SmartStop Asset Management, LLC Email Format
Real EstateCalifornia, United States51-200 Employees
SmartStop Asset Management, LLC (SAM) is a mid-sized real estate company based in Mission Viejo, California, that concentrates on student housing and senior housing. Its managed portfolio totals roughly $2.0 billion in assets, with a history of real estate transactions dating back to 2007 that totals around $6.0 billion. The portfolio comprises five student housing communities totaling about 2,800 beds and 1.1 million square feet, along with four senior housing communities containing roughly 680 beds and 519,000 rentable square feet. SAM is the sponsor of Strategic Student & Senior Housing Trust, Inc., a public non-traded REIT focused on student and senior housing assets, and it is a national sponsor of Section 1031 exchange offerings using Delaware statutory trust structures. SAM's corporate development includes a series of transactions in 2019 with SmartStop Self Storage REIT, Inc., after which SAM and its subsidiaries own limited partnership units in the operating partnership of SmartStop REIT. SmartStop REIT operates a self-administered self-storage REIT, through its wholly owned subsidiary, SmartStop REIT Advisors, LLC, and sponsors other storage ventures, including Strategic Storage Trust IV, Inc.