LADERA RANCH, Calif., Feb. 13, 2017 /PRNewswire/ -- SmartStop Asset Management, LLC (SmartStop), a diversified real estate company, 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.
"Mr. McClure has played a key role in the success and growth of SmartStop Asset Management and our family of investment opportunities," said Mr. Schwartz. "He is an experienced professional who enjoys the full faith of myself and our board of directors, and whose talents and judgement will continue to benefit the investors we serve in his expanded role."
In addition to his appointment as president of SmartStop, Mr. McClure has also been appointed president of the company's various affiliates, including: Strategic Storage Trust II, Inc.; Strategic Storage Growth Trust, Inc.; 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 SmartStop's chief financial officer since January 2013. 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.
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.
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SOURCE SmartStop Asset Management, LLC