Kurt O'Brien, CCIM, CPM

Kurt O'Brien, CCIM, CPM

,

Phone:

Kurt began his career as a full-time commercial mortgage broker. During this time, he helped to close over $550,000,000 in loans. Kurt then became President of the Quorum Corporation, where he successfully completed the purchase of nearly 2,000 apartment units in the Midwest in 1990. Kurt sold Quorum in 1993 and began building what would become the 18th largest self storage operation in the US. After successfully operating The Holding Company for 4 years, Kurt sold the business for nearly $100 million to Storage USA and was a consultant to them for 2 years before joining Shurgard Storage as a JV partner where he built 11 storage properties. Upon selling those assets to Public Storage, Kurt founded Simply Self Storage and began again to create a self storage company. Simply has become the largest privately held developer/operator of self storage facilities in the US and Puerto Rico. Now owning and/or operating nearly 120 facilities with over 12 million sf of storage space, Simply is valued at more than $700 million. Before the financial downturn of 2007, Kurt was on track to take Simply public in what would have been the largest REIT IPO to date. With the poor financial markets, the IPO was unsuccessful and Kurt was required to focus on property performance and loan workouts. He has successfully completed over $300 million in loan restructuring from '08-'10. He has greatly reduced recourse obligations for himself and the company. Simply is now well positioned to continue operations into the future. Simply's operating results are better than most of its competitors. Currently, Kurt is looking at ways to grow Simply as well as helping other companies grow.

Specialties include: real estate development & acquisitions, consulting, financing, capital raising, business consulting, self storage consulting, and debt restructuring. In addition to being involved in the ownership, Kurt has arranged debt and equity for over $1.5 billion worth of real estate assets.