Montar Group, LLC (“Montar”) is focused on the development of self-storage assets in the eastern United States.
We pursue opportunities in major metropolitan area submarkets with high barriers-to-entry and dense or densifying populations.
We pursue opportunities in major metropolitan area submarkets with high barriers-to-entry and dense or densifying populations.
We ask the right questions to understand the unique needs of each market and invest the necessary time, expertise, and capital to make each development a success.
We ask the right questions to understand the unique needs of each market and invest the necessary time, expertise, and capital to make each development a success.
Management
Chaim Elkoby
Chief Executive Officer
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For the past 21 years, Chaim has been responsible for directing and overseeing new developments valued at over $2.5 billion in virtually every sector of the real estate industry. Mr. Elkoby began his professional career as a building structural engineer and worked for a high-rise specialty firm in New York City. In his previous positions as Vice President of Real Estate Development, he was responsible for the strategic direction of the companies where he was employed, the pursuit of new development opportunities, and financing activities for mixed-use, large-scale projects. His most recent role as Regional Vice President for Public Storage has broadened his knowledge of real estate assets.
Mr. Elkoby completed his undergraduate studies at the Rensselaer Polytechnic Institute and has held professional engineering licenses in New York and Florida as well as a special inspector’s license in Florida. He has also held a general contractor’s license in Florida.
Frank Caccuro
Senior Vice President & Principal
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Frank started his career in the construction industry over 30 years ago overseeing residential development. Prior to joining Montar Group, Frank worked for Public Storage for 23 years, culminating in a role as Vice President of Construction in its Real Estate Department. Frank has extensive nationwide experience in the storage industry with a concentration in the eastern half of the United States. He was instrumental in the entitlement, design, and construction of several hundred ground-up construction projects, conversions, rebranding, as well as modernization of aging storage assets. Notably, Frank oversaw the entitlement, design, and construction of Public Storage’s two largest building conversion projects in Bronx, NY and Jersey City, NJ, each with over 4,000 storage units.
Frank is a graduate of the University of Pennsylvania where he earned his Bachelor of Science in Civil Engineering; Master of Science in Environmental Engineering and completed the Wharton Management Program.
Dan Moore
Executive Vice President & Junior Principal
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Dan has over 20 years of experience in the construction industry and has completed more than 10 million square feet of ground-up projects in most asset types with extensive experience in the self-storage, mixed-use, retail, and medical office sectors. Prior to joining Montar Group, Dan worked for Public Storage where he oversaw new ground up construction projects as well as acquisitions and renovations in the Carolinas, Virginia, Georgia and Florida.
Dan is a graduate of the Georgia Institute of Technology with a Bachelor of Science in Building Construction.
Why Self Storage?
High Asset Class Returns.
During the past 10 years, NAREIT reports that self-storage REITs produced compound annual growth rates of 16.8%.
Performance During COVID.
Self-storage has weathered the COVID storm, continuing to exhibit strong demand manifested in record occupancies and strengthening rents.
Recession Resistance.
During the Great Recession, self-storage REITs were the only real estate asset type that produced positive returns.
Fragmented & Inefficient Markets.
Nearly 80% of self-storage properties remain in the hands of small, independent investors creating opportunities for consolidation and scale.
Relationships
