CHARLIE FRITTS, CPM PRINCIPAL OWNER / COO

Mr. Fritts started his Real Estate career in 1977, when he joined a Washington D.C. based apartment syndicator / management company taking the position of Resident Manager at an apartment community. Fritts was promoted to the position of Regional Property Manager for New York, eventually overseeing a portfolio of 1800 garden apartments and 3 industrial properties.

Accomplishments include authoring the company’s first Operations Manual. The Institute of Real Estate Management (IREM) has provided significant real estate management training for Fritts earning the prestigious designation of Certified Property Manager. The Albany, NY chapter of IREM later honored him by awarding their Certified Property Manager of the Year designation.

In 1990 Fritts joined Sovran Self Storage dba Uncle Bob’s Self Storage as Vice President of Property Management. This company became a NYSE listed Real Estate Investment Trust in June 1995 and Fritts was promoted to Sr. Vice President – Property Management. Key achievements include increasing income from $ 4.5 million to $ 46 million (a 922% gain); increasing financial occupancy from mid 70% to 90%. The acquisition of 6.7 million sq. ft., 128 properties created a self-storage portfolio of 8.5 million sq. ft. on 160 properties spread over 20 states

From 1997 through 1999 Fritts served as Senior Vice President – Development / Construction with responsibility to create and organize this new division with a mission to construct new space, redevelop existing space into climate control, heavy maintenance, and to administer all zoning / planning and real estate legal matters.

Throughout his career Fritts has specialized in marketing, operations, acquisition due diligence, and turn around situations. In 2000 Fritts joined Storage Investment Management, Inc (SIMI) as Chief Operating Officer, responsible for the daily operations of the management portfolio, feasibility studies, due diligence, acquisitions, financial analysis, budgeting and contract management relations and administration. In 2001, Fritts acquired a one third interest in Storage Investment Management, Inc. Today, Storage Investment Management Inc. operates 30+ self storage properties in excess of 1,500,000 sq. ft.