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.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.