The Equitable Advisors team possesses a diverse set of business disciplines and real estate expertise.
Ian Burnstein, principal and founder of Equitable Advisors LLC, has developed, owned and managed self-storage facilities since 2001 as an active principal in more than $600 million in real estate investments. He has served in an advisory capacity in numerous other real estate transactions.
As co-founder and former chief operating officer of Storage Pros Management LLC (SPM), Ian coordinated all operations including property management, marketing and technology, for a portfolio that until a recent capital event was comprised of more than 70 properties encompassing more than 3.2 million rentable square feet of self-storage. He currently oversees SPM affiliate Storage Development Partners (SDP), which develops ground-up self-storage facilities in the Northeast U.S.
Ian is also co-founder and president of the Storage Business Owners Alliance (the SBOA), the leading cooperative buying group within the self-storage industry. The SBOA has more than 6,500 locations buying services together from more than 30 vendors at advantageous rates for SBOA members. In addition, he co-founded and serves as president of SBOA Tenant Insurance, an industry leading organization that enjoys the participation of many of the largest self-storage private operators. His other affiliations include acting principal of Find Local Storage, an online self-storage aggregator owned by self-storage operators, and founder and director of List Self Storage, the preeminent self-storage property listing service.
Ian earned a B.A. from the University of Michigan in 1992, and in 1995 a J.D. from the University of Detroit Mercy, where he acted as editor-in-chief of his law review. He remains a member of the State Bar of Michigan and a licensed real estate broker within the state of Michigan.
David M. Levenfeld is a principal of Equitable Advisors LLC and the co-founder and CEO of Storage Pros Management LLC and its affiliated companies. A twenty-five-year veteran of the self-storage investment community nationwide, David, in addition, co-founded and manages the Storage Business Owners Alliance (SBOA) (www.theSBOA.com) and its affiliates, including SBOA Tenant Insurance.
Since 2002, as principal in numerous partnerships and limited liability companies, David has led the acquisition and disposition of more than $1 billion of self-storage properties in the northeast, southeast and Midwest U.S. He has also brokered the sale of more than $130 million of self-storage facilities and development parcels in the northeast U.S.
From 1996 to 2001, David served as vice president of development for Storage USA, at that time, a NYSE-listed real estate investment trust. In this capacity, he supervised the company’s development activities in the Northeast U.S., including new construction, expansion and conversion self-storage facilities.
David is a co-founder and serves on the board of directors of SBOA TI Reinsurance, Ltd., a self-storage tenant insurance company. He also serves on the advisory board of CubeSmart (NYSE: CUBE), a real estate investment trust that owns and operates self-storage facilities nationwide, and Jernigan Capital LLC (NYSE: JCAP), a mortgage real estate investment trust that specializes in self-storage lending. He is a member of the Loan Committee for A10 Capital, LLC, a national balance sheet lender.
David earned an MBA in 1987 from the Wharton School of the University of Pennsylvania, where he concentrated his studies in real estate and finance. He holds a master’s degree from the University of Chicago, a Bachelor of Arts from Boston University, and remains a licensed real estate broker in Massachusetts and Rhode Island.
Erik Stamell is a principal of Equitable Advisors LLC. He earned his J.D. from the University of Michigan Law School in 1996 following a B.A. in Political Science from Washington University in St. Louis in 1993.
Erik’s first six years of practicing law dealt in real estate, corporate and finance transactions, primarily for DKW Law Group, a regional firm based in Pittsburgh with smaller offices in Detroit, Washington D.C., St. Louis, and Cleveland. From there his focus shifted to specializing in finance transactions with DKW’s affiliated investment bank.
In 2003, Erik left the practice of law to establish a short-term real estate debt fund, focusing on opportunistic debt transactions with an acute need for fast-moving, high-yield capital. Through the Fund and its successor fund, the company deployed more than $100 million of primarily multifamily real estate-based-debt and equity transactions, to also include retail, hospitality and industrial properties.
Erik is a founder and former general counsel of Retail Capital, LLC, d/b/a Credibly, an alternative provider of capital to small and medium-sized businesses (www.credibly.com). Credibly has funded well in excess of ten thousand small business transactions since its inception in 2010. He joined family owned National Equity in 2011 to focus on multifamily acquisitions with founders Mickey Ross and Paul Ross, who operate and manage more than 3 million square feet of commercial real estate across the U.S.
In addition to his current principal duties with Equitable Advisors, Erik serves as president and CEO of Equitable IP Corp., an intellectual property monetization company, which owns or is a partner in more than 700 patents in the U.S., Europe and Asia.
John D. Price III is a principal of Equitable Advisors LLC who brings more than 20 years of experience in corporate finance, treasury and operations. John also serves as president of Storage Pros Management LLC (SPM) and its affiliated companies, with responsibility for the full breadth of company operational and financial performance. He previously served as SPM’s executive vice president and chief financial officer.
Prior to his roles with SPM, John led global liquidity management and structured financing activities for Ally Financial formerly GMAC LLC), a then-$170 billion diversified financial services provider.
Since joining SPM, John has been directly involved with the acquisition, management and disposition of in excess of $500 million of self-storage properties, including development of due diligence, financing, negotiation and documentation.
Previously, John spent 10 years at Ford Motor Company and its Visteon Corporation spin-off, leading finance and treasury activities including financial planning and analysis, cash investments, subsidiary financing, cash flow forecasting and operations finance management. He began his career as a commercial real estate lender at Comerica Bank.
John earned an MBA, with high distinction, in finance and accounting from the University of Michigan Ross School of Business. He holds a bachelor’s degree, with high honor, in finance from Michigan State University.
Robert Verdun is a principal of Equitable Advisors. Robert is a graduate of Massachusetts Institute of Technology (MIT) Entrepreneurial Master’s Program.
A proven entrepreneur and successful business owner, Robert currently specializes in helping businesses with their go to market/ growth strategies and effective ways to maximize shareholder value. He has significant experience with Mergers and Acquisitions (M&A) and capital raising, and has been involved in dozens of transactions.
Robert founded and was President and CEO of Computerized Facility Integration, LLC (CFI)—a leading facilities management consulting and technology services provider to Fortune 500 companies across the world. Under Robert’s leadership, CFI was a fast growth success story, achieving a 24 percent 10-year average growth, and winning Inc. Magazine’s “Fastest Growing Private Companies” award for five consecutive years through 2015. While CFI’s President, Robert established partnerships with some of the leading companies in its industry, and became IBM’s largest global partner for multiple product lines. CFI prided itself on its win-win-win approach for clients, employees, and vendors—routinely winning awards as an Employer of Choice, Companies to Watch, Best and Brightest, Great Place to Work, and more.
Robert has also been very active with the American Diabetes Association, holding several national board positions. Robert led a task force for the ADA to restructure operations and streamline the organization, resulting in dramatic savings for the $250M non-profit organization.
Upon the sale of CFI in 2015 to a public company, Robert continued on as President of the division that purchased his company (Newmark Global Corporate Services) through 2016. More recently Robert has led and been involved with several M&A transactions, advising company owners on capital strategies for acquisitions, mergers and capital raises. Bob is a lifetime learner and has participated in numerous educational programs including Entrepreneurial Operating System (EOS), Gazelles, Strategic Coach, High Stakes Negotiating, and many others.