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    Joseph D. Margolis

    Board
    Since January 1, 2017
    Age
    63 years
    Education
    Earned a Bachelor's degree from Harvard College and a Juris Doctor from Columbia University School of Law.
    Tenure
    Joined the company as Executive Vice President and Chief Investment Officer in 07-2015 and was promoted to CEO on 01-01-2017.

    Also at Extra Space Storage Inc

    GGM
    Gwyn G. McNeal
    EVP and Chief Legal Officer
    MH
    Matthew Herrington
    EVP and COO
    NS
    Noah Springer
    EVP and Chief Strategy and Partnership Officer

    About

    Joseph D. Margolis has built an extensive career in real estate and finance, beginning as a real estate associate at Nutter, McClennen & Fish from 1986 to 1988 and serving as in-house counsel for The Prudential Insurance Company of America from 1988 to 1992. He further honed his expertise at Prudential Real Estate Investors from 1992 through 2004, and later ventured into entrepreneurship by co-founding Arsenal Real Estate Funds, where he contributed significantly to private real estate investment management until 2011.

    After his entrepreneurial venture, he served as a Senior Managing Director and Partner at Penzance Properties from 2011 to July 2015, further establishing his reputation in the real estate development and investment arena. His transition to Extra Space Storage marked the next phase of his leadership journey, where prior to his current role he joined as Executive Vice President and Chief Investment Officer in July 2015 and later ascended to the position of CEO in January 2017.

    Beyond his executive role at Extra Space Storage, he has contributed to the industry through board roles, including serving on the board of directors at the company before and after his executive appointments, as well as his involvement as a director for Invitation Homes. His diverse background in law, real estate, and finance continues to guide his strategic leadership and drive operational excellence in the companies he serves.

    $EXR Performance Under Joseph D. Margolis

    Past Roles

    OrganizationRoleDate RangeDetails
    Extra Space Storage (EXR) Executive Vice President and Chief Investment Officer July 2015 to December 31, 2016 Pre-CEO leadership role at EXR
    Extra Space Storage (EXR) Board Member February 2005 to July 2015 Initial tenure as board member prior to his CEO appointment
    Penzance Properties Senior Managing Director and Partner 2011 to July 2015 Vertically integrated owner, operator, and developer in the Washington, D.C. metro area
    Arsenal Real Estate Funds Co-founding Partner 2004 to 2011 Private real estate investment management firm
    Prudential Real Estate Investors Senior Portfolio Management, Capital Markets, and General Counsel 1992 to 2004 Division focused on real estate investment management
    The Prudential Insurance Company of America In-house Real Estate Counsel 1988 to 1992 Provided legal counsel for real estate matters
    Nutter, McClennen & Fish Real Estate Associate 1986 to 1988 Worked as a real estate associate at the law firm

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$900,000 Annual Fixed base salary for 2023
    Restricted Stock Awards$1,887,491 (11,533 shares) Multiple vesting dates Grant Date: March 1, 2023. Vesting details: 2,839 shares vest on February 12, 2024; 5,440 shares vest ratably over February 16, 2024 and February 16, 2025; 7,289 shares vest ratably over February 14, 2024, 2025 and 2026; 11,533 shares vest ratably over March 1, 2024, 2025, 2026 and 2027.

    Performance Compensation

    Data from  FY 2023

    No information available on performance compensation for 2023