Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management, has disclosed two recent personnel changes.
On June 11th, Ken Morrison informed the REIT of his intention to resign as chief operations officer. The company noted that his resignation was due to personal reasons unrelated to the company, and during the transitional period, his roles and responsibilities will be shared by SmartStop’s executive team, as well as various members of the company’s property management team.
Additionally, effective June 12th, James Berg has been elected to serve as secretary of the REIT. He replaces Paula Mathews, who continues to serves as an executive vice president of SmartStop and as a member of the board of directors of Strategic Storage Trust II, Inc., which is also sponsored by SmartStop.
Berg, who has more than 25 years of experience in general business, corporate, securities, venture capital and intellectual property law, serves as general counsel of SmartStop Asset Management and its affiliate Strategic Storage Holdings. Prior to joining SmartStop in 2011, Berg was general counsel of U.S. Advisor LLC, as well as a partner at several laws firms in Palo Alto and Oakland, California.
He received a juris doctor degree from the University of Michigan Law School and a bachelor’s degree in business administration from the University of Michigan Business School in 1975. He is a member of the State Bar of California, Business Law Section.
Strategic Storage Trust IV primarily invests in self storage properties located in the United States and Canada and owns five properties. The company’s offering was declared effective by the SEC in March 2017 and has raised $52 million in investor equity as of the first quarter of 2018, according to Summit Investment Research.