SmartStop Asset Management has announced that it has changed its name to Strategic Asset Management (“SAM”), effective immediately. “The name reflects our continued commitment to our student and senior housing portfolio, while also expanding our platform to include conventional multifamily and industrial properties,” said John Strockis, SAM’s president.
SAM will relocate its corporate headquarters to Irvine, CA in the second half of 2022 to better accommodate its staff as well as its in-house transfer agent, Strategic Transfer Agent Services. SAM is the sponsor of Strategic Student & Senior Housing Trust, Inc., a REIT that owns and manages a portfolio valued in excess of $225 million.
Strockis commented in a news release, “Our investors want tax-advantaged real estate investments, and we’re excited to expand our portfolio while offering both cash flow and capital appreciation.”