LADERA RANCH, Calif., Feb. 26, 2021 /PRNewswire/ — SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Firm”) at the moment introduced that Michael McClure will probably be retiring as Chief Govt Officer, efficient April 15, 2021. Founder and Govt Chairman H. Michael Schwartz will assume the function of Chief Govt Officer, a task Mr. Schwartz beforehand held. Mr. McClure will stay accessible to the Firm in a marketing consultant capability for 12 months following the transition.
Mr. McClure is retiring after spending over a decade with SmartStop and its affiliated corporations throughout which the Firm’s presence grew to 150 properties totaling 11.4 million rentable sq. ft all through North America, and have become one of many ten largest self storage corporations in america. Mr. McClure was additionally instrumental within the portfolio development and subsequent sale of Strategic Storage Belief, Inc. (often known as SmartStop Self Storage, Inc.) to Further House Storage, Inc. in October 2015, which resulted in among the best full-cycle returns in non-traded REIT historical past.
“I want to thank your complete group for his or her dedication and laborious work, permitting us to make SmartStop what it’s at the moment,” mentioned Mr. McClure. “I’m pleased with the manager staff we’ve constructed and all we’ve achieved, and count on SmartStop to proceed increasing and serving prospects.”
Mr. Schwartz commented, “Mr. McClure has been a superb chief and instrumental in SmartStop’s success over the past 13 years, using his practically 4 many years of actual property and finance expertise. We’re grateful for Mr. McClure’s service as CEO and stay up for persevering with the work of building SmartStop because the premier self storage firm in North America.”
About SmartStop Self Storage REIT, Inc. (SmartStop)
SmartStop is a self-managed REIT with a completely built-in operations staff of roughly 390 self storage professionals targeted on rising the SmartStop® Self Storage model. SmartStop, by its oblique subsidiary SmartStop REIT Advisors, LLC, additionally sponsors different self storage packages, together with Strategic Storage Belief IV, Inc., a public non-traded REIT, and different personal packages. SmartStop is the tenth-largest self storage firm within the U.S., with roughly $1.7 billion of actual property belongings below administration, together with an owned or managed portfolio of 150 properties in 19 states and Toronto, Canada and comprising roughly 100,000 models and 11.4 million rentable sq. ft. Extra info relating to SmartStop is on the market at www.smartstopselfstorage.com.
SmartStop Self Storage REIT, Inc.
SOURCE SmartStop Self Storage REIT, Inc.
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