SmartStop Names Michael McClure President of the Company and Sponsored REITs

Michael McClure was appointed to president of Strategic Storage Growth Trust and Strategic Storage Trust II, two non-traded real estate investment trusts sponsored by SmartStop Asset Management. McClure will also serve as president of SmartStop Asset Management.

H. Michael Schwartz, who previously served as president, will continue his roles as chairman and chief executive officer of the companies.

McClure was the executive vice president, chief financial officer, and treasurer of both REITs from January 2013 until January 2017. He also served as the CFO of SmartStop during that time.

SmartStop controller Michael Terjung will now serve as CFO and treasurer of Strategic Storage Growth Trust and its sponsor.

Matt Lopez, a former controller at SmartStop Asset Management, will serve as the chief financial officer and treasurer of Strategic Storage Trust II.

Strategic Storage Growth Trust focuses on the acquisition, development, redevelopment and lease-up of self storage properties. The REIT’s portfolio currently consists of 15 operating self storage facilities located in seven states comprising approximately 10,100 units and approximately 1.5 million square feet of storage space. The portfolio also includes three development properties. As of November 3, 2016, the REIT has raised approximately $71.7 million in investor equity.

Strategic Storage Trust II focuses on stabilized self storage properties and oversees a portfolio of 77 self storage properties in 14 states and Toronto, Canada, consisting of approximately 47,120 units and approximately 5.4 million square feet of storage space. As of January 3, 2017, the REIT had raised approximately $549 million in investor equity.

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