Self-Storage Operator SmartStop Asset Management Hires Senior VP of Acquisitions
August 3, 2016 | Inside Self Storage
SmartStop Asset Management LLC, a diversified real estate company that manages 86 self-storage facilities in Canada and the United States, has hired John Strockis as senior vice president of acquisitions. Strockis is a senior real estate executive with extensive experience in acquisitions, asset management, business development and brokerage leadership. He’ll be responsible for leveraging SmartStop’s existing platform and relationships to expand its real estate product offerings.
“John is a dynamic leader with an extensive network and business development experience,” said H. Michael Schwartz, CEO and chairman. “He will launch SmartStop’s 1031 exchange offerings to help us diversify our commercial property opportunities.”
Strockis will head a new division actively seeking commercial properties in industrial, multi-family, medical/healthcare, office and retail for property exchanges under Section 1031 of the U.S. Revenue Code, which states that certain properties can defer capital gains taxes.