Development and real estate firm InSite Property Group has hired Nathan McElmurry as senior vice president in charge of acquisitions for the company’s SecureSpace Self Storage brand. SecureSpace operates six facilities in California, Florida, New Jersey and New York, while InSite has more than 20 self-storage projects in its development pipeline, according to a press release.
“We are thrilled to have Nathan join our growing team,” said Keith Wetzel, managing partner. “Nathan shares our long-term optimistic view of the self storage market, and we welcome his expertise in helping us execute on our growth over the next several years.”
McElmurry comes to InSite from a similar role with SmartStop Self Storage REIT Inc., a self-managed real estate investment trust that operates the SmartStop Self Storage brand. During his five years with the company, he led the acquisition of about 150 properties, the release stated. The REIT has $1.6 billion of real estate assets under management, including 112 storage properties in 17 states and Toronto, and manages another 29 in 10 states.
Prior to SmartStop, McElmurry was director of acquisitions for Trico Investments, a real estate investment company that provides acquisition, architectural, construction, development and third-party management services in California, Florida and Texas. He also served as director of acquisitions for MDI Capital LLC, the U.S. real estate subsidiary of Kuwait Financial Centre, an international investment bank. Additional positions include director with GE Capital Real Estate and a senior analyst in the Capital Markets Group for CBRE.
McElmurry graduated from Texas A&M University's Dwight Look College of Engineering and earned his MBA from the University of Texas' McCombs School of Business, with a focus on real estate finance.
Based in Redondo Beach, Calif., InSite is an integrated developer, builder and operator of commercial real estate.
Sources:
Commercial Property Executive, InSite Property Group Strengthens Self Storage Team
Yahoo Finance, InSite Property Group Hires Senior Vice President - Head of Self Storage Acquisitions