Business Wire·Jul 21, 2026, 5:06 PM ET

Parul Butala Named President of AMERCO Real Estate Company

Parul Butala was promoted to president of AMERCO Real Estate Co. (AREC) on July 17, 2026.
The appointment follows Butala's tenure with the U-Haul family since 1994, including roles as a staff architect, risk management team member, & Director of Land Use & Planning since 2019.
AREC manages real estate acquisitions & dealings for U-Haul from the U-Haul Tower in Midtown Phoenix.
The organization oversees a portfolio of 2,431 owned-and-operated locations across all 50 U.S. states & 10 Canadian provinces.
U-Haul ranks as the third largest self-storage operator in North America with 1,136,000 rentable storage units & 99 million square feet of space.
Butala holds a Master of Science in Architecture from Cal Poly San Luis Obispo & an MBA from Arizona State University.
She succeeds Matt Braccia in the AREC president role & aims to strengthen communication, support field operations, & improve property acquisition & development.
Butala resides in Chandler, Ariz., & has been married to Valmiki Patel for 32 years; they have two children, Riya & Shivan Patel.