Spartan Funding Group LLC (SIG), an actual property funding firm that focuses on self-storage, has launched Spartan Development Administration to deal with facility expansions and ground-up growth. Aaron Saunders has been employed as director of development to steer the subsidiary. He’ll oversee the entitlement course of and act as normal contractor for all initiatives, in response to a press launch.
Most lately, Saunders was director of operations for a mid-size, industrial self-perform contractor that accomplished $150 million in initiatives yearly. He’s additionally served as senior venture engineer and venture sponsor, and has constructed and managed a number of development groups throughout his profession.
Saunders earned a bachelor’s diploma from Colorado State College and continued his training by numerous government applications, together with on the FMI Management Institute. He’s owned actual property for 15 years and manages an actual property fund for others.
“Aaron involves Spartan with an immense quantity of expertise in development and shall be pivotal in rising Spartan’s skill to execute all of our value-add and ground-up initiatives,” mentioned Scott Lewis, Spartan’s CEO and co-founder. “I’m excited to have him on the helm of constructing Spartan Development Administration.”
SIG introduced in January that it’s rebranding 10 of its 12 properties below the brand new FreeUP Storage identify. As well as, the corporate plans to amass 24 self-storage services representing $150 million this yr. The present portfolio includes greater than 860,000 sq. toes in Arkansas, Colorado, Georgia and Texas. Based in 2013 and based mostly in Golden, Colo., SIG syndicates investor capital to develop actual property. Its pursuits additionally embrace luxurious condos and RV parks.