SmartStop Self Storage REIT, Inc. Announces Executive Changes, Effective as of April 15, 2021
February 26, 2021 at 05:05 pm EST
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On February 26, 2021, SmartStop Self Storage REIT, Inc. (the Company") announced the retirement of Michael S. McClure, its Chief Executive Officer, effective as of April 15, 2021. The company also announced that H. Michael Schwartz, who is the Company's founder and currently the Company's Executive Chairman, will return to the position of Chief Executive Officer of the Company effective as of the Transition Date. Mr. Schwartz previously served as the Company's Chief Executive Officer from January 2013 to June 2019.
SmartStop Self Storage REIT, Inc. (SmartStop) is a self-managed real estate investment trust (REIT) with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage program. SmartStop owns or manages portfolio of approximately 196 operating properties in 22 states and Canada, comprising approximately 138,100 units and 15.6 million rentable square feet. SmartStop and its affiliates own or manage approximately 34 operating self-storage properties in Canada, which total approximately 29,700 units and 3.0 million rentable square feet. Its segments include self-storage operations and Managed REIT Platform business. It focuses on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.