Banner Storage Group was formed in 2013 to diversify the company’s real estate holdings outside of Banner’s multifamily focus.

While Banner studied a number of real estate asset classes to invest in, it was attracted to self-storage by the compelling industry fundamentals, coupled with the synergies between multifamily and self-storage properties. 

Storage Development Strategy

  • Develop institutional-grade, urban-infill, climate controlled properties in premier locations nationwide
  • Partner with established, best-in-class national management platforms to maximize leasing, operational and economic performance
  • Target locations with high population density, as well as good visibility and high traffic counts, where competitive supply will remain less than the submarket's equilibrium
  • Leverage in-house expertise to smoothly navigate the zoning, approval and design processes and ensure projects are completed as scheduled and budgeted
  • Maximize long-term value creation, while opportunistically accessing the sale market to enhance Banner’s pipeline and development relationships

Storage Development Projects

BANNER DRIVE
  • Dallas, TX
  • 106,100 GSF
  • Completed December 2016
CORAL WAY (CALLE OCHO)
  • Miami, FL
  • 95,520 GSF
  • Completed January 2017
DOWNTOWN
  • Miami, FL
  • 110,036 GSF
  • Completed October 2017
EDGEWATER
  • Chicago, IL
  • 120,642 GSF
  • Completed February 2016
HIALEAH
  • Miami, FL
  • 99,344 GSF
  • Completed September 2017
LEMON CITY
  • Miami, FL
  • 71,132 GSF
  • Completed May 2017
LOMBARD
  • Chicago, IL
  • 108,379 GSF
  • Completed January 2017
LYNN
  • Lynn, MA
  • 101,245 GSF
  • Completed June 2015
MONTFORT
  • Dallas, TX
  • 115,358 GSF
  • Completed July 2016
MT GREENWOOD (111th STREET)
  • Chicago, IL
  • 69,169 GSF
  • Completed September 2017
NORTH MIAMI
  • Miami, FL
  • 100,285 GSF
  • Completed February 2016
WINDSOR
  • Fort Worth, TX
  • 110,889 GSF
  • Completed January 2018
HOSFORD-ABERNETHY
  • Portland, OR
  • 120,000 GSF
  • In Progress (representative rendering)
LAKEWOOD
  • Denver, CO
  • 121,520 GSF
  • In Progress
MALDEN
  • Boston, MA
  • 143,912 GSF
  • In Progress
NEW ROCHELLE
  • Westchester County, NY
  • 108,588 GSF
  • In Progress
NORTH TOWN
  • Chicago, IL
  • 97,990 GSF
  • In Progress
SUNSET PARK
  • Brooklyn, NY
  • 139,264 GSF
  • In Progress

Storage Development Leadership


Read Bio
William Henry
President,

Banner Development, LLC
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Eric Walesh
Vice President of Development,

Banner Storage Group, LLC
Read Bio
Margo Conley
Vice President of Development,

Banner Storage Group, LLC
Read Bio
Rick Henry
Vice President of Design and Construction,

Banner Development, LLC