LADERA RANCH, Calif., Feb. 13, 2017 /PRNewswire/ -- Strategic Storage Trust II, Inc. (SST II), a public non-traded REIT that focuses on income-producing self storage facilities, and is sponsored by SmartStop Asset Management, LLC (SmartStop), recently announced that its board of directors has appointed Michael S. McClure to serve as the company's president. He replaces H. Michael Schwartz, who continues in his capacity as chief executive officer and chairman of the board. The company appointed Matt F. Lopez to replace Mr. McClure as chief financial officer and treasurer.
"Mr. McClure and Mr. Lopez have both played key roles in the success and growth of SmartStop Asset Management and our family of investment opportunities, including Strategic Storage Trust II," said Mr. Schwartz. "They are experienced professionals who enjoy the full faith of myself and our board of directors, and whose talents and judgement will continue to benefit the investors we serve in their expanded roles."
In addition to his appointment as president of SST II, Mr. McClure has also been appointed president of the company's sponsor, SmartStop, a diversified real estate company, and SmartStop's various affiliates, including: Strategic Storage Growth Trust, Inc. (SSGT); Strategic Storage Trust IV, Inc.; and Strategic Student Senior and Storage Trust, Inc. Prior to his appointment as president, Mr. McClure, who has more than three decades of experience in real estate and finance, had served as SST II's executive vice president, chief financial officer and treasurer since January 2013. From January 2013 until January 2017, he also served as chief financial officer for SmartStop. From 2008 until October 2015, Mr. McClure was chief financial officer and treasurer of SmartStop Self Storage, Inc., until its merger with Extra Space Storage, Inc.
Prior to his appointment as chief financial officer and treasurer, Mr. Lopez served as a controller for SmartStop assigned to SST II. He originally joined as controller of an affiliated entity in late 2014. Mr. Lopez has approximately 16 years of experience in finance and accounting. A certified public accountant, he earned a bachelor's degree from the University of California, Los Angeles and he is a member of the American Institute of CPAs.
About Strategic Storage Trust II, Inc. (SST II)
SST II is a public non-traded REIT that focuses on the acquisition of stabilized, income producing self storage properties. The SST II portfolio currently consists of 83 operating self storage facilities located in 14 states and Toronto, Canada, comprising approximately 51,500 self storage units and approximately 5,920,000 net rentable square feet of storage space.
About SmartStop Asset Management, LLC (SmartStop)
SmartStop is a diversified real estate company focused on self storage assets, along with student and senior housing. The company has a managed portfolio that currently includes more than 65,000 self storage units and approximately 7.5 million rentable square feet and approximately $1 billion of real estate assets under management. The company is the asset manager for 103 self storage facilities located throughout the United States and Toronto, Canada and one student housing facility. SmartStop is the sponsor of both Strategic Storage Trust II, Inc. and Strategic Storage Growth Trust, Inc., both public non-traded REITs focusing on self storage assets. The facilities offer affordable and accessible storage units for residential and commercial customers. In addition, they offer secure interior and exterior storage units as well as outside storage areas for vehicles, RVs and boats. Additional information is available at www.smartstopassetmanagement.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties relating to the public offering of our common stock; uncertainties related to the timing and availability of distributions; and other risk factors as outlined in SST II's prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/michael-s-mcclure-named-president-of-strategic-storage-trust-ii-inc-300406502.html
SOURCE Strategic Storage Trust II, Inc.