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Alternative Assets  + Real Estate  | 
Devon Self Storage Surpasses $2B AUM With 202-Facility Expansion 

Devon Self Storage Surpasses $2B AUM With 202-Facility Expansion 

Devon Self Storage, part of The Inland Real Estate Group of Companies, announced it has grown its portfolio to 202 facilities in 2025, representing approximately $2 billion in assets under management. The milestone comes after nearly doubling its size since 2024 through high-quality acquisitions and developments, adding 96 new assets across 31 states and expanding its workforce to more than 400 employees. 

Executives highlighted the firm’s customer-first approach and scalable operations, noting its recognition among the nation’s top storage operators as evidence of its growth strategy’s success. 

“This milestone reflects our strategic focus adding nearly 100 self-storage facilities and doubling in size since 2024 through high-quality acquisitions and developments,” said Matthew Tice, co-CEO of Devon and SV of Inland Real Estate Acquisitions, LLC. 

“We’ve focused on building a scalable, customer-first operation, and being named among the top operators in the country reinforces the impact of that approach,” added Ken Nitzberg, co-CEO of Devon. “We’re proud of the progress we’ve made and are excited about the opportunities ahead.” 

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Devon Self Storage

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.