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
  • 101,900 GSF
  • Completed January 2017
EDGEWATER
  • Chicago, IL
  • 118,000 GSF
  • Completed February 2016
LEMON CITY
  • Miami, FL
  • 70,674 GSF
  • Completed May 2017
LOMBARD
  • Chicago, IL
  • 107,000 GSF
  • Completed January 2017
LYNN
  • Lynn, MA
  • 99,000 GSF
  • Completed June 2015
MONTFORT
  • Dallas, TX
  • 123,000 GSF
  • Completed July 2016
NORTH MIAMI
  • Miami, FL
  • 98,720 GSF
  • Completed February 2016
DOWNTOWN
  • Miami, FL
  • 110,500 GSF
  • In Progress
HIALEAH
  • Miami, FL
  • 101,210 GSF
  • In Progress
HOSFORD-ABERNETHY
  • Portland, OR
  • 120,000 GSF
  • In Progress (representative rendering)
LAKEWOOD
  • Denver, CO
  • 103,000 GSF
  • In Progress
MALDEN
  • Boston, MA
  • 143,912 GSF
  • In Progress
MT GREENWOOD
  • Chicago, IL
  • 75,000 GSF
  • In Progress
NEW ROCHELLE
  • Westchester County, NY
  • 108,588 GSF
  • In Progress
NORTH TOWN
  • Chicago, IL
  • 97,349 GSF
  • In Progress
SUNSET PARK
  • Brooklyn, NY
  • 139,300 GSF
  • In Progress
WINDSOR
  • Fort Worth, TX
  • 111,372 GSF
  • In Progress

Storage Development Leadership


Read Bio
William Henry
President,

Banner Development, LLC