SmartStop Self Storage Hires Director of Acquisitions
SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust, has hired Kevin Friedman as director of acquisitions.
SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust, has hired Kevin Friedman as director of acquisitions.
In his role, Friedman will be responsible for the underwriting of self-storage acquisitions for SmartStop and affiliated companies, as well as developing relationships across the industry.
Friedman has more than six years of experience most recently with Metro Storage LLC. At Metro Storage, he served as director of acquisitions and was responsible for procuring facility and land acquisitions across all U.S. markets.
During his tenure at Metro Storage, he also served as financial analyst and senior financial analyst, where he was directly involved in more than $700 million of acquisition and development deals, the company said.
Friedman is a graduate of the University of Denver and a certified commercial investment member (CCIM).
In other SmartStop news, the company recently hired David Corak as vice president of corporate finance, as reported by The DI Wire.
SmartStop Self Storage REIT recently announced plans to merge with an affiliated REIT, Strategic Storage Trust IV Inc., in an all-stock transaction valued at $370 million. Shareholders will vote on the proposal on March 10, 2021.
SmartStop Self Storage REIT Inc., formerly known as Strategic Storage Trust II Inc., is a self-managed REIT that sponsors self-storage programs, including Strategic Storage Trust IV and other private programs. SmartStop has approximately $1.7 billion of real estate assets under management. SmartStop launched its initial public offering in January 2014 and raised $566 million in investor equity prior to closing in January 2017.
