November 16, 2021
Diversified Properties Remains Bullish on Self-Storage, Announces Exclusive Partnership with World-Renowned Self-Storage Expert
Montville, N.J. (November 16, 2021) – Diversified Properties, one of the region’s most experienced commercial real estate developers and owners, announces it has entered into an exclusive agreement with Coast-To-Coast Storage, the largest and most respected self-storage consultancy brand in the world. Through the partnership, RK Kliebenstein, President of Coast-To-Coast Storage, will work with Diversified Properties to identify favorable self-storage development sites throughout the New York metropolitan area.
Boasting more than 28 years of commercial real estate experience and over 20 years of expertise in the self-storage sector, Kliebenstein operates one of the leading global self-storage consultancy brands, Coast-To-Coast Storage. Founded by Kliebenstein in 2000, Coast-To-Coast Storage employs a team of high-performing commercial real estate professionals that provide due diligence consulting, feasibility studies, site selection, brokerage, loan workouts, financing, consulting, marketing, and technology repositioning of older, first-generation facilities. Kliebenstein has underwritten over three billion dollars in self-storage transactions throughout his career.
Kliebenstein and Coast-To-Coast Storage will further augment Diversified Properties’ decade-long expansion into the ground-up self-storage development business by identifying new opportunities in the firm’s target markets across New Jersey, New York, Connecticut, and Pennsylvania. Diversified Properties’ current self-storage experience to date includes a 98,000-square-foot, 755-unit, state-of-the-art, fully climate-controlled CubeSmart Self Storage facility Montville, N.J., the construction of a fully climate-controlled 85,000-square-foot facility in Hackensack, N.J. and the acquisition and sale of two existing self-storage facilities in Burlington County, N.J. The firm is in active pursuit of additional self-storage development opportunities throughout the Northeast with a development pipeline currently valued in excess of $50 million.
“RK’s impressive, three-decade self-storage track record and deep understanding of the asset class on local, regional and global levels enables our firm to have an amazing edge as we continue to expand our self-storage business across the Northeast,” said Nicholas Minoia, Founder and Managing Partner of Diversified Properties. “With several self-storage projects under our belt and several more in the pipeline, we are confident that this partnership will only enhance and accelerate our ability to deliver state-of-the-art self-storage facilities to underserved markets.”
Prior to founding Coast-To-Coast Storage in 2000, Kliebenstein served as the Senior Vice President of Acquisitions and Integration for Extra Space Storage where he created and developed the systems used to integrate, analyze, acquire and develop properties that contributed to the success of the company going public in 2004. Previously, Kliebenstein served as Vice President of Acquisitions for Metro Storage, Director of Acquisitions for Stor-All Systems, Inc., Director of Acquisitions for The Amsdell Companies, Director of Operations for StorageOne, and Principal/Director for Self-Storage Mortgage Corp./The Schomac Group. A graduate of Arizona State University and a resident of Port St. Lucie, Fla., Kliebenstein is a recognized author, speaker and expert witness in the self-storage industry.
“It is a privilege to work with a company as solid as Diversified. They have a great team of people, are well capitalized and excited about the asset class. Rarely does one find so much talent and ability in one firm. I am excited to find best-in-class sites for them,” commented Kliebenstein.
Diversified Properties is actively seeking value-add acquisition opportunities across all asset classes in the tri-state area. To discuss new opportunities, please contact Nicholas Minoia at Nminoia@DiversifiedProperties.com.
About Diversified Properties
Diversified Properties is one of the region’s most experienced commercial real estate developers and owners with a diverse portfolio of high-quality, value-add assets throughout the northeast and a veteran team of real estate professionals. Diversified Properties leverages its entrepreneurial approach and multi-disciplinary in-house capabilities to capitalize on opportunistic ground-up development and redevelopment projects in key growth markets. Driven by a passion for building, Diversified Properties leverages its extensive hands-on experience to drive value and create spaces where businesses and communities can thrive.
Follow Diversified on Facebook at facebook.com/DiversifiedPropertiesLLC, LinkedIn at linkedin.com/company/diversifiedproperties, and Twitter at twitter.com/DivPropNJ.
For more on Diversified Properties, please visit https://www.diversifiedproperties.com.
About Coast-To-Coast Realty Advisors, LLC
Coast-To-Coast, founded in 2000, is a best in class consulting firm dedicated to the self storage industry. With decades of experience and success, led and founded by self storage industry veteran, RK Kliebenstein. The Florida based firm works across the nation and around the globe, committed to creating excellence in the self-storage world.
See what’s happening in the industry at www.askrk.com and join the LinkedIn group Self-storage for more information. Inquiries can be made at firstname.lastname@example.org.