SmartStop Asset Management LLC, a sponsor of non-traded real estate investment trusts and 1031 exchange programs, has promoted Gerald Valle to senior vice president of self storage operations.
Valle, who joined SmartStop in 2017 as vice president of operations, will oversee the day-to-day operations of all SmartStop branded self storage facilities throughout the United States, which employ more than 240 professionals.
“Gerald is one of the best and brightest in the industry, with more than 30 years of experience managing, operating and maximizing revenue of self storage portfolios for some of the biggest and most successful brands in the space,” said H. Michael Schwartz, founder, chairman and CEO of SmartStop Asset Management.
Prior to joining SmartStop, Valle spent nearly 15 years with Public Storage, ultimately serving as regional vice president of operations, and 10 years with Extra Space Storage, where he served as a divisional vice president of operations and vice president of sales. For five years immediately preceding his tenure with SmartStop, Valle was vice president of operations with The William Warren Group, the privately held owner and operator of StorQuest Self Storage.
SmartStop is a real estate company focused on self storage, student housing and senior housing assets. The company has approximately $1.5 billion of real estate assets under management, including 116 self storage facilities located throughout the United States and Toronto, Canada, five student housing communities, and three senior housing communities.
SmartStop sponsors four non-traded REITs: Strategic Storage Trust IV Inc., Strategic Storage Trust II Inc., and Strategic Storage Growth Trust Inc., all focused on self storage assets, and Strategic Student & Senior Housing Trust Inc., focused on student and senior housing assets. SmartStop is also a national sponsor of Section 1031 exchange offerings using the Delaware statutory trust structure.