PRESS ROOMNEWS RELEASE
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February 27, 2025
Devon Announces Transformative 2024 with A Strong 68% Increase in Portfolio Value
Nicole Spreck
Inland CommunicationsDevon owns and manages a portfolio of nearly 200 self-storage properties across 32 states
Oak Brook, IL – Devon Self Storage Holdings LLC (“Devon” or “the Company”), one of the largest privately owned national self-storage operators announced today a transformative 2024 with a 68% increase in portfolio value approaching $2 billion from 2023’s $1.16 billion. Driving this growth has been a robust expansion of the portfolio to over 188 stores expanding its national footprint to 32 states.
“Since acquiring majority ownership in Devon, the realization of our growth strategy has been exceptional,” commented Tony Chereso, CEO and president of The Inland Real Estate Group, LLC. “We look forward to carrying the momentum into 2025, growing Devon’s current portfolio into a dominate national brand, expanding our third-party managed services and increasing our pipeline of new development and construction conversions.”
Through new builds and acquisitions in 2024, Devon added 78 self-storage assets across 32 states. Devon has enlarged its national workforce by 122 employees to better serve the Company’s increasing size.
“Inland remains committed to providing additional capital and infrastructure necessary to further innovate and do what we do best - acquire, redevelop and operate high quality self-storage properties,” commented Matthew Tice, co-CEO of Devon and senior vice president of Inland Real Estate Acquisitions, LLC.
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About Devon Self Storage
Devon Self Storage Holdings, LLC, one of the largest privately owned national self-storage developers and operators, manages over 188 properties. Founded in 1988 by Ken Nitzberg, and now a member of The Inland Real Estate Group of Companies, Inc., Devon has established itself as a leader in the self-storage industry having owned, managed, or developed more than 350 self-storage facilities in 32 states and three European countries. Inland and Devon are headquartered in Oak Brook, Illinois.
For more information on Devon Self Storage, please visit www.devonselfstorage.com.
For more information on The Inland Real Estate Group of Companies, Inc., please visit www.inlandgroup.com.
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Oak Brook, Ill. – Inland Real Estate Brokerage, Inc. (“Inland Brokerage” or “the Company”) today announced that...
Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of the Kleiman | Evangelista Eye Center, a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of Denton Village, a...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of 49 newly...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital” or “the Company”), a private lender specializing in...
Oak Brook, Ill. – Inland Private Capital Corporation (“IPC”) today announced the sale of Lost Creek Resorts at Lakewood...
Oak Brook, Ill. – Inland Institutional Capital, LLC announced today that an institutional fund that it advises has acquired Lower Makefield...
Oak Brook, Ill. – Inland Mortgage Capital, LLC (“Inland Mortgage Capital”), a private lender specializing in intermediate-term mortgages for...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of The...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Real Estate Income Trust, Inc. (“Inland Income Trust”) announced today the acquisition of the 199,335-square-foot...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it negotiated and helped close the purchase of...
Oak Brook, Ill. – The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Inland Securities Corporation Welcomes Sarita Vishakanta as Vice President – Broker Dealer Relations
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisitions of four medical...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for...
Oak Brook, Ill. – Inland Securities Corporation (“Inland Securities”), the exclusive dealer-manager and placement agent for real estate...
Oak Brook, Ill. – Inland Real Estate Brokerage & Consulting, Inc. (“Inland Brokerage & Consulting”) announced today...
Oak Brook, Ill. – Inland Real Estate Acquisitions, Inc. announced today that it facilitated the acquisition of The Radiology...
Oak Brook, Ill. – Inland Real Estate Investment Corporation (“Inland Investments”), one of the nation’s largest sponsors of...