Macquarie Asset Management (MAM) has announced the launch of Summerland Storage Partners, a new self-storage platform focused on building a diverse portfolio of self-storage assets in key markets across the United States. The platform will be owned by a fund managed by MAM, together with its management team.
The leadership group at Summerland Storage Partners includes David Dodman as Chief Executive Officer and Co-Founder, Jonathan Attea as Chief Investment Officer and Co-Founder, and Michael Rogers as Chief Operating Officer and Co-Founder. All three previously held executive roles at Life Storage, a major self-storage real estate investment trust. Collectively, they bring more than 60 years of experience in the self-storage and finance industries.
MAM plans to use its expertise in supporting specialist operators to help Summerland Storage Partners form partnerships with global institutions and pursue opportunities within the sector. The launch also features an investment from one of Canada’s largest pension investors through one of its ventures.
“Today’s launch continues our history of building platforms globally in our high-conviction sectors,” said Eric Wurtzebach, Head of Real Estate for MAM. “With deep expertise and experience, the Summerland Storage Partners team is well-equipped to not only grow their own portfolio but also to deliver attractive asset management solutions to external clients.”
James Fogarty, Head of U.S. Real Estate for MAM, added: “We view the self-storage industry as a robust, recession-resistant sector with growth potential, driven by rising consumer demand and the trend toward smaller living spaces, which continues to outpace current supply. The sector is still highly fragmented and by setting up this well capitalized platform we can efficiently establish a meaningful foothold in the space.”
David Dodman, CEO of Summerland Storage Partners, stated: “We intend to build a strong presence in the self-storage industry through shrewd acquisitions. With our deep expertise and strategic investment from a MAM-managed fund, we are well-positioned for success and excited to pursue what we believe is a strong opportunity in the market.”
Summerland Storage Partners is based in New York and aims to assemble a leading portfolio of self-storage properties throughout major U.S. markets. The company benefits from strategic investment by an MAM-managed fund and leverages MAM’s resources and experience through an active asset management approach.
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