SOURCE: SmartStop Asset Management

SmartStop Asset Management

May 31, 2016 14:23 ET

SmartStop Asset Management Promotes Brian Griewe to Vice President of Development

Industry Veteran to Oversee Expansion of Holdings and Green Building Initiatives

LADERA RANCH, CA--(Marketwired - May 31, 2016) - SmartStop Asset Management, LLC, a diversified real estate company, announced today that industry veteran Brian Griewe has been promoted to vice president of development. Griewe will be responsible for expanding the company's acquisitions and commitment to creating environmentally friendly, energy-efficient buildings.

"SmartStop has always been committed to developing our holdings in a way that benefits both our company, community and the environment," said H. Michael Schwartz, chairman and CEO of SmartStop Asset Management. "Brian brings the experience and passion we need to take this commitment to the next level."

Griewe is an award-winning management professional with more than 18 years of proven, progressive experience in facilities management, project management, construction management and personnel training, development and supervision. He began his career as a construction and remodeling superintendent for Radder General Contracting Corporation and served as a facility services manager for several divisions of Extra Space Management from 1998 until 2011. He joined SmartStop Asset Management in 2011.

"I'm very excited to have the opportunity to expand SmartStop Asset Management throughout both the U.S. and Canada," Griewe said. "I look forward to building the most technologically advanced green buildings in this industry, which will reduce our costs and shape the industry's future."

About SmartStop Asset Management, LLC

SmartStop Asset Management, LLC is a diversified real estate company with a managed portfolio that currently includes approximately 47,200 self storage units and approximately 5.2 million rentable square feet. The company is the asset manager for 74 self storage facilities located throughout the United States and Toronto, Canada. SmartStop Asset Management is the sponsor of SSGT and Strategic Storage