilities for the Shurgard storage brand, which eventually was sold to real estate investment trust Public Storage Inc.

Weber’s career has included stints with Coldwell Banker Commercial Real Estate Services and SDC Development, as well as owned and managed projects for affiliates of J Weber Group, a company he founded in 1985.

In his new role, Weber will be based out of McLean’s Newport Beach office. “As a former real estate developer, I implicitly understand the issues confronting my sponsor clients, from escrow deadlines to governmental entitlements to financing challenges to construction problems to market acceptance,” he said in the release. “I also understand, from an investor’s perspective, the need to properly align a given opportunity with the investment mandate, risk tolerance and overall suitability. I am honored to work at an investment bank with the reputation of The McLean Group, where I can help match these operators with the right providers of equity capital.”

Headquartered in McLean, Va., The McLean Group provides strategic and financial advice on mergers and acquisitions, business valuations and capital formations.