According to their website, Clark Investment Group is one of the nation's largest suppliers of private equity capital to the self-storage industry
January 23, 2014- The Company has been in storage business since 1979. It manages about 65 storage facilities which comprise of 40,000 units across the country.
"We provide equity to storage developers in their local markets to jointly build, own and operate the facility," says Stephen Clark II, vice president at CIG.
"It's really our bread and butter," he says, estimating at least half of what CIG does development-wise is self-storage.
Clark Investment Group will be building new storage facilities in New York area. The company plans to convert existing buildings into storage facilities in New Rochelle, NY, Brooklyn and North Bergen, NJ. It has bought a storage facility in Manhattan, Gotham Mini Storage last year.
Out of five planned self-storage facilities in New York area, a converted facility is expected to open in April at North Bergen. Another converted storage facility is expected to open later this year in New Rochelle. Two other new facilities have been planned for next year in the Bronx & Brooklyn.
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