Andover Properties, which operates self storage facilities throughout the United States, has hired Chris Runckel as Chief Operating Officer. In this role, he will explore third party management opportunities for Andover, develop operational and management plans for the properties under its portfolio, and help onboard new acquisitions.
Prior to joining Andover, Chris worked for Life Storage (LSI), the 4th largest self-storage REIT. During his tenure there, he held various positions in the marketing and sales groups, spending the past 10 years as the Regional Vice President of Operations overseeing stores in CA, NV, AZ, TX, MO, and LA.
“This is a big win for us,” said Brian Cohen, president of Andover. “Chris’ extensive industry experience will enable us to take performance to a whole new level, as well as provide key insight into the new markets we are seeking to enter.”
In the course of the first three quarters of the year, Andover is adding facilities in four new states throughout the US, in addition to maintaining a robust pipeline, underscoring the need for such a position.
“I am excited to join Andover at such a pivotal time in the company’s history, as Andover’s leadership team has the company well positioned for impressive growth in the self-storage sector,” Runckel commented.
Established in 2003, New-York based Andover acquires, develops and manages industrial, retail, car washes and self storage facilities. The firm currently owns and manages self storage facilities in 13 states, comprising 3 million square feet across 21,600 units.