09 Apr 2019

Storage Star and FollettUSA Announce Key Leadership Change

Storage Star, an owner and operator of self storage assets in the Western United States, Rocky Mountain Region and Texas, recently announced the promotion of Matt Garibaldi to president. Garibaldi’s promotion is a reflection of the company’s current state – building for the future with many years of exciting growth ahead.

Garibaldi leads a growing management team to operate the company's current portfolio. Under his leadership, Storage Star’s current investment strategy will continue – build a best-in-class management platform while offering high-quality investment opportunities to current and future investment partners. Storage Star is focused on developing, acquiring and managing high quality self storage facilities with an initial focus on the Western U.S., Rocky Mountain Region, and Texas.

Simultaneous with his promotion to President of Storage Star, Garibaldi is also being promoted to president of FollettUSA, Inc., Storage Star’s parent company based in northern California.

Prior to these promotions, Garibaldi acted as FollettUSA’s co-head of acquisitions and he established the firm’s in-house self storage management company by leading more than $200 million in self storage transactions in 2017 and 2018. Before joining FollettUSA in 2017, he served as a Principal for the private equity firm American Infrastructure Funds, and previously he was a Senior Associate at NGP Energy Capital Management and an Analyst at Goldman Sachs. Garibaldi earned his MBA from the Stanford Graduate School of Business.

Storage Star currently operates 20 properties with more than 12,000 units and 1.6 million rentable square feet.

FollettUSA is a California-based boutique real estate firm investing in high quality income-producing properties with the goal of generating tax-efficient income, long-term equity capital appreciation, wealth preservation, and estate planning efficiency. Since its founding in 1989, high net worth families and institutional investors have entrusted FollettUSA to develop, acquire, manage and maintain institutional quality residential communities, self storage facilities, and opportunistic investment properties for their private portfolios.