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Bio: Mike Burnam
Mike Burnam started in the self storage business and other family enterprises in 1976. During the early years Mike was involved in apartment management, mobile home park management, ownership of an insurance agency, real estate agency, travel agency and trash hauling company. Between 1974 and 1976 Mike was involved in the site selection and management of self storage facilities that his father Gordon and partner Al Price built in Florida, Mississippi, Kentucky, N. and S. Carolina and Alabama. In 1986 all but 2 self storage facilities were sold, Pensacola, FL and Mobile, AL., and a new company was formed, Burnam Holding Companies. In 1987 Mike’s siblings, Tim, Kim and Cris joined the family business.
Mike was President of this concern and it became the platform by which the self storage portfolio grew from 2 to 58. In 1994 they took the family business public on the NYSE as Storage Trust with an initial capitalization of $108 million. Mike was CEO of the company, Cris was COO. The company grew to a $600 million market capitalization in 1999 when it was merged into Public Storage. The family then went back to Wall Street and raised a private equity fund of $100 million with Warburg Pincus, one of the world’s largest private equity firms. Starting with 0 properties in 1999, the company currently stands at 62 stores in 12 states. A recent purchase in Alberta Canada opens up new territory for the company to grow throughout Canada. In June 2006 the Burnam family and Steve Dulle, CFO with the family since 1994, purchased the company from Warburg Pincus with the assistance of Stan Kroenke, an international real estate investor. Mr. Kroenke is a large landowner in British Columbia and sees the most future opportunities, for the company, on the west coast of the US and western Canada.
Mike was President of the national Self Storage Association in 1994 and again elected to a national board position of the association in 2005.
Mike is CEO of TKG StorageMart Partners and deals mainly with relationships in the industry, acquisition of existing self storage facilities and development land.
Mike has been married for 33 years to Janice, they have 2 children and 4 grandchildren. In August 2007 Mike’s son will join the company in the construction department and be the third generation of Burnam’s to work in the self storage industry.
Return to the 01/30/08 Show Page
Mike was President of this concern and it became the platform by which the self storage portfolio grew from 2 to 58. In 1994 they took the family business public on the NYSE as Storage Trust with an initial capitalization of $108 million. Mike was CEO of the company, Cris was COO. The company grew to a $600 million market capitalization in 1999 when it was merged into Public Storage. The family then went back to Wall Street and raised a private equity fund of $100 million with Warburg Pincus, one of the world’s largest private equity firms. Starting with 0 properties in 1999, the company currently stands at 62 stores in 12 states. A recent purchase in Alberta Canada opens up new territory for the company to grow throughout Canada. In June 2006 the Burnam family and Steve Dulle, CFO with the family since 1994, purchased the company from Warburg Pincus with the assistance of Stan Kroenke, an international real estate investor. Mr. Kroenke is a large landowner in British Columbia and sees the most future opportunities, for the company, on the west coast of the US and western Canada.
Mike was President of the national Self Storage Association in 1994 and again elected to a national board position of the association in 2005.
Mike is CEO of TKG StorageMart Partners and deals mainly with relationships in the industry, acquisition of existing self storage facilities and development land.
Mike has been married for 33 years to Janice, they have 2 children and 4 grandchildren. In August 2007 Mike’s son will join the company in the construction department and be the third generation of Burnam’s to work in the self storage industry.
Return to the 01/30/08 Show Page