#USA #Atlanta #Self Storage #Boardwalk Storage #Rajen Sheth

Boardwalk Development Group's New Milestone

Boardwalk Development Group (BDG) has proudly announced its ranking as the 45th largest self-storage operator in the nation in the latest Inside Self Storage 2025 Top Operators List. This recognition is a testament to its hard work, dedication, and strategic vision in an ever-evolving industry.

The Significance of the Ranking

The Inside Self Storage Top-Operators List serves as a critical benchmark within the self-storage sector, assessing leading companies based on their total rentable square footage. This year, the list reflects an industry that continues to grow, showing important shifts in management strategies and ownership patterns that are reshaping the market landscape.

With a remarkable 68.8% increase in total square footage, Boardwalk's position at #45 emphasizes not just its growth, but also its role in guiding innovation and development within the market. As consumers' needs shift and evolve, companies like Boardwalk are stepping up to provide solutions that meet the demand for self-storage services.

Boardwalk's Growth Journey

Founded in 2016, under the leadership of CEO and President Rajen Sheth, Boardwalk currently operates 19 facilities with a total of 10,152 units spanning over 2,935,179 square feet. The company boasts an impressive average gross realized internal rate of return (IRR) of 39% and a remarkable average gross realized return on investment (ROI) of 300% per project. This financial performance positions Boardwalk among the Top 50 self-storage developers nationwide.

In his enthusiasm for the ranking, Rajen Sheth stated, "This is an 18-year dream come true. This achievement reflects our team's dedication and strategic vision to deliver exceptional storage solutions. We're just getting started!"

Looking Ahead

Boardwalk Development Group is not resting on its laurels. The company has ambitious plans to expand its footprint by acquiring and developing additional facilities in the coming year. Such growth initiatives underline BDG’s belief in the potential of the self-storage sector, particularly within the Southeastern United States, where they have established a strong presence.

While the 2025 Top Operators List reveals that a significant number of self-storage companies are experiencing tempered acquisition and growth activity, Boardwalk stands out by not only maintaining but exceeding expectations. Indeed, 18 companies among the top 100 reported a growth rate of at least 15%, and six of those achieved gains of over 30%.

The collective total of the 2025 Top Operators represents over 1.5 billion net rentable square feet, a significant milestone that highlights the overall strength and demand in the self-storage market. This marks the second consecutive year that this benchmark has been surpassed, showcasing the industry's resilience and adaptability despite various economic challenges.

Conclusion

As Boardwalk Development Group continues to make strides in the self-storage industry, its new ranking reinforces both its current position and its future prospects for growth and innovation. With plans set in motion for new developments, the company is poised to set even more ambitious goals, demonstrating unwavering commitment to serving its customers and the marketplace. For more details on their services and upcoming projects, visit Boardwalk's website.