About Us

About Devon Self Storage

Welcome to Devon Self Storage Holdings (US), LLC. Since 1993, we have drawn from the vast experience of our management team in order to achieve our primary objective of the highest returns commensurate with acceptable risk for our investment partners. As partners with institutional investors and private high net-worth individuals, our team has been successful given a wide array of market conditions.

Over the past twenty years, we have owned or managed 140 facilities in 23 states with a market value of $1,200,000,000. Not only have we had a presence in the United States, but also internationally with projects in Holland, Germany and France. Today, Devon is ranked as one of the top 15 self storage operators in the U.S. This exposure has prepared us with a depth of experience which is so readily in demand today.

With over twenty years of experience solely in self storage, we have been exposed to the ever-changing world of self storage that has come out of obscurity to become an acceptable and viable asset class. Our experience ranges from construction of new facilities to stabilized sites looking to achieve net operating maximization.

Our principals are among the industry leaders, having served as a past President of the National Self Storage Association, with current principals serving on various State and National Boards. We possess the necessary experience to meet and exceed the complex requirements faced by today’s self storage owners. We invite you to experience the “Devon Difference” in fulfilling all of your property and asset management needs – together we can achieve your investment objectives.

Our Leadership

Kenneth E. Nitzberg – Chairman and Chief Executive Officer

Mr. Nitzberg co-founded Devon in 1988 and, as Chairman and Chief Executive Officer, is responsible for overseeing Devon’s overall operations. Mr. Nitzberg was responsible for formulating Devon’s original business plan, raising the venture capital to fund the company’s initial operations, assembling a staff of professionals and commencing Devon’s operations. Prior to co-founding Devon, Mr. Nitzberg co-founded Equitec in 1973. Mr. Nitzberg served as Director from Equitec’s inception and as President from 1977 until his departure. He was instrumental in growing the company to an organization with $4.5 billion in assets under management, of which $2 billion was in real estate, for 250,000 individual investors and 100 institutional clients. In 1983, Equitec made its initial public stock offering and, in 1984, was listed on the New York Stock Exchange. In 1987, a controlling interest in Equitec was sold, and Mr. Nitzberg left shortly thereafter. Mr. Nitzberg served as Chair of the national Self Storage Association, the national trade organization representing the self storage industry, during 2006. Mr. Nitzberg received his B.S. in Agricultural Business Management from the University of California at Davis in 1968.

 

Robert Francis – Regional Vice President

Mr. Francis joined Devon in October 2013 and is responsible for Devon’s southeastern self storage assets.  Mr. Francis, an icon in the self storage industry, has over 25 years of active involvement in self storage.  Bob started his career with Storage USA and has also worked with Public Storage and Southern Self Storage. In 2004 he formed The Herron Group to provide self storage management services as well as consulting and feasibility services. During his long and distinguished career he served nine years on the national Self Storage Association Board of Directors including holding the Chairmanship in 2008.  In addition he has served on the Florida Self Storage Association Board of Directors and was on the former Southeast Regional Board of the Self Storage Association.   Mr. Francis currently is a licensed Real Estate broker in the State of Florida. Mr. Francis is a Certified Property Manager and resides in Orlando, Florida, where he will continue to be based.

 

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