Early Life
B. Wayne Hughes Jr. was born in 1959. He is the son of B. Wayne Hughes, the founder of Public Storage. Growing up in this environment instilled a strong business acumen from an early age.
Rise to Success
Hughes Jr. began his career at Public Storage, where he served as Vice President of Acquisitions from 1985 to 1998. During his tenure, he played a pivotal role in expanding the company's portfolio and contributing to its growth. In 2005, he founded American Commercial Equities, a real estate investment firm focused on prime properties in California and Hawaii. Under his leadership, the company achieved significant success. He is also a trustee of Public Storage.
Key Business Strategies
Hughes Jr.'s business strategy includes acquiring and managing prime real estate properties. His experience at Public Storage provided him with a foundation for real estate investment. His company, American Commercial Equities, focuses on properties in California and Hawaii.
Philanthropy
B. Wayne Hughes Jr. is involved in philanthropic endeavors, including founding Serving California. The mission of this foundation is to aid victims of crime and hardship, rehabilitate ex-offenders, and assist veterans impacted by PTSD. He also contributed to California Proposition 47, which focused on sentencing reform.