SmartStop Asset Management LLC, a sponsor of non-traded real estate investment trusts and 1031 exchange programs, has promoted James Barry to senior vice president of finance. Barry will also serve in the same capacity for Strategic Storage Trust II, a publicly registered non-traded REIT sponsored by SmartStop that invests in self storage facilities.
“I am pleased to announce the promotion of James, who is a seasoned professional and a valuable member of our management team,” said H. Michael Schwartz, founder, chairman and CEO of SmartStop. “We are excited to have him in this new role with SmartStop, which has grown its portfolio of real estate assets under management to $1.5 billion, including 118 self storage facilities located throughout the United States and Toronto, Canada, as well as five student housing communities and three senior housing communities.”
In his new role, Barry is responsible for the management of budgets, forecasts and financial analyses for SmartStop. Prior to his promotion, he served in various financial capacities for SmartStop, including vice president of financial planning and analysis, director of finance, and as a financial analyst. Previously, he served in analyst and accounting functions with Thompson National Properties and Grubb & Ellis Company.
Barry earned a bachelor’s degree in finance from California State University, Fullerton and a Master of Business Administration with an emphasis in finance from Chapman University.
Strategic Storage Trust II invests in stabilized self storage properties and oversees a portfolio of 83 properties located in 14 states and Ontario, Canada. The offering was declared effective by the SEC in January 2014 and closed three years later after raising $570 million in investor equity.
SmartStop sponsors four public 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.