Sanford J. Fleschman, Chairman
Mr. Fleschman is Chairman of North American Self-Storage Group, LLC. In his role as Chairman, Mr. Fleschman directs the company’s overall business, financial and operations strategy.
Throughout Mr. Fleschman’s business career his primary responsibilities have consisted of
operations, deal structure, strategy setting, resource acquisition and allocation needed to execute that strategy.
As part of that function he has sourced and negotiated debt and equity, which has totaled
hundreds of millions of dollars leading to the successful creation, execution and ultimate
disposition of several alternative asset real estate operating business portfolios.
In 1997, Mr. Fleschman founded STAR Senior Communities (“SSC”), a developer and owner of
Independent Senior Apartments, Congregate Care, Assisted Living, and Alzheimer’s Care Communities.
The company’s initial equity was raised from a New York Stock Exchange company with subsequent
equity financings through private institutional investors. SSC grew through the development
and operations of stand-alone Assisted Living/Alzheimer’s and Apartment communities.
Over the course of 2006 and 2007, the majority of the company’s portfolio was sold in a highly
successful liquidity event to a subsidiary of one of the largest private equity firms in the world.
Through SSC, Mr. Fleschman continues to be active in the
Senior Housing category through ownership, operations and advisory board level activities to
third party companies. Prior to founding SSC, Mr. Fleschman served as President and Partner
of Birtcher Senior Properties (“BSP”), a company focused on the development, acquisition and
management of Congregate Care and Assisted Living communities. BSP enjoyed profitable growth
throughout the early to mid-1990’s, becoming the twentieth-largest Assisted Living Company in the nation.
Prior to joining BSP, Mr. Fleschman held various positions in regional and national firms in the
areas of corporate finance, real estate investment and venture/special situation investing. He
has been an expert witness in numerous litigation cases related to the operations of Assisted Living.
Mr. Fleschman is or has been a member of numerous national industry trade associations
including a past member of the National Investment Conference Operations Advisory Board.
He received his BBA and MBA from the University of Texas at Austin where he was awarded a
Presidential Scholarship and inducted into the Beta Gamma Sigma National Business Honor Society.
He was also a recipient of a Washington Campus Fellowship.
Russ Colvin. CEO and President
Mr. Colvin is President/CEO of North American Self-
Storage Group, LLC. Mr. Colvin directs the company’s overall acquisition, development, capital raising,
and operational activities.
Mr. Colvin has been active for more than two decades in real estate investment, management, finance,
public service and business/non-profit leadership. In addition, Mr. Colvin manages the company’s key strategic self-storage
industry relationships. Mr. Colvin previously served as Chairman of StorSmart, LLC, and as a Principal of Alton Storage Partners, LLC, and developed a national self-storage development platform.
From 2005-2009, Mr. Colvin served as President /CEO and Co-Founder of CORE Realty Holdings, where he oversaw all company operations including the financing, acquisitions, management, asset repositioning and capital raising efforts for CORE investment properties throughout the United States. During Mr. Colvin’s tenure at CORE, the company acquired $1.2 billion of real estate assets, which consisted of more than 7,000 apartment units and 4.0 million SF of commercial real estate. Prior to joining CORE, Mr. Colvin served as President of Mammoth Equities Capital Group. From 1998-2003, Mr. Colvin served in senior executive positions with IMPAC Commercial Capital Corporation, Fidelity Federal Bank, and Hawthorne Savings, all of which were publicly traded financial institutions.
Mr. Colvin is actively involved in community service activities. Mr. Colvin has previously served on
the Board of Directors of the Los Angeles Fire Department Foundation, the RAND Corporation, the Los
Angeles County Sheriff’s Youth Foundation, the Los Angeles Police Foundation, the Los Angeles Police
Museum, the Los Angeles Regional Food Bank, and Olive Crest Homes and Services for Abused and
Neglected Children. Mr. Colvin is a life member of the Orange County Sheriff’s Advisory Council.
In 2006, Mr. Colvin was awarded the Jack Webb Award by the Los Angeles Police Museum.
In 2007, Mr. Colvin received the prestigious “Inspiration Award” from the Hugh O’Brian Youth
Foundation. From 2010-2012, Mr. Colvin served as Chairman of the LAPD Medal of Valor Awards. Mr. Colvin graduated cum laude from Brandman University with a BA in Legal Studies.
Andrew L. Youngquist, Director of Construction & Development
Andrew L. Youngquist has led a distinguished career in the construction industry, which spans
more than four decades. In his role at North American Self Storage Group, Mr. Youngquist directs
the overall construction, renovation and development of the company’s projects, and is integral
to the acquisition and due diligence process.
Mr. Youngquist also serves as General Manager of
Red Hill Construction, and directs all aspects of the construction operations for Red Hill Construction,
where the company specializes in self-storage construction, self-storage conversion/adaptive
reuse projects, and the rehabilitation of distressed real estate. Mr. Youngquist has also
developed self-storage projects on a ground up basis, as both a contractor and owner.
In 1979 Mr. Youngquist joined the Birtcher Real Estate Group as a Project Manager and was
later promoted to National President of Construction, and was responsible for overseeing
construction for all facets of the company, including international operations.
Mr. Youngquist also served on the board of directors of Birtcher Real Estate Group.
During his sixteen-year tenure with Birtcher Real Estate Group, Mr. Youngquist oversaw the
construction of over 30 million square feet of commercial and industrial real estate, including
hotels, retail properties, the tenant improvement division, and the major specialty projects division.
Mr. Youngquist also directed Birtcher Real Estate Group’s construction management program for the
theatre industry, which resulted in the construction of over 170,000 new theatre seats in five
million square feet of theatre space throughout the U.S.
In 1996, Mr. Youngquist formed Andrew L. Youngquist Construction Company (ALY),
specializing in movie theatres throughout the United States, in senior housing, podium condominium construction, and
construction of single family residential tract projects. In 2008, ALY was sold to Myers Financial Group.
Mr. Youngquist has previously served on the board of directors of Associated General Contractors,
Orange County Together Community Relations, Sun Valley Forum, and the Orange County Council of Girl Scouts.
Cherri King, CPA, Controller
Ms. King serves as Controller of North American Self-Storage Group, LLC. In her role as Controller,
Ms. King directs the company’s overall accounting, financial reporting, and budgeting operations.
In her role at Star Senior, Ms. King’s primary responsibilities consisted of operational accounting,
insurance, human resources, labor budgeting and tracking, and financial reporting at both the
company and community level. Ms. King joined the Birtcher organization in 1989. Previous to
her position as Vice President/Controller for BSP Management, she was Controller for Birtcher
Property Services, Inc., the property management and development division of the Birtcher organization.
Ms. King came to BSP from Kenneth Leventhal & Co as a Senior Tax Accountant. Her client base
included primarily residential and commercial real estate clients. Ms. King was graduated Cum
Laude from the University of California, Irvine with a B.A. in Political Science with special
emphasis in Economics. She continued her education with Business & Accounting course work at
the University of California, Los Angeles.
Anthony Laughlin, CPA, Director of Underwriting and Project Analysis
Mr. Laughlin serves as Director of Underwriting and Project Analysis of North American Self-Storage
Group, LLC. In his role as Director of Underwriting and Project Analysis, Mr. Laughlin performs
the financial analysis and financial modeling for new and existing projects. In addition, Mr.
Laughlin plays a key role in the acquisition underwriting process.
From 2010 to 2014, Mr.
Laughlin was with Center Street Lending, where he was responsible for analysis of residential
real estate loans,
directing reporting requirements for lending entities, and overseeing preparation of
partnership/LLC tax returns. Prior to joining Center Street Lending, Mr. Laughlin
was Land Acquisition Manager for Capital Pacific Homes, a residential home builder. Mr.
Laughlin’s duties included sourcing building sites for the company’s Southern California Division,
all aspects of due diligence, cash flow analysis, entitlement requirements, and negotiating purchase contracts with
sellers. During Mr. Laughlin’s tenure, the Southern California Division closed the purchase of
over 3,000 residential lots at a value in excess of $80 million.
Prior to joining Capital
Pacific Homes, Mr. Laughlin was Controller for Luminex Lighting, Inc, where he oversaw all of
the company’s accounting functions. Prior to joining Luminex Lighting, Mr. Laughlin was Chief
Financial Officer for Capital Pacific Homes. Mr. Laughlin’s responsibilities included
preparation/filing of all quarterly and annual SEC reports, and banking relationships.
Prior to becoming CFO, Mr. Laughlin served as the company’s internal auditor.
Mr. Laughlin is a
Certified Public Accountant, and received his BA in Accounting from California State University Fullerton.
