MALVERN, PA -- (Marketwired) -- 01/02/14 -- CubeSmart (NYSE: CUBE), a self-administered and self-managed real estate investment trust focused on self-storage facilities, today announced that the Company has completed its senior leadership transition and headquarters relocation.
Senior Leadership Transition
Effective January 1, 2014 and following a thoughtful and well-coordinated succession plan, Christopher P. Marr is CubeSmart's president and chief executive officer and has joined the Company's Board of Trustees. Since joining the Company in 2006, Mr. Marr has held a variety of positions, including president, chief operating officer, chief investment officer, and chief financial officer.
This CEO transition coincides with the retirement of Dean Jernigan, who served as CubeSmart's chief executive officer and a member of the Company's Board of Trustees from April 2006 through December 2013. In addition to his retirement from the CEO position, Mr. Jernigan no longer serves on the Company's Board of Trustees.
On December 16, 2013, the Company completed the relocation of its corporate headquarters to 5 Old Lancaster Road, Malvern, PA. The Company-owned, 86,000 square foot property offers an open and collaborative work environment for CubeSmart's headquarters-based team members, including its National Sales Center, and the flexibility to support future growth.
The location has a unique dual-use application, serving not only as the Company's corporate office, but also as a fully-operational, 236 unit self-storage facility that will be an important internal resource for training, systems implementation, and business development. The storage facility will open for external business on January 16, 2014.
About the Company
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 527 self-storage facilities across the United States. According to the 2012 Self Storage Almanac, CubeSmart is one of the top four owners and operators of self-storage facilities in the U.S.
The Company plans to exceed Customer expectations by adding more personalized services and technology to some of the best storage spaces around. The Company's self-storage facilities are designed to offer affordable, easily accessible, secure, and, in most locations, climate-controlled storage space for residential and commercial customers. CubeSmart® services include storage customization, logistics services, comprehensive moving services, organizational services, and office amenities.
Company Contact: CubeSmart Tim Martin Chief Financial Officer (610) 535-5700
S&P and the Client grant to you a limited, personal license to access the Site and to access and download the Contents, but only for your own personal, family and household use. You may not use, reproduce, distribute or display any portion of the Site for any other purpose, including without limit any commercial purpose. You may use the Site and the Contents for lawful purposes only. S&P and Client reserve all rights not expressly granted, including the right to terminate your use of the Site without notice.
The Site contains copyrighted material, trademarks and service marks, and other proprietary information, including but not limited to text, software, and graphics, which materials are owned by S&P and/or its Client. S&P and Client reserve all rights in the Contents. You agree not to reproduce, distribute, sell, broadcast, publish, retransmit, disseminate, circulate or commercially exploit the Site or the Contents without the express written consent of S&P and the Client.
You agree to access the Contents and the Site manually, by request, and not automatically, through the use of a program, or other means. You agree not to take any action, alone or with others, that would interfere with the operation of the Site, to alter the Site in any way, or to impede others' access to and freedom to enjoy and use the Site as made available by S&P and S&P’s Client.
THE SITE AND THE CONTENTS ARE PROVIDED ON AN "AS IS" BASIS. S&P, ITS CLIENT, AND ANY OTHER PROVIDERS OF THE INFORMATION EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF ACCURACY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.
NEITHER, S&P, THE CLIENT NOR EITHER OF THEIR AFFILIATES, SHAREHOLDERS, OFFICERS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, EXEMPLARY , PUNITIVE SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATING TO THE SITE, THE USE OF OR INABILITY TO USE THE SITE, OR THE CONTENTS, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN PARTICULAR, S&P WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY YOUR RELIANCE ON INFORMATION OBTAINED THROUGH THE SITE.
It is your responsibility to evaluate the accuracy, completeness or usefulness of any of the Contents available on the Site. Please seek the advice of professionals regarding the evaluation of any of the information on the Site.
The Site does not represent an offer or solicitation with respect to the purchase or sale of any security.
|CubeSmart Storage | Storage Locations | Testimonials | Customer Center | En Espanol | Storage Auctions | International Storage Partners | Investor Relations|
* Storage unit sizes are approximate.
†Click here for promotion details. Promotions available on select units and cannot be combined with other offers.
Other restrictions, taxes and fees may apply.
|© 2017 CubeSmart. All rights reserved.|