Parul Butala Named President of AMERCO Real Estate Company

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Parul Butala Named President of AMERCO Real Estate Company

2026-07-22 05:06 Last Updated At：18:55

PHOENIX--(BUSINESS WIRE)--Jul 21, 2026--

Parul Butala has been promoted to president of AMERCO ® Real Estate Co. (AREC), the real estate arm of U-Haul ® Holding Co.

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The appointment was made on July 17.

Butala has been part of the U-Haul family since 1994. She spent many years developing her skills as a staff architect for the AREC construction group. She joined the U-Haul Risk Management team for a brief stint in the early 2000s before returning to real estate.

Since 2019, Butala has served as AREC Director of Land Use and Planning.

“I am honored and grateful for the opportunity to serve as AREC President,” Butala said. “I would like to thank (U-Haul CEO) Joe Shoen for his confidence in me and for this opportunity. Over the past 30 years, I have had the privilege of learning from Joe, my colleagues, and the many talented people across our Company. Those experiences have shaped both my career and my approach to leadership.”

AMERCO Real Estate Co. was started in 1974 to manage the growing real estate portfolio and development services of U-Haul Holding Co. (then AMERCO). Today, that includes 2,431 owned-and-operated locations across all 50 states and 10 Canadian provinces. U-Haul is the third largest self-storage operator in North America with 1,136,000 rentable storage units and 99 million square feet of self-storage space.

U-Haul is in its 81st year of operations as the industry leader in do-it-yourself moving and self-storage. U-Haul International, AREC and other subsidiaries of U-Haul Holding Co. are headquartered in Phoenix, Ariz., where they support a network of more than 25,000 U-Haul rental locations serving millions of customers across the U.S. and Canada.

“My goal is to strengthen communication across our teams, better support our field operations, and continue improving the way we acquire, develop, and deliver properties,” Butala added. “I believe our greatest strength is our people. I look forward to listening, learning, and working alongside our team to foster a culture built on trust, accountability, collaboration, and continuous improvement.”

Butala holds a Master of Science in Architecture from Cal Poly San Luis Obispo and a Master of Business Administration from Arizona State University.

A resident of Chandler, Ariz., Butala has been married to Valmiki Patel, a software engineer at Intel ®, for 32 years. They have two children: daughter Riya Patel, 26, who received a bachelor’s degree in chemical engineering from Vanderbilt University and is pursuing a PhD in cellular and molecular biology at the University of Washington; and son Shivan Patel, 23, who graduated from the University of California, Berkeley with a degree in electrical engineering and computer science and now works as a software engineer in the Bay Area.

Butala assumes the AREC role previously held by Matt Braccia.

About U-HAUL

Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 25,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers’ patronage has enabled the U-Haul fleet to grow to approximately 204,800 trucks, 136,600 trailers and 42,000 towing devices. U-Haul, which offers rate transparency to self-storage customers through its 1-Year Price Lock, is the third largest storage operator in North America with 1,136,000 rentable storage units and 99 million square feet of self-storage space at owned and managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from theApp StoreorGoogle Play.

Mahomes and Walker shine, Butker hits winning 40-yarder as Chiefs beat Colts 33-30 in OT

KANSAS CITY, Mo. (AP) — Harrison Butker kicked two field goals in overtime, the second a 40-yarder as time expired that Patrick Mahomes and Kenneth Walker III set up, giving the Kansas City Chiefs a 33-30 victory over the Indianapolis Colts on Sunday night.

Mahomes finished with 382 yards passing and three touchdowns, Walker ran for 117 yards, and Travis Kelce looked like a younger version of himself with nine catches for 101 yards and a score as the Chiefs improved to 2-0.

Daniel Jones had 210 yards passing with a touchdown and a pick for the Colts. Jonathan Taylor had 92 yards rushing and two TDs.

The Chiefs thought they had won the game earlier in overtime on a bizarre sequence of events.

Butker kicked a 31-yard field goal to give them the lead, and the Colts (0-2) responded on their possession by having Jones throw deep to Laquon Treadwell, who had beaten L'Jarius Snead. Treadwell appeared to be bobbling the ball as he hit the ground, got up after he had completed the catch, had the ball popped loose and watched as the Chiefs pounced on it.

The play was ruled a fumble on the field, but the officials reviewed it and determined Treadwell was down by contact. That gave the Colts a chance to score a go-ahead touchdown, but they ended up having to settle for Spencer Shrader's tying 38-yard field goal.

The Chiefs took over once more with 3:11 left in the extra session, and they handed off to Walker on three straight plays to reach midfield. But the backbreaker for Indianapolis was a 22-yard pass to the running back, which set up Butker's winning kick.

The Colts had chalked up a disastrous defensive performance against Baltimore in Week 1 to communication problems, and they hoped to solve them by having linebacker Akeem Davis-Gaither relay the play calls rather than safety Cam Bynum. But the tweak didn’t seem to make much difference as Kansas City was marched up and down the field throughout the game.

Each of the Chiefs’ first four drives would have produced points had Butker not missed a 51-yard field goal try.

Yet the Colts were able to match Mahomes and Co. blow-for-blow over the first 30 minutes. Tyler Warren had three catches and a touchdown, Josh Downs picked apart a Chiefs secondary missing safety Chamarri Conner for a second straight game, and Taylor had 75 of his rushing yards — the highlight a 24-yard touchdown scamper that gave Indianapolis a 20-17 lead at the break.

The Chiefs allowed Denver to run for just 61 yards total in their 31-10 win last week.

Kansas City finally slowed the Colts’ offense by refusing to give them the ball. The Chiefs held it for all but 2:22 of the third quarter, getting a go-ahead TD pass to Jalen Royals and setting up Butker’s field goal to start the fourth.

Indianapolis answered with an 8 1/2-minute drive that Taylor finished with his second TD run to tie it at 27l with 5:37 to go.

Neither offense could produce points down the stretch, though, leaving the game to be decided in overtime.

Colts: WR Alex Pierce was carted to the locker room with a left heel injury early in the second quarter. ... DE Michael Clemons left late in the first half with a toe injury. ... CB Charvarius Ward hurt his groin early in the second half.

Chiefs: RT Jaylon Moore left briefly in the third quarter but was able to finish the game.

Colts: Host the Texans next Sunday.

Chiefs: Visit the Dolphins next Sunday.

See AP’s full NFL coverage here