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Richard Tanner
Member of Board of Directors &/or Board Of Advisors - Mentors International
Professional Background
Richard Tanner is a distinguished business leader with over 35 years of experience in developing entrepreneurial ventures across various sectors. He holds a prominent place in the commercial real estate industry, having contributed significantly as the initial second general partner in the startup of Extra Space Storage (EXR), which made an impactful entry into the NYSE in 2004. Under Richard’s leadership and vision as Senior Vice President of Development & Construction, the company has seen substantial growth. Notably, Extra Space Storage was selected to be part of the S&P 500 and earned the recognition of being the 'Top REIT Stock of the Decade,' boasting a remarkable 10-year total return to shareholders of 1,179%.
Richard's expertise spans not only development in commercial real estate but also a deep commitment to social business and non-profit organizations. His passion lies in empowering individuals and communities by helping them become economically self-reliant. Throughout his career, he has made it his mission to mentor others, enabling them to achieve their full potential in business and life.
Education and Achievements
Richard Tanner's educational background is robust, having earned a Master of Business Administration (MBA) in Business from the University of Utah. Prior to that, he graduated cum laude with a Bachelor of Science in Business Management from Brigham Young University. This strong educational foundation has been instrumental in his successful career, providing him with the analytical skills and strategic thinking necessary to excel in competitive environments.
Beyond his academic achievements, Richard has occupied various leadership roles in a diverse set of organizations. Notable positions include:
- Director at RedConcero S.A.P.I. de SV, where he is involved in strategic decision-making and governance.
- Former President and Manager at Concero Connect L3C, where he oversaw operations and strategic initiatives.
- Serving as a former member of the Board of Directors at Mentors International, he has engaged in fostering entrepreneurship and economic development in communities.
- Richard also worked as Managng Member at Tanner Storage Mexico LLC, bringing his expertise to international markets.
- In his earlier days, he contributed as a Partner at Self Storage Development, further solidifying his reputation in the self-storage industry.
Community Impact and Mentorship
Richard's dedication extends beyond business success; he has served as former President of Extra Space Associates, Inc., and in leadership capacities like Acting Chief Executive Officer at Mentors International. His commitment to mentoring aspiring entrepreneurs and young business leaders is evident throughout his career.
His role as Director of the Willes Center for International Entrepreneurship at BYU-Hawaii allowed him to connect and inspire the next generation of entrepreneurs. He also had the honor of being the Chairman of the Board at the Self Storage Association (SSA) in the USA, where he influenced industry standards and practices that benefit operators and consumers alike.
Achievements
Richard Tanner's career is marked by numerous accolades and achievements, demonstrating his influence in the real estate sector and the broader business community. Some of the significant milestones in his career include:
- Contributing to the transformation and success of Extra Space Storage, now recognized as one of the leading companies in the self-storage industry.
- Driving development projects that contribute to the creation of sustainable business practices within the commercial real estate landscape.
- Leading successful initiatives that focus on social business, helping individuals and organizations become economically viable and independent.
In addition to his Board and leadership roles, Richard Tanner remains an active participant in various business networks and industry groups, where he shares his insights and learning experiences to inspire others. He embodies a spirit of collaboration and growth, making lasting contributions not only to his immediate community but also on a larger scale.
Overall, Richard Tanner exemplifies what it means to be a successful entrepreneur, mentor, and community leader. His expertise in development and construction, paired with his passion for enabling others through mentorship, has laid a solid foundation for his ongoing impact in the business world.
Achievements
Richard Tanner's career is highlighted by his significant contributions to the real estate sector, particularly in development and construction, and his commitment to promoting economic self-reliance through social entrepreneurship.
