LifeStorage Expands Senior Leadership with Real Estate Industry Veterans

ROSEVILLE, Calif.--(BUSINESS WIRE)--

LifeStorage, L.P. ("LifeStorage" or "the company"), an owner, acquirer and operator of premier self-storage facilities, committed to creating easy and friendly customer experiences, today announced the appointment of Ben Carr as Chief Investment Officer and Vince Toenjes as General Counsel.

"Ben and Vince have extraordinary self-storage knowledge and real estate experience, and we are excited to welcome them to our leadership team," said Mark Good, Chief Executive Officer of LifeStorage. "Ben's investment experience at a publicly traded REIT that is one of the largest self-storage players and Vince's legal and operational leadership at a national specialty realtor add deep expertise to the management bench."

As Chief Investment Officer, Mr. Carr will spearhead the acquisition process for the company, including the development and execution of LifeStorage's investment strategy on a national basis. Vince Toenjes, General Counsel, will oversee the legal functions of the company in all areas including, corporate and securities matters; acquisitions and real estate; human resources; asset protection; trademark monitoring; risk management; compliance, governance and investor relations.

Good added, "Ben and Vince are committed to executing against our acquisition strategy and our goal of providing customers with premier self-storage solutions and best-in-class customer experiences."

Before joining LifeStorage, Mr. Carr served as Vice President, Investments at CubeSmart CUBE, a real estate investment trust and the fourth largest owner and operator of self-storage facilities in the United States. He also held the role of Controller while at CubeSmart. Mr. Carr began his career at PricewaterhouseCoopers where he led audit and consulting engagements for numerous clients including public REITs, homebuilders and private equity. He holds a BS degree in Accounting from The Pennsylvania State University and an MBA with an emphasis on Finance from Villanova University. Mr. Carr currently serves as a Trustee of the Tyler Arboretum and he is an active member and former board member of the Big Brothers Big Sisters Association.

Vince Toenjes most recently served as Vice President, Real Estate and Associate General Counsel for Coldwater Creek Inc., a specialty retailer with over 375 stores, outlets and spa locations nationwide, a significant online presence and supporting call centers, distribution centers and overseas sourcing offices. Previously, he was a founding member of Gorrell Giles Gollata PC, a law firm focused on acquisition, financing, development and sale of commercial and residential real estate. Mr. Toenjes began his career with Moye White PC in Denver and his practice involved all aspects of commercial real estate. He holds a BA degree from the University of Colorado, a MS degree in Finance from the University of Houston and a JD degree from the University of Denver Sturm College of Law. He also served on the Council of Advisors to the Governor of Colorado for Consumer Credit.

Carr and Toenjes will assume their new roles on March 23 and March 26, 2015, respectively, and will be based out of LifeStorage's headquarters in Roseville, CA.

About LifeStorage

LifeStorage is an owner, acquirer and operator of premier self-storage facilities, committed to be the best self-storage option for customers, the best employer and neighbor in the communities it serves while laser focused on creating value for investors. LifeStorage offers best-in-class storage solutions with high-quality customer service, engaged and knowledgeable employees, convenient locations, operating with impeccable housekeeping standards, as well as a full suite of customer focused amenities including climate-controlled units, drive-in access, and value-added services such as fully furnished office spaces and meeting rooms.

Founded in 2011, LifeStorage is headquartered in Roseville, CA. The company currently owns, has under purchase agreement and operates 89 properties in 9 states across the U.S as of December 31, 2014. For more information, please visit www.LifeStorage.com.