StorageMart, located in Columbia, Missouri, was formed in 1999 to acquire and develop self-storage facilities in the United States. Prior to starting StorageMart, the management team was responsible for building Storage Trust Realty, a company that was in operation since 1972, went public in 1994 and was acquired by Public Storage (the largest company in the industry) in 1999, when it operated 237 facilities located primarily in the Midwest and Southeast. Warburg Pincus originally committed up to $50 million to the company in 1999. In 2001, based on the company’s progress in developing and acquiring assets in several key markets, Warburg Pincus increased its commitment to up to $100 million in order to fund the future growth of the company. StorageMart's goal is to build a premier self-storage company through the acquisition and development of high quality facilities in infill locations in key markets.

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