HOUSTON-In an effort to grow its various platforms, NGKF Capital Markets has hired Aaron Swerdlin as executive managing director and Kenneth Cox as senior managing director of its national Self-Storage Group. Swerdlin will join the NGKF Houston office, while Cox will operate from his base in Memphis, TN.
“Aaron and Kenneth are recognized leaders in the self storage space,” says Jimmy Kuhn, president of Newmark Grubb Knight Frank and head of NGKF Capital Markets. “Their knowledge and long-standing relationships are invaluable for clients exploring this alternative asset class. We couldn't be more pleased to have them on board and are confident they will help us build a highly successful self storage practice.”
Swerdlin joins NGKF Capital Markets from HFF LP, where he led the firm's self storage group for five years. Previously, he served as a senior managing director and the managing partner at Storage Investment Advisors, LLP. Earlier in his career, Mr. Swerdlin spent seven years as head of the self storage advisory group for CBRE. An active member of several national and state self storage trade organizations, he is a frequent speaker at industry events and his articles are published regularly in local and national real estate publications.
Cox most recently was the general partner in several partnerships focused on acquiring, operating and selling self-storage assets. Previously, he served as principal and senior vice president of Jernigan Property Group, LLC, where he oversaw real estate activities in a joint venture with Kimco Realty that acquired $70 million in self storage assets. He began his real estate career at Storage USA, where he spent eight years in a various roles as an acquisitions, dispositions and development officer, and was involved in many high-profile transactions, including a $90-million joint venture with GE Capital Real Estate.
According to the Self Storage Association, there were approximately 50,000 primary self storage facilities in the United States and another 4,000 secondary facilities at the end of 2011, equating to 2.3 billion square feet of space.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.