PHILADELPHIA—HFF has simultaneously expanded its Philadelphia office and national self storage group with the hiring of Richard Schontz, who has joined the firm as a managing director. Schontz will focus on self-storage investment sales transactions nationwide and will be a member of the national group covering that sector.

Schontz joins HFF from Marcus & Millichap, where he was a senior associate and director within MMI's National Self Storage Group. In this capacity, he closed more than two million square feet of self-storage transactions in nine states, and was ranked in the firm's top three agents for both the self storage group and the Philadelphia office. Schontz is a member of the Pennsylvania Self Storage Association and the National Self-Storage Association.

Mark Thomson, senior managing director and co-head of HFF Philadelphia, says Schontz has “a keen understanding of the national self-storage market and brings with him deep relationships with many of the self storage investors and owners in the US.” Adds Zac Pierce, senior managing director and co-head of HFF Philadelphia, “Richard will be teaming up with our existing HFF self-storage producers to continue to build and expand our presence in the self-storage market.”