Waters Incorporated was founded in May 1930, by Karl Martin Waters, Sr. as the Keesler-Waters Company. The original scope of business involved property and casualty insurance and residential property management. In 1939 the company’s name changed to Waters Insurance and Realty. K. Martin Waters, Jr. assumed the title of President in 1953 and over the next two decades diversified the company into multi-family development, commercial development, and commercial property management. Additionally, the company became involved in the brokerage of investment and user properties. In the 1970’s the company diversified into the development and management of self-storage complexes further broadening the company’s expertise.