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. Sector: Self Storage Christopher P. Marr, President & CEO See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. In late 2008, he was named president and chief investment officer. That same year, it rolled out an $8 million rebranding campaign, changing its name from U-Store-It Trust to CubeSmart. With portfolio occupancies at all-time highs, operators will have to focus more on increasing rents to drive revenue growth, Burke says. “They absolutely provided a steady hand on the wheel.”, Marr, 50, has spent the majority of his career in the self-storage sector. THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of January 24, 2011 by and between U-STORE-IT TRUST, a Maryland real estate investment trust (the “Company”), and Christopher P. Marr (the “Executive”). However, Marr says its portfolio is “at the top of the heap” from a demographic perspective thanks to the repositioning. 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”). Christopher has 1 job listed on their profile. Local entrepreneurs, he explains, still find it difficult to get construction loans. Share Price: $24.95 Accede a conocimientos, información y oportunidades. Ve el perfil completo en LinkedIn y descubre los contactos y empleos de Christopher en empresas similares. Marr took the helm of a company that has come a long way since he joined it in 2006.Â. “As we develop and enhance systems, we are doing that with the mindset of a more customer-centric approach. Christopher P Marr is President/CEO at Cubesmart. View Christopher Marr’s professional profile on LinkedIn. At the same time, it has made acquisitions in densely populated markets with high median incomes. Because moving is stressful, CubeSmart strives to set itself apart by making things easier for customers, Marr says. 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. 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. Christopher P. | Dayton, Ohio | Physicist, Plasma Laboratory Director at Riverside Research | 91 connections | See Christopher's complete profile on Linkedin and connect Management Team: Más de 675 millones de miembros | Gestiona tu identidad profesional. There are 900+ professionals named "Christopher P.", who use LinkedIn to exchange information, ideas, and opportunities. Nareit's members are REITs and other businesses throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. “The fundamentals of the self-storage sector are so strong, and I find the business to be incredibly interesting. See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. THIS NONCOMPETITION AGREEMENT (this “Agreement”) is entered into as of June 5, 2006 by and between U-STORE-IT TRUST, a Maryland real estate investment trust (the “Company”), and Christopher P. Marr (the “Executive”). Christopher P. Marr has been Chief Executive Officer of CubeSmart since January 1, 2014. Christopher has 3 jobs listed on their profile. See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. There are 100+ professionals named "Christopher Marr", who use LinkedIn to exchange information, ideas, and opportunities. “The weird thing about the self-storage business,” he explains, “is that people like to be near their stuff. 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. Ve el perfil completo en LinkedIn y descubre los contactos y empleos de Christopher en empresas similares. View Chris Marr’s profile on LinkedIn, the world’s largest professional community. CubeSmart continues to build name recognition to go with a bigger portfolio of self-storage properties and services. Customers also can purchase “premium” services for a fee, such as courier delivery of items and professional help with organization of storage units. Adjusted funds from operations increased 12 percent on a year-over-year basis in the third quarter.Â, Ticker: CUBE (NYSE) 110 others named Christopher Marr are on LinkedIn. As the company’s CEO, Marr plans to continue to refine the improvements that Jernigan began implementing. The offices at its facilities have an open layout so that employees and customers can interact casually, rather than being separated by off-putting physical barriers such as high service counters. LinkedIn is the world's largest business network, helping professionals like Christopher Marr discover inside connections to recommended job candidates, industry experts, and business partners. Ve el perfil de Christopher P. en LinkedIn, la mayor red profesional del mundo. Equity Market Cap. Christopher has 4 jobs listed on their profile. In the past eight years, Jernigan, Marr and Timothy M. Martin, the company’s current CFO, have steered CubeSmart through the Great Recession and made big improvements to its portfolio, balance sheet and operating platform. Christopher has 9 jobs listed on their profile. Christopher has 11 jobs listed on their profile. View the profiles of professionals named "Chris Marr" on LinkedIn. View Christopher P. Co’s profile on LinkedIn, the world’s largest professional community. 