SmartStop Asset Management, LLC
SmartStop Asset Management (“SAM”) is a diversified real estate company focused on student housing and senior housing. SAM and its affiliates have a managed portfolio that includes approximately $2.0 billion of assets. Since 2007, SAM and its affiliates have transacted approximately $6.0 billion in real estate deals. SAM’s managed portfolio includes five student housing communities with approximately 2,800 beds and 1.1 million square feet of space, as well as four senior housing communities with approximately 680 beds and 516,000 rentable square feet of space. SAM is the sponsor of Strategic Student & Senior Housing Trust, Inc., a public non-traded REIT focused on student and senior housing assets. SAM is also a national sponsor of Section 1031 exchange offerings using the Delaware statutory trust structure.
SAM has a track record of full-cycle REIT liquidity events, including the all-cash merger of SmartStop Self Storage, Inc. (f/k/a Strategic Storage Trust, Inc.) with Extra Space Storage in October 2015 for $13.75 per share and the all cash merger of Strategic Storage Growth Trust, Inc. with Strategic Storage Trust II, Inc. in January 2019 for $12.00 per share. In June 2019, SAM entered into a series of transactions with SmartStop Self Storage REIT, Inc. (“SmartStop REIT”) (f/k/a Strategic Storage Trust II, Inc.) in which SmartStop REIT acquired the self storage advisory, asset management, property management and tenant insurance joint venture interests of SAM. As a result of the transactions, SAM and its subsidiaries own limited partnership units in the operating partnership of SmartStop REIT. SmartStop REIT is now a self-administered self storage REIT that, through its wholly owned subsidiary, SmartStop REIT Advisors, LLC, sponsors other self storage programs, including Strategic Storage Trust IV, Inc. and self storage private programs.
About Investment Manager
(See tables below)
SmartStop Self Storage, Inc. (formerly Strategic Storage Trust)
SmartStop Self Storage REIT (formerly Strategic Storage Trust II, Inc.)
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SmartStop Asset Management, LLC
10 Terrace Road
Ladera Ranch, CA 92694
$2.0 Billion - SmartStop Asset Management, LLC
$1.6 Billion - SmartStop Self Storage REIT, Inc.
Total Equity Raised**
Number of Liquidity Events***
* Total assets for all active alternative investments reported by sponsor.
** During offering periods, including DRIP proceeds, for all offerings reported by sponsor.
*** As defined by Blue Vault where total liquidity has been achieved for common stock.
*On January 27, 2017 Strategic Student & Senior Housing, Inc. (“Company”) commenced a private offering of up to $100 million in shares of common stock and 1,000,000 shares pursuant to its distribution reinvestment plan to accredited investors only pursuant to a confidential private placement memorandum. The private offering was terminated on March 15, 2018. Pursuant to the private offering, approximately $91.5 million in shares were sold. The Company redesignated all shares of common stock issued in the private offering as Class A Shares.
Strategic Storage Trust IV, Inc.
Strategic Storage Growth Trust, Inc.
Strategic Storage Growth Trust, Inc. (“SSGT”) was merged into Strategic Storage Trust II, Inc. on January 24, 2019, with Strategic Storage Trust II being the surviving entity and shareholders in SSGT receiving $12.00 per common share. SSGT did not file a 10-K for 2018.
*As of September 30, 2018; sale price of assets was $350 Million
SmartStop Self Storage REIT
SmartStop Self Storage, Inc.
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*Average of total assets over the life of the REIT, excluding values after mergers with other nontraded REITs.