Episode 385: Extra Space Storage Focusing on Fundamentals in 2024 After Hectic 2023

Nareit's REIT Report Podcast

English - December 14, 2023 00:00 - 11 minutes - 16.5 MB - ★★★★ - 34 ratings
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Previous Episode: Episode 384: Real Estate Investors Adjusting to New Ways to Add Value, Profitability in Changed Environment: PwC

Next Episode: Episode 386: RCLCO Fund Advisors Says U.S. Institutional Investors Under-Allocating to REITs

Gwyn McNeal, executive vice president and chief legal officer at Extra Space Storage Inc. (NYSE: EXR), was a guest on the Nareit REIT Report podcast.

McNeal discussed her role at Extra Space, the merger with Life Storage and issues she has dealt with on the legal and personnel side, legal issues facing all REITs today, as well as advice for those seeking a legal career in the commercial real estate sector.

Turning to the priorities for 2024 that she is most excited about, McNeal referred to a mandate from Extra Space’s CEO to focus on the fundamentals, after an “incredibly crazy” 2023. That involves making sure new staff are fully onboarded and trained, operating platforms are able to fully support the newly merged company, and that properties acquired through the merger are up to the same specifications as the Extra Space properties.