Le Lézard
Classified in: Business
Subject: RCN

SmartStop Asset Management Changes Name to Strategic Asset Management


Company to relocate headquarters to Irvine, Calif.

IRVINE, Calif., May 11, 2022 /PRNewswire/ -- SmartStop Asset Management, LLC, a privately held alternative asset management and real estate investment firm, announced today that it has changed its name to Strategic Asset Management I, LLC ("SAM"), effective immediately.

"The new name reflects our continued commitment to our student and senior housing portfolio, while also expanding our platform to include conventional multifamily and industrial properties," said John Strockis, SAM's president. "Our investors want tax-advataged real estate investments, and we're excited to expand our portfolio while offering both cash flow and capital appreciation."

SAM will relocate its corporate headquarters to Irvine, California during the second half of 2022 to better accommodate its staff, which includes asset management and acquisitions professionals, as well as its in-house transfer agent, Strategic Transfer Agent Services.

SAM is the sponsor of Strategic Student & Senior Housing Trust, Inc., a publicly registered, non-traded real estate investment trust, that currently owns and manages a portfolio valued in excess of $225 million. The company has sponsored multiple other investment vehicles and recently completed a successful portfolio sale of four student housing properties to an institutional investor for a purchase price in excess of $275 million that generated solid, risk-adjusted returns.

About Strategic Asset Management

Strategic Asset Management I, LLC ("SAM") is a diversified real estate company focused on commercial real estate, with an emphasis in student, senior and conventional multifamily housing. Since 2004, SAM and its affiliates have completed approximately $6 billion in real estate transactions. For additional information, please visit www.sam.com or contact Strategic Asset Management's president, John Strockis, at [email protected]

Contact:
Damon Elder
Spotlight Marketing Communications
(949) 427-1377
[email protected] 

 

SOURCE Strategic Asset Management I, LLC


These press releases may also interest you

at 06:17
NEI Global Relocation's latest whitepaper, "2024 Relocation Trends | Manufacturing," provides a compelling look into how innovative relocation strategies are crucial for the manufacturing sector's talent acquisition and retention efforts. This comes...

at 06:13
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") , one of the largest and most innovative solar module manufacturers in the world, today announced that since March 20, 2024, the Company has repurchased 788,178 American depositary shares...

at 06:08
ConTemporary Locums, a physician-focused medical staffing company, is ushering in a new era with a bold rebrand: Era Locums. This brand evolution marks a commitment to continued innovation and a deeper connection with the company's physician and...

at 06:00
G-P (Globalization Partners), the recognized leader in the global employment market, and standard bearer for industry compliance, today announced it was awarded 50 leader badges in G2's 2024 Spring Report, including Employer of Record Leader, Global...

at 05:45
The Gross Law Firm issues the following notice to shareholders of New York Community Bancorp, Inc. . Shareholders who purchased...

at 05:30
Cato Networks, the SASE leader, announced a new SASE throughput record here at the Porsche Studio Ginza ahead of the 2024 Tokyo E-Prix, achieving 10 Gbps without hardware upgrades. At 10 Gbps, Cato became the first SASE platform to compete not only...



News published on and distributed by: