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(Chicago, Ill. – June 14,
2000) E. Barry Mansur, Chairman of Mansur & Company,
announced the acquisition of a 50% interest in United
Stor-All Centers, LLC. Headquartered in Blue Bell, Pa.,
United Stor-All is a fully integrated real estate company
focused solely on the self-storage industry which develops,
owns, acquires and manages self-storage properties.
Headed by CEO Bruce Manley,
United plans to develop approximately 36 new facilities
with a total value of $225 million over the next three
years. According to Manley, the company currently has
eleven sites under contract and plans to initiate construction
of these properties in 2000. United will initially develop
facilities in the New York to Pennsylvania corridor,
and in selected Florida markets.
"We are very pleased to
team up with such an experienced and reputable developer,"
said Mansur. "We plan to build and hold all newly
developed projects in order to build a substantial portfolio
of self-storage facilities nationwide."
Manley added that United plans
to expand its development and management activities
to other markets in the country. "We are already
considering sites in the Baltimore–Washington D.C.
market and in Midwestern cities such as Chicago and
Detroit," he said.
United Stor-All Centers, LLC
is the successor entity to United Stor-All Centers,
Inc., which was headed by Manley and Arthur "Buzz"
Victor, II, and boasted an impressive track record of
development and ownership in the industry. Victor now
serves as special consultant and advisor to United.
He is widely recognized as an industry leader and market
maker, and is the author of Self Service Storage:
The Handbook for Investors and Managers, the authoritative
source for self-storage management and valuation.
Mansur & Company is a privately-held
real estate investment company which invests in and
develops commercial real estate for its own account
and provides a full range of real estate investment
banking services to domestic and international investors.
Headquartered in Chicago, the firm operates nationally
and has broad experience with all types of institutional-grade
property. Mansur & Company's acquisitions total $2.5
billion and include office buildings, regional shopping
centers, apartments, industrial parks and hotels.
E. Barry Mansur is Chairman
and controlling shareholder of the company as well as
CEO of Mansur Capital Corporation, which is involved
in various investment banking activities including corporationorate
acquisitions, venture capital, merchant banking operations
and investment and money management.
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