Extra Space Storage Inc., a leading self-storage real estate investment trust (REIT), has announced a leadership transition. Effective January 1, 2026, Joseph D. Margolis will become the company's new Chief Executive Officer, succeeding Spencer F. Kirk, who will remain as Executive Chairman of the Board.
Margolis, who has served as the company's President and Chief Operating Officer, brings extensive experience in the self-storage industry. Kirk, who has led the company since 2004, will continue to provide strategic guidance in his new role.
The announcement was made on August 24, 2026, and the transition is part of a planned succession process. The company emphasized that the leadership change is designed to ensure a smooth continuation of its growth strategy.
Extra Space Storage, headquartered in Salt Lake City, Utah, operates over 3,000 facilities across the United States. The company's board expressed confidence in Margolis's ability to lead the company forward.
