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Prior to forming StorageMart, Mike Burnam, Cris Burnam and Steve Dulle were the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, respectively, of Storage Trust Realty (a publicly-traded REIT, NYSE: SEA). In this capacity they oversaw the acquisition, development and management of over $600 million of self storage facilities.
Storage Trust became a publicly traded entity in November 1994 with a total market capitalization of $113 million and 4 million square feet of self storage properties. In 1999, Storage Trust's portfolio of 11.9 million square feet was acquired by Public Storage for approximately $600 million. Storage Trust Realty originated from the self storage operations of the Burnam Holding Company. The Burnam family is one of the pioneers of the self storage industry, having been involved in the acquisition, development and management of self storage facilities since 1974.
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