Boardwalk Development Group Achieves 45th Rank in Self Storage
Boardwalk Development Group's Major Recognition
Boardwalk Development Group has proudly secured the 45th position on the esteemed Inside Self Storage 2025 Top Operators List, a ranking that celebrates the top competitors within the self-storage industry.
Understanding the Rankings
The Inside Self Storage Top Operators List evaluates companies based on their total rentable square footage. This comprehensive report underlines major players who are not only expanding their footprint but also innovating within the sector. Boardwalk's achievement is a vivid illustration of their dedication and success in this burgeoning market.
Key Highlights of Boardwalk Development Group
Here are some notable points regarding Boardwalk:
- Founded: 2016
- CEO: Rajen Sheth
- Facilities Owned: 19
- Total Units: 10,152
- Total Square Feet: 2,935,179
- Primary Brand: Boardwalk Storage
- Future Expansion: Plans to acquire and develop additional facilities this year.
The Growth of Self Storage Sector
Self-storage is an industry that has demonstrated remarkable growth, and the recent rankings highlight shifts in market dynamics, ownership trends, and innovative management strategies shaping the future. Boardwalk's presence on this list signifies its essential place amid these changes.
Acquisition and Development Trends
The 2025 rankings reflect a more measured approach to acquisitions and developments among the top 100 self-storage operators. Notably, 18 of these companies have experienced growth in square footage of at least 15%, with a significant six achieving increases of 30% or more. Boardwalk Development Group is a member of this elite group with an impressive 68.8% growth.
Future Prospects for Boardwalk
Collectively, the 2025 Top Operators hold a record-breaking 1.5 billion net rentable square feet, validating the ongoing demand for self-storage solutions. Rajen Sheth, CEO of Boardwalk, expressed excitement about this achievement, stating, "This is a phenomenal milestone that highlights our team’s unwavering commitment to providing outstanding storage solutions. We're just getting started!" This invigorating perspective speaks volumes about Boardwalk's ambitious future plans.
About Boardwalk Development Group
With a solid 18-year track record, Boardwalk Development Group has emerged as a leading player in the self-storage investment sector. Based primarily in the Southeastern region, the company boasts exceptional financial performance with an average gross realized IRR of 39% and an average gross realized ROI of 300%. Their development initiatives have successfully surpassed $300 million, solidifying their position as one of the top 50 self-storage developers in the nation.
Connecting with Boardwalk Development Group
For those interested in learning more about the offerings from Boardwalk Development Group, their official website provides extensive information about their services, facilities, and future developments. Their dedication to excellence in self-storage solutions continues to drive their remarkable growth.
Frequently Asked Questions
What is the ranking of Boardwalk Development Group in 2025?
Boardwalk Development Group is ranked 45th in the Inside Self Storage 2025 Top Operators List.
What factors contribute to the company's ranking?
The rankings are based on total rentable square footage, showcasing the growth and performance of self-storage companies.
Who is the CEO of Boardwalk Development Group?
Rajen Sheth serves as the CEO of Boardwalk Development Group.
What expansion plans does Boardwalk have?
Boardwalk Development Group plans to acquire and develop several new facilities within the year.
How has Boardwalk performed financially?
The company has achieved an average gross realized IRR of 39% and a significant ROI of 300% on its projects.
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