Dean Jernigan has more than 30 years of experience in the self storage industry. After retiring from the role of CEO of CubeSmart (NYSE:CUBE) in 2013, he founded Jernigan Capital as the only direct lender focused exclusively on the self storage industry. His experience in the self storage industry spans more than 30 years.
He began his tenure in the industry in 1984 when he founded Storage USA, a company he took public in 1994. He grew Storage USA from a single property to more than 570 properties at its peak. During its life as a public company and under his leadership as Chairman and CEO, the company returned a 17.5% compounded annual return to its investors. Following the sale of the company to GE Capital, he formed Jernigan Property Group which assembled a portfolio of 17 properties in a short 18 months seizing upon the opportunity of a short acquisition cycle that presented itself.
In 2006, Jernigan accepted the challenge of rebuilding and rebranding U-Store-It which became CubeSmart. During his tenure as CEO, the company’s market capitalization more than doubled from approximately $2B to more than $4B. With extensive experience and knowledge in more than 100 US markets as a developer, owner and manager of self storage facilities, Dean has earned his reputation as an industry innovator, leader and icon.
Email Dean at email@example.com.