52-Week-Low: $24.60 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. He and Jernigan promptly embarked on a dramatic repositioning of the company’s portfolio. U-Store-It Trust – CHRISTOPHER P. MARR AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (March 2nd, 2009). During the five-year period following its IPO in 2004, the company had an average leverage ratio of 50 percent. See the complete profile on LinkedIn and discover Christopher’s connections and jobs at similar companies. View Christopher P.’s profile on LinkedIn, the world’s largest professional community. The urban nature of CubeSmart’s portfolio, Marr adds, is a competitive advantage when it comes to capturing demand driven by millennials and retiring baby boomers. View Christopher P.’s profile on LinkedIn, the world’s largest professional community. “CubeSmart and the industry have become increasingly more sophisticated from a revenue-management and digital-marketing standpoint, and we are far from finished,” Marr says. CubeSmart is a much better company today, five years after the recession, than it ever was prior to the recession,” says Petrik of Stifel Nicolaus. Click here to find personal data about Christopher Marr including phone numbers, addresses, directorships, electoral roll information, related property prices and other useful information. CubeSmart has mid-tier investment-grade credit ratings from both ratings services.Â. 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. See the complete profile on LinkedIn and discover Christopher P.’s connections and jobs at similar companies. View Christopher P’S profile on LinkedIn, the world's largest professional community. View Christopher Marr’s profile on LinkedIn, the world's largest professional community. “Strong demand and minimal new construction have been the primary drivers.”Â. CubeSmart has a much smaller portfolio than the two largest REITs in the sector, Public Storage (NYSE: PSA) and Extra Space Storage Inc. (NYSE: EXR). Christopher has made over 12 trades of the CubeSmart stock since 2012, according to the Form 4 filled with the SEC. See the complete profile on LinkedIn and discover Chris’ connections and jobs at … Most recently he exercised 80,589 units of … Yield:2.6% See the complete profile on LinkedIn and discover Christopher P.’s connections and jobs at similar companies. View Christopher P.’s profile on LinkedIn, the world’s largest professional community. View the profiles of people named Christopher Mar. Christopher has 1 job listed on their profile. Marr also joined the company’s board. 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”). Christopher P. has 1 job listed on their profile. 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. Christopher P. has 8 jobs listed on their profile. REITs Lend a Helping Hand During Pandemic, REIT Executives Say Economic Impact of COVID-19 Will Become Clearer by Mid-2021. Today, CubeSmart has also solidified its balance sheet. Number of Properties: 598 In 2011, CubeSmart made a transformative acquisition in New York City, purchasing a $560 million portfolio of 22 class-A facilities from privately held Storage Deluxe. Those investments have served them well when it comes to attracting new customers and using data to drive decisions about rental rates. The estimated Net Worth of Christopher P Marr is at least $22.2 Million dollars as of 3 September 2019. 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. 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. In addition, he makes $5,357,600 as President, Chief Executive Officer, and Trustee at CubeSmart. There are 100+ professionals named "Chris Marr", who use LinkedIn to exchange information, ideas, and opportunities. Income is an important, but secondary, consideration, according to Green Street.Â, Typically, people who rent storage space choose facilities in close proximity to where they live, even if they can find cheaper space further away, says Rod Petrik, a managing director at Stifel Nicolaus. Christopher Marr We found 83 records for Christopher Marr in Maryland, Washington and 26 other states.Select the best result to find their address, phone number, relatives, and public records. Self-storage operators in urban markets are also benefitting from demand generated by retiring boomers who are forgoing golf communities in favor of living in places where they can easily walk to shops, restaurants and theaters and access public transportation, according to Marr. View Christopher Marra, P.E.’s profile on LinkedIn, the world's largest professional community. National Association of Real Estate Investment Trusts® and Nareit® are registered trademarks of the National Association of Real Estate Investment Trusts (Nareit). 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. 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. In 2009 it issued common equity to address upcoming debt maturities and leverage that had reached 70 percent, reports Green Street. We have found 89 people in the UK with the name Christopher Marr. What’s more, many smaller operators are struggling to compete with dominant players on a number of fronts, including technology. All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-, CHRISTOPHER P. MARR AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT. Chris has 5 jobs listed on their profile. Some analysts say the outlook for the self-storage sector is strong, but fundamentals are likely to slow somewhat following several years of explosive growth. View Christopher P’S profile on LinkedIn, the world's largest professional community. View Christopher P. 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