SmartStop Asset Management LLC, a sponsor of non-traded REITs and other direct investment offerings, has promoted Ken Morrison to chief operations officer of self storage. Morrison, who joined SmartStop in 2011, previously served as senior vice president of operations.
“Ken is a consummate professional with two decades of experience in managing, operating and maximizing revenue for self storage portfolios,” said H. Michael Schwartz, founder, chairman and CEO of SmartStop Asset Management. “He is an exceptional leader and a key member of our executive management who will continue to play a key role in our ongoing growth.”
Prior to joining SmartStop, Morrison spent 14 years with Public Storage, ultimately serving as senior vice president of its northeast operations, and was responsible for more than 300 facilities in 11 states that generated in excess of $335 million in annual revenue. He attended West Valley College in Saratoga, California, as well as the Center for Creative Leadership in San Diego.
SmartStop Asset Management’s self storage portfolio includes 108 facilities located throughout the United States and Toronto. The company sponsors three publicly registered non-traded real estate investments trusts that invest in self storage, including Strategic Storage Growth Trust Inc., Strategic Storage Trust II Inc. and Strategic Storage Trust IV Inc. In addition to self storage assets, SmartStop also invests in student and senior housing properties. The company’s real estate portfolio also includes three student housing facilities.