SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust, has hired David Corak as vice president of corporate finance. In his new role, Corak will be focused on building out the investor relations function within SmartStop, as well as guiding corporate finance initiatives across the organization.
“David joins us with a depth of sell-side and public company experience, which will help SmartStop refine its existing investor relations and corporate finance infrastructure,” said Michael McClure, chief executive officer of SmartStop.
Corak was most recently the senior vice president of corporate finance at Jernigan Capital (NYSE: JCAP), a publicly traded self-storage REIT that was acquired by NexPoint Advisors L.P. in November 2020.
He also has six years of sell-side research experience at Stifel Financial Corp. and FBR Capital Markets/B Riley Securities covering the self-storage sector, as well as three years of corporate and investment banking experience at PNC Financial Services. Corak is a graduate of Georgetown University and a chartered financial analyst.
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.