Pinnacle Storage Properties Welcomes Ross Smolen
Houston, TX – May 30, 2018 – Pinnacle Storage Properties is proud to welcome Ross Smolen as a small business underwriter and financial analyst. He will be responsible for underwriting all transactions by evaluating loan to value and debt coverage ratios, analyzing business history, and looking at long- and short-term projections. Pinnacle is actively exploring all potential self-storage acquisitions.
Ross joins the Pinnacle Storage Properties team as a licensed real estate agent with experience in commercial brokerage and construction management.
He graduated from the Cyvia and Melvyn Wolff Center for Entrepreneurship at the University of Houston. While studying there, Ross led Exostretch, a technology-transfer startup surrounding a stretchable, thin-film battery. Exostretch participated in the National Science Foundation’s In-LA Blitz Program, an educational curriculum where he was provided with an experiential learning opportunity to determine the commercial readiness of technologies, develop a clear go/no go decision regarding commercial viability, and create a transition plan to move technology to market.
He also served as External Relations Officer for the Undergraduate Real Estate Scholars, connecting students with programs and professional organizations such as CCIM, NAOIP, ULI, CREW and more.
John Manes, Pinnacle Storage Properties CEO states, “We are very excited to welcome Ross to our team. Not only will he bring an elevated level of financial logistics to Pinnacle Storage Properties, but he will also be a go to contact for underwriting and commercial real estate expertise.”
Ross states, “I am excited to be working with Pinnacle Storage Properties, and I hope to provide Pinnacle Storage with the resources and strategies that will move them to the next level in the commercial real estate industry.”
Pinnacle Storage Properties is a privately held, national real estate owner-operator focused on the acquisition, development, and management of self- storage assets. Their investment strategy is to purchase under-managed, under-enhanced, and under-developed assets in suburban and secondary markets. They take a grassroots, off-market approach in selecting the best deals that deliver stable cash flow and long-term appreciation opportunities. With nearly 25 years of combined self-storage experience, they have established an industry wide reputation for superior performance derived from core values; honesty, integrity, and respect. For more information on Pinnacle Storage Properties, see https://pinnaclestorag.wpengine.com/