The company operates 144 self-storage properties in 16 states
March 5, 2019: Red Dot Storage named Chuck James as new CEO in January. James joined the company as the chief operating officer (COO) in 2017. He promoted as president and COO in last August. He will take over CEO duties from company founder Seth Bent, who has moved into the new role a chief strategy officer (CSO). As CEO, James will focus on “unveiling value and streamlining workflow, as per the press release.
"In partnership with our board, this succession plan kicked off six months ago, and I could not be more pleased to announce its completion. Chuck has been integral in refining Red Dot’s operating platform and leading our nationally recognized company culture. CEO succession is a big step for any company; however, this process will be seamless for our investors, employees and customers, as Chuck is already intimately involved in every aspect of the business." Said by company founder Seth Bent.
“To have the confidence of a founder as gifted at strategy and vision as Seth is humbling. I am honored to lead Red Dot through this next exciting chapter. Seth’s vision has come to fruition, and it is our goal as a team to continue our success of using this platform to consolidate the industry and beyond.” Said by James.
As CSO, Bent will guide acquisitions and company strategy. Red Dot employs more than 80 in-house staff members continues to expand its property portfolio nationwide under the guidance of Bent.
Red Dot Storage is the operating brand for 2013 launched Sparkplug Capital LLC. The company has a portfolio of more than 5.4 million net rentable square feet.