Extra Space Storage Inc.
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Leadership History
3 leaders · Full leadership timeline
Extra Space Storage started as a self-storage operator and became a scaled REIT platform. The modern business is not only about owning storage assets; it also manages stores for third-party owners and uses data to price units dynamically.
Extra Space Storage makes money from self-storage rental income, tenant reinsurance, management fees, bridge lending, joint ventures, and ancillary services. The model combines owned real estate income with asset-light third-party management fees.
Chief Executive Officer and Director
Margolis has led Extra Space Storage through the Life Storage merger, third-party management expansion, and technology-driven revenue management strategy.
Former Chief Executive Officer
Kirk helped scale Extra Space before Margolis became CEO in 2017.
Founder
Woolley founded the company that became Extra Space Storage and helped establish its self-storage real estate platform.
The main risks are new self-storage supply, higher interest rates, customer move-in rate pressure, property tax and labor costs, integration complexity, and the cyclicality of housing and consumer mobility.
Joseph D. Margolis is Chief Executive Officer and Director of Extra Space Storage.
Joseph D. Margolis is Chief Executive Officer and Director of Extra Space Storage.
Joseph D. Margolis is Chief Executive Officer and Director of Extra Space Storage.
Extra Space Storage's leaders have shaped its expansion, operating model, and response to industry change.