Macquarie Asset Management Announces Launch of Summerland Storage Partners, a Self-Storage Platform

Business Wire

5 days ago

NEW YORK--(BUSINESS WIRE)--Today, Macquarie Asset Management ('MAM') announced the launch of Summerland Storage Partners, a self-storage platform with a strategy aimed at crafting a geographically diverse portfolio of self-storage assets, positioned strategically within key United States markets. The platform will be owned by a MAM-managed fund, alongside the management team.
The management team is composed of former executives from Life Storage, a leading self-storage real estate investment trust and management company, including:
David Dodman, Chief Executive Officer and Co-Founder
Jonathan Attea, Chief Investment Officer and Co-Founder
Michael Rogers, Chief Operating Officer and Co-Founder
The management team collectively brings over 60 years of experience in the self-storage and finance sectors, including most recently at Life Storage.
Through its active asset management approach, MAM intends to leverage its experience in scaling specialist operators to assist Summerland Storage Partners in building partnerships with global institutions to capitalize on attractive opportunities in the sector. Summerland Storage Partners' launch includes an investment from one of Canada's largest pension investors in 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, said, '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.'
'We intend to build a strong presence in the self-storage industry through shrewd acquisitions,' said David Dodman, CEO of Summerland Storage Partners. '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.'
About Macquarie Asset Management
MAM is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US588.1 billion in assets, MAM provides a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset.
MAM is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,000 people in 34 markets and is listed on the Australian Securities Exchange.
All figures as of 31 March 2025.
About Summerland Storage Partners
Summerland Storage Partners is a New York-based self-storage platform dedicated to assembling a market-leading self-storage portfolio.
It is supported in this goal through a strategic investment from a fund managed by MAM. MAM's differentiated real estate strategy focuses on investing into and partnering with specialist operating platforms. Through this strategic investment and MAM's active asset management approach, Summerland Storage Partners is able to leverage MAM's deep resources and expertise.
Summerland Storage Partners' highly experienced team invests to build a geographically diverse portfolio of high-performing self-storage assets, strategically located in major markets across the United States.
Other than Macquarie Bank Limited ABN 46 008 583 542 ('Macquarie Bank'), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.
Notes to Editors
David Dodman, Chief Executive Officer: Dave's responsibilities include strategic planning, financial oversight of the company and its real estate portfolio, investor relations and capital markets Dave previously served as Chief Operating Officer and Senior Vice President of Corporate Planning & Investor Relations at Life Storage, Inc. As COO, Dave had operational authority for the company's 1,200+ facilities and associated team members, oversaw revenue management and led the company's Enterprise Program Management Office to identify, prioritize and lead key strategic projects designed to improve operating and financial performance. Prior to joining life Storage, Dave held various corporate strategy, mergers and acquisitions, and operational roles at KeyCorp, First Niagara Financial Group, Inc. and Lockheed Martin Corporation; he also worked in the Corporate Finance/Investment Banking departments of Legg Mason, Inc. and Stifel Financial Corp.
Jonathan Attea, Chief Investment Officer: Jonathan guides acquisition strategy, capital markets, and sourcing of investment opportunities for Summerland 23 years of experience sourcing, underwriting, and negotiating self-storage investments, and forming strategic joint ventures to support investment activity Jonathan was Vice President of Acquisitions at Life Storage, contributing to formulating Life's acquisition strategy and sourcing, underwriting, and negotiating over $5 billion in successful transactions over a 5-year tenure Prior to joining Life Storage, Jonathan was an associate at the Locke Group, a boutique commercial real estate consulting firm specializing in self-storage transactions
Michael Rogers, Chief Operating Officer: Mike's responsibilities include strategic planning, negotiations, integration of acquisition and development sites, development & construction oversight, asset management Mike was instrumental in driving growth initiatives for Life Storage, where he served as Senior Vice President of Real Estate from 2018 through the company's $16 billion merger in 2023 In that role, he led the Acquisitions, Third Party Management, and Construction divisions From 2012 through 2018, Mike served as Vice President of Acquisitions, focused on growing the Life Storage portfolio count Prior to 2012, Mike held various other positions at the company, including Vice President of Real Estate, Due Diligence Officer, and Acquisitions Officer