History
1990 – The Magellan Group is founded by Kevin Staley and Martin Slusser, two Partners from the Trammell Crow Company.
1991 - 1996 –Magellan establishes a real estate consulting practice that assists redevelopment agencies in Southern California on “Highest and Best Use Studies” where Magellan’s practical expertise as developers could be effectively combined with its analytical talents.
1996 – Founded the Southern California Industrial Fund (SCIF) with the goal of acquiring, repositioning and selling undervalued B and C class industrial assets in Southern California.
1996 - 2005 —SCIF sourced over $400 million in equity and debt financing to purchase 23 properties totaling 3.5 million SF.
1999 – Magellan acquired its first self-storage facility in Irvine, California.
2000 – Magellan acquired an industrial project in the city of Torrance and converted one of the two buildings to a self-storage facility. With its opening in 2003, the brand “Magellan Storage” was established.
2008 – Established the Magellan Industrial Fund (MIF), a discretionary fund created to extend Magellan’s strategy of growing its industrial and self-storage assets in Southern California and in selected other Western markets.
2008 - 2010 – Magellan focused its resources on protecting its partners’ capital and fulfilling its obligations to its lenders. No assets were lost.
2010 - 2015 – MIF capital deployed through co-investment joint venture structures with institutional and high net worth partners in selected distressed and other value-added investment opportunities. Such structures enabled MIF to allocate its capital across a larger number of real estate investments and achieve outstanding investment returns.
2014 – Formed a follow-on investment with core MIF investors and established a joint venture with the Principal Group to acquire and develop a 27-acre infill site in El Monte, California into a 502,000 SF industrial project called Magellan Gateway. Magellan Gateway was completed in August 2016.
2001 - 2016 – Magellan Storage grows through acquisitions and development into a top 100 self-storage firm in the United States, and one of the premier regional operators in Southern California. Distinguished by its excellent locations, exceptional design standards and outstanding customer service, Magellan Storage became a strong presence in its local Southern California markets. Targeted to appeal to institutional quality investors from the beginning, Magellan Storage attracted a high level of interest when the portfolio was marketed and sold in 2016 to a public self-storage company.
2016 - 2018 – Completed 500,000 SF industrial development at Magellan Gateway and completed value-add programs on selected other industrial, storage, and retail assets. Initiated and completed $375 million disposition process.