BlueGate Storage Company Promotes Acquisitions VP to President
BlueGate, an affiliate of Madison Capital Group, has promoted Neil Dyer to president as the company continues expanding its portfolio of storage properties for boat and RV owners nationwide. Previously serving as vice president of acquisitions and development, Madison said Dyer has been instrumental in executing and launching BlueGate’s platform, which now operates across six states.
“We are excited to announce this well-deserved promotion,” said Ryan Hanks, chief executive officer of BlueGate and Madison Capital Group. “Neil has been a key part of the success of not just BlueGate but Madison Capital as a whole. BlueGate presents a great opportunity to scale another business within Madison, and we are confident in Neil and his team’s ability to make it happen. We are focused on expansion and see tremendous potential for growth.”
Dyer, who has been with Madison Capital Group since 2018, has played a “crucial role in identifying opportunistic storage acquisitions throughout the country.” Before joining Madison Capital, he was with CBRE, the world’s largest real estate services firm.
BlueGate currently operates seven boat and RV storage facilities and two marinas in Arizona, Florida, North Carolina, Tennessee, Texas and Virginia. The company is set to open new locations in Christiana, Tenn., and Bonita Springs, Fla., by mid-March 2025.
The company acquires and develops Class A covered storage facilities, marinas, and dry stack boat storage to meet the growing demand for high-quality recreational vehicle storage.
“BlueGate was established based on our extensive experience in the self-storage industry,” said Dyer. “We recognized that boaters and RV owners were being underserved, particularly in markets across the Southeast. Our goal is to create a best-in-class storage experience tailored to their needs.”
With a vision to become one of the nation’s largest owners of boat and RV storage facilities, Dyer acknowledged the growing competition in the market and emphasized the importance of strategic marketing efforts to attract new customers and maintain BlueGate’s industry leadership.
“As the market evolves, we are focused on continued expansion through acquisitions and development while maintaining the highest level of service for our tenants,” Dyer added. “Our objective is to build a recognized brand that boat and RV owners trust for their long-term storage needs.”
Last August, BlueGate named JC Reed as chief operating officer. He most previously had served as senior vice president of operations at Store Space Self Storage where he oversaw a multistate portfolio of 70 locations with more than $70 million in revenue.
Madison Capital Group, headquartered in Charlotte, N.C., specializes in real estate investments with a focus on the self-storage and multifamily sectors. The company is the parent entity of Go Store It Self Storage, a non-traded direct investment sponsor emphasizing self-storage, and Madison Communities, a vertically integrated real estate development and investment firm.
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