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
Eastside Spectrum
  • Vancouver, WA
  • 133,900 GSF
  • Completed March 2020
EDGEWATER
  • Chicago, IL
  • 120,642 GSF
  • Completed February 2016
HIALEAH
  • Miami, FL
  • 99,344 GSF
  • Completed September 2017
HOSFORD-ABERNETHY
  • Portland, OR
  • 120,000 GSF
  • Completed June 2018
LAKEWOOD
  • Denver, CO
  • 121,520 GSF
  • Completed July 2018
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
MALDEN
  • Boston, MA
  • 143,912 GSF
  • Completed March 2018
MONTFORT
  • Dallas, TX
  • 115,358 GSF
  • Completed July 2016
MT GREENWOOD (111th STREET)
  • Chicago, IL
  • 69,169 GSF
  • Completed September 2017
NEW ROCHELLE
  • Westchester County, NY
  • 108,588 GSF
  • Completed May 2019
NORTH MIAMI
  • Miami, FL
  • 100,285 GSF
  • Completed February 2016
NORTH TOWN
  • Chicago, IL
  • 97,990 GSF
  • Completed January 2019
Park Drive
  • Sacramento, CA
  • 133,964 GSF
  • Under Construction
SUNSET PARK
  • Brooklyn, NY
  • 139,264 GSF
  • Completed January 2019
WINDSOR
  • Fort Worth, TX
  • 110,889 GSF
  • Completed January 2018

Storage Development Leadership


Read Bio
William Henry
President,

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

Banner Storage Group, LLC