Many retirees downsize, moving from single-family homes into smaller condominiums or apartments, and need storage space because of that, he says.Â, “We are really benefitting on both sides of the demographic equation” when it comes to millennials and boomers, he says.Â, CubeSmart is undertaking a modest level of development in its target markets. Include this LinkedIn profile on other websites In 2012, he also assumed the role of chief operating officer. See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. CubeSmart has sold nearly a third of the properties it owned in 2006 and recycled the proceeds into nearly $2 billion of acquisitions, according to Green Street. There are 100+ professionals named "Chris Marr", who use LinkedIn to exchange information, ideas, and opportunities. View Chris Marr’s profile on LinkedIn, the world’s largest professional community. It is also a major player in the Chicago, Dallas-Fort Worth, and Washington, D.C, metro areas. View Christopher P.’s profile on LinkedIn, the world’s largest professional community. He and Jernigan promptly embarked on a dramatic repositioning of the company’s portfolio. Because moving is stressful, CubeSmart strives to set itself apart by making things easier for customers, Marr says. Today, Malvern, Pa.-based CubeSmart is taking full advantage of the strong rebound in its sector and has moved out from behind the shadow of its larger peers. There are 100+ professionals named "Christopher Marr", who use LinkedIn to exchange information, ideas, and opportunities. Jeffrey P. Foster, SVP & Chief Legal Officer, In a widely anticipated transition in January 2014, Jernigan retired, and Marr became president and CEO. Marr also joined the company’s board. View the profiles of professionals named "Christopher P." on LinkedIn. See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of December 23, 2008 by and between U-STORE-IT TRUST, a Maryland real estate investment trust (the “Company”), and Christopher P. Marr (the “Executive”). Jernigan was already a well-regarded industry veteran when he joined CubeSmart in April 2006. View Christopher P’S profile on LinkedIn, the world's largest professional community. In late 2008, he was named president and chief investment officer. “They absolutely provided a steady hand on the wheel.”, Marr, 50, has spent the majority of his career in the self-storage sector. Christopher tiene 15 empleos en su perfil. In recent years, the company has paid down that CMBS debt, giving it greater balance sheet flexibility, and funded acquisitions with unsecured debt and common equity.Â, “As that CMBS debt has come due, we have paid it down with a combination of equity and unsecured debt. Accede a conocimientos, información y oportunidades. “The weird thing about the self-storage business,” he explains, “is that people like to be near their stuff. See others named Christopher Marr Christopher’s public profile badge. See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. See the complete profile on LinkedIn and discover Chris’ connections and jobs at … Today, CubeSmart has also solidified its balance sheet. I relished the opportunity to get back involved with a sizeable platform,” says Marr, explaining his decision to join CubeSmart. So each time millennials move, they might be in need of storage,” he says. Ve el perfil completo en LinkedIn y descubre los contactos y empleos de Christopher en empresas similares. The company, which was previously called U-Store-It Trust, was staggering under the weight of rapid expansion, and its portfolio was suffering from above-average vacancy rates. View Christopher Marr’s professional profile on LinkedIn. View Christopher P.’s profile on LinkedIn, the world’s largest professional community. However, Marr says its portfolio is “at the top of the heap” from a demographic perspective thanks to the repositioning. Website: www.cubesmart.com LinkedIn is the world’s largest business network, helping professionals like Christopher P. discover inside connections to recommended job candidates, industry experts, and business partners. View Christopher Marr-Laing’s profile on LinkedIn, the world’s largest professional community. Ve el perfil completo en LinkedIn y descubre los contactos y empleos de Christopher en empresas similares. When you see job growth and consumer confidence improving, it gives people the confidence to move,” which generates demand for self-storage space, he explains. CubeSmart has remained “laser-focused” on buying higher-quality properties and shied away from acquiring portfolios that would bulk up its holdings but potentially dilute asset quality, according to a Green Street report. In late 2008, he was named president and chief investment officer. We have also acquired properties on a leverage-friendly basis, improved the maturity profile of our debt and improved our coverage by successfully growing same-store net operating income,” Marr explains.Â, The company’s much-improved financial condition hasn’t gone unnoticed. Christopher P. | Dayton, Ohio | Physicist, Plasma Laboratory Director at Riverside Research | 91 connections | See Christopher's complete profile on Linkedin and connect When Jernigan took the helm of the company in 2006, its balance sheet was heavily financed using commercial mortgage-backed securities (CMBS), Marr notes. Adjusted funds from operations increased 12 percent on a year-over-year basis in the third quarter.Â, Ticker: CUBE (NYSE) Its facilities offer a host of free services and amenities, from Wi-Fi to workstations. View Christopher P. Co’s profile on LinkedIn, the world’s largest professional community. U-Store-It Trust – CHRISTOPHER P. MARR AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (March 2nd, 2009). Marr expects demand to remain robust given the country’s improving jobs outlook, which has bolstered consumer confidence. Properties in high-density trade areas have a deeper demand pool from which to draw as the need for self-storage space changes over time, the report states. Christopher has 5 jobs listed on their profile. In 2009 it issued common equity to address upcoming debt maturities and leverage that had reached 70 percent, reports Green Street. With portfolio occupancies at all-time highs, operators will have to focus more on increasing rents to drive revenue growth, Burke says. In the past, decisions about rental rates were typically made at the local level by property managers. Christopher has 1 job listed on their profile. That same year, it rolled out an $8 million rebranding campaign, changing its name from U-Store-It Trust to CubeSmart. Last summer, CubeSmart’s portfolio reached an all-time high occupancy level of 93 percent, according to Marr.Â, In the third quarter of last year, the company’s same-store net operating income grew by nearly 11 percent, on a year-over-year basis, thanks to a combination of sector-leading revenue growth of nearly 8 percent and a slight increase of about 1 percent in property operating expenses. They do that because of the power of our brand in that market and others,” Marr explains.Â, CubeSmart is now a market leader in New York City, where it has made smaller acquisitions and undertaken some development since the Storage Deluxe deal. With the heavy lifting complete, CubeSmart is now largely focused on further improvements to its portfolio through acquisitions and development, Green Street reports. In recent years, CubeSmart and its publicly traded peers have made major investments in technology, particularly with regard to Internet marketing and revenue-management systems. National Association of Real Estate Investment Trusts® and Nareit® are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). In addition, he makes $5,357,600 as President, Chief Executive Officer, and Trustee at CubeSmart. Christopher has 11 jobs listed on their profile. View Christopher P. Tsavoussis’ profile on LinkedIn, the world’s largest professional community. In 2012, he also assumed the role of chief operating officer. Más de 675 millones de miembros | Gestiona tu identidad profesional. See the complete profile on LinkedIn and discover Christopher P.’s connections and jobs at similar companies. At the same time, it has made acquisitions in densely populated markets with high median incomes. You can always drive further away and find a cheaper storage unit, but people generally don’t do that.”Â, Marr says CubeSmart will continue to take a disciplined approached to acquisitions, cherry picking stable individual assets and small portfolios of stable facilities in target markets. Volume: 1,116,208 Most recently he exercised 80,589 units of … He promptly hired Marr, who had worked under him as chief financial officer of Storage USA Inc., a publicly traded REIT that Jernigan founded in 1994 and years later sold to a unit of General Electric Co. Marr joined CubeSmart in June 2006 as its chief financial officer and treasurer. “There is still plenty of runway to improve those systems.”, Technological advances in digital marketing and revenue management, along with low levels of new supply, have led to record-high occupancies across the sector, according to Green Street. THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of December 23, 2008 by and between U-STORE-IT TRUST, a Maryland real estate investment trust (the “Company”), and Christopher P. Marr (the “Executive”). What’s more, the costs associated with competing with dominant players from an operational perspective, particularly when it comes to digital marketing and other types of technology, have become a deterrent to many would-be developers, Marr points out.Â, “The issue in our industry that has typically been a headwind is excessive new supply. Number of Properties: 598 During the five-year period following its IPO in 2004, the company had an average leverage ratio of 50 percent. He promptly hired Marr, who had worked under him as chief financial officer of Storage USA Inc., a publicly traded REIT that Jernigan founded in 1994 and years later sold to a unit of General Electric Co. Marr joined CubeSmart in June 2006 as its chief financial officer and treasurer. Presently, Christopher P. Marr is President, Chief Executive Officer & Trustee at CubeSmart and Chief Executive Officer & Trustee at CubeSmart LP (a subsidiary of CubeSmart). Chris has 5 jobs listed on their profile. Christopher P. has 3 jobs listed on their profile. Christopher has made over 12 trades of the STAG Industrial stock since 2012, according to the Form 4 filled with the SEC. Management Team: Phone: 610-535-5700 Those investments have served them well when it comes to attracting new customers and using data to drive decisions about rental rates. Christopher P. has 8 jobs listed on their profile. The company’s small size relative to Public Storage and Extra Space Storage is an advantage in terms of external growth, given that acquisitions and developments can more easily move its “net asset value needle,” the report notes.Â, Population density, according to the report, is arguably the most important factor driving demand for self-storage space. Christopher P. Marr has been Chief Executive Officer of CubeSmart since January 1, 2014. “Dean Jernigan and Chris Marr did a masterful job of managing the company’s balance sheet through the downturn and coming out of the recession were able to pay down debt and improve occupancy levels. The campaign, says Marr, has both alleviated confusion among consumers and boosted name recognition.Â, “In the New York City market, a large percentage of our customers go online and do a direct search for us to start the process of finding storage space that meets their needs. See Christopher P Marr's compensation, career history, education, & memberships. Christopher has 3 jobs listed on their profile. View Christopher P.’s profile on LinkedIn, the world’s largest professional community. The highly fragmented nature of the sector offers plenty of opportunities: Publicly traded REITs own only about 10 percent of all self-storage properties in the United States, Burke notes.Â. Many millennials prefer city living, even if that means living in tight quarters, and renting rather than owning, he explains. Yield:2.6% Sector: Self Storage Join Facebook to connect with Christopher Mar and others you may know. Rather than simply answering the phone, for instance, we want to welcome you back as a repeat customer and offer services that might meet your needs,” Marr observes.Â. 52-Week-High: $25.78 View Christopher P.’s profile on LinkedIn, the world’s largest professional community. The estimated Net Worth of Christopher P Marr is at least $22.2 Million dollars as of 3 September 2019. See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. The complete profile on LinkedIn, the world’s largest professional community last year, it made... Rents to drive decisions about rental rates because moving is stressful, CubeSmart has also solidified its sheet..., ” he says self-storage sector are so strong, and Washington D.C. 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