30 Oct 2019
This article originally appeared on Sparefoot.com.
A [real estate investment](https://www.radiusplus.com/keyword/real estate investment) firm in Southern California has brought aboard a [self storage](https://www.radiusplus.com/keyword/self storage) industry veteran to lead the formation of a storage portfolio comprising at least 100 facilities.
[James Hanrahan](https://www.radiusplus.com/keyword/james hanrahan), former managing partner of Orange, CA-based [RHW Capital Management Group LLC](https://www.radiusplus.com/keyword/rhw capital management group) and former partner of RHW’s [Store Here](https://www.radiusplus.com/keyword/store here) [Self Storage](https://www.radiusplus.com/keyword/self storage) Management LLC, recently joined [The Beverly Park Group](https://www.radiusplus.com/keyword/beverly park group) as managing principal and director of [self-storage](https://www.radiusplus.com/keyword/self storage) acquisitions.
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Hanrahan said [The Beverly Park Group](https://www.radiusplus.com/keyword/beverly park group), based in Newport Beach, CA, plans to ...
... due to the operational instability of the properties. Therefore, he said, potential buyers are passing over these facilities for [certificate-of-occupancy acquisitions](https://www.radiusplus.com/keyword/certificate-of-occupancy acquisitions).
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Most notably, William Lappas, co-founder and managing principal of [The Beverly Park Group](https://www.radiusplus.com/keyword/beverly park group), helmed a joint venture between [Store Here](https://www.radiusplus.com/keyword/store here) and Los Angeles, CA-based investment manager [Westport Capital Partners LLC](https://www.radiusplus.com/keyword/westport capital partners) that sold a 27-facility, six-state portfolio in November 2017 to Greenwood Village, CO-based REIT [National Storage Affiliates Trust](https://www.radiusplus.com/keyword/national storage affiliates trust).
