SmartStop Asset Management LLC manages 128 self-storage facilities in Canada and the United States
March 21, 2019: A Ladera Ranch, California based SmartStop Asset Management LLC, that manages 128 self-storage facilities in Canada and the United States, sponsored a real estate investment program. It has raised a combined $77.5 million during the first two months of the year. SmartStop is a leading sponsor of public and private commercial real estate investment programs focused on student housing, senior housing and self storage assets.
The company’s investment programs raised 282 percent more during January and February 2019 than during the same two-month period in the last year.
"Demand for alternative investments that are non-correlated to traded equities continues to grow as wealth advisers and individual investors increasingly recognize the inherent benefits of portfolio diversification. We are committed to providing our adviser partners and their clients with investment programs that can provide income and potential appreciation while avoiding the volatility inherent in traded securities. Additionally, our focus on defensive and recession-resistant real estate asset classes provides advisers and investors with additional hedging and diversification options that many find appealing." Said by H. Michael Schwartz, CEO.
The company has approximately $1.8 billion of real estate under management, including five student-housing communities and four senior-housing communities. SmartStop’s self storage portfolio comprises about 9.5 million rentable square feet. SmartStop sponsors Strategic Storage Trust II Inc. and Strategic Storage Trust IV Inc. It also sponsors Strategic Student & Senior Housing Trust Inc. focused on senior- and student-housing assets.