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Strategic Storage Trust IV Appoints New Independent Director

Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management, announced that Stephen Muzzy has resigned from the company’s board of directors. Muzzy served as an independent director, member and chairman of the audit committee, and member of the nominating and corporate governance committee of the board. His decision did not involve any disagreement with the company or the board, according to a filing with the Securities and Exchange Commission.

The board appointed Alexander Vellandi to serve in the roles vacated by Muzzy. Vellandi, who has nearly 20 years of commercial real estate and finance experience, currently serves as general counsel of commercial real estate marketplace lender Money360 Inc., where he is responsible for all legal aspects of its corporate and business operations.

Vellandi was formerly in-house legal counsel to Sabal Financial Group LP, associate general counsel of Triple Net Properties LLC, and an attorney with two California-based law firms. Since 2002, he owned a residential real estate brokerage firm, Orange County Property Company.

Vellandi holds a bachelor’s degree from the University of California at Irvine and his juris doctor from UCLA School of Law. Prior to entering law school, he served as an appointee of former California Governor Pete Wilson, and is a member of the State Bar of California, a licensed real estate broker, and serves in a leadership capacity for various charities and professional organizations.

Strategic Storage Trust IV, which focuses on the acquisition of self storage properties, was declared effective in March 2017 and has raised nearly $1.5 million in investor equity, as of June 21, 2017. The company purchased its first property in April.

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