SmartStop Asset Management Reports Significant Increase in Investor Equity Raise to Begin 2019
LADERA RANCH, Calif. (March 14, 2019) – SmartStop Asset Management, LLC (SmartStop) announced today that real estate investment programs sponsored by the firm have raised an aggregate total of approximately $77.5 million during the first two months of 2019. Year-over-year, SmartStop-sponsored investment programs raised 282 percent more during January and February 2019 than during the same two-month period in 2018.
SmartStop is a leading sponsor of public and private commercial real estate investment programs focused on student housing, senior housing and self storage assets.
“Demand for alternative investments that are non-correlated to traded equities continues to grow as wealth advisors and individual investors increasingly recognize the inherent benefits of portfolio diversification,” said H. Michael Schwartz, chief executive officer. “We are committed to providing our advisor partners and their clients with investment programs that can provide income and potential appreciation while avoiding the volatility inherent in traded securities. Additionally, our focus on defensive and recession-resistant real estate asset classes provides advisors and investors with additional hedging and diversification options that many find appealing.”
Based on data provided by third-parties that track sales information in the industry, SmartStop has been among the fastest-growing sponsors of non-traded alternative investments in recent years, having raised in excess of $1.75 billion of investor equity since 2008.
Strategic Asset Management I, LLC
10 Terrace Rd.
Ladera Ranch, CA 92694
T: (949) 429.6600
F: (949) 429.6606