Venture brings in experienced leader to oversee acquisitions and projects throughout the U.S.

Leading investor and developer of urban infill self-storage facilities nationwide MCSS Development & Investment LLC has named Ben Carr its new President. Carr will work closely with MCSS founders Jay Massirman, Steve Garchik and Steve McBride on the successful execution of the joint venture’s strategic plan.

Carr brings substantial experience cultivated over a two-decade career to MCSS. In his new role, Carr is responsible for leading the MCSS team, overseeing the venture’s national investment and development activities, raising capital for new self-storage facility purchases and executing existing and new facility operating strategies. MCSS recently launched an acquisitions platform to invest in facilities in key urban markets throughout the nation.

“We are thrilled to add someone of Ben Carr’s caliber to guide MCSS in our continued growth and expansion,” Massirman said. “Ben’s impressive industry experience, knowledge and contacts will undoubtedly add tremendous value to MCSS and accelerate the strategic vision of the venture’s partners.”

Prior to joining MCSS, Carr launched and operated a self-storage investment fund while providing consulting services for numerous large private equity groups interested in self-storage investment. That followed his tenure as Chief Investment Officer of LifeStorage in Roseville, Calif. In that role, Carr grew the company’s portfolio approximately 50 percent in just two years and supported the successful sale of the entire portfolio for $1.355 billion.

Carr also spent eight years at CubeSmart, where he held the roles of Vice President, Investments and Controller. Before that, Carr spent several years in various roles with PricewaterhouseCoopers.

“This is a premier opportunity within the self-storage industry and I am excited to join the company,” Carr said. “The entrepreneurial spirit of the founders and team at MCSS creates an exciting and inspiring environment. I have been involved in all facets of the self-storage industry and look forward to applying my expertise to fuel the continued growth of MCSS.”

Carr earned a Bachelor’s degree in Accounting and Finance from The Pennsylvania State University and a Master of Business Administration (MBA) from Villanova University.

For more information on MCSS and its facilities, visit www.miamicityselfstorage.com.

About MCSS Development (MCSS)

MCSS Development (MCSS) is a joint venture between Rivergate Companies and SJM Partners, led by industry veterans Jay Massirman, Steve Garchik and Steve McBride. The venture was formed to acquire and develop urban infill self-storage facilities in high-value locations nationwide. MCSS currently has 2 million square feet of self-storage facilities in various stages of development and lease up. Previously, SJM developed 4 million square feet of self-storage in New York and Washington, D.C. Active markets for MCSS include South Florida, Washington, D.C., New York, Boston, Los Angeles and Northern California. In total, the partners have developed more than 60 storage facilities over the last 25 years, making MCSS one of the leading developers of self-storage in the U.S. The venture just launched an acquisition platform for self-storage facilities in major markets nationwide. For more information, visit www.miamicityselfstorage.com.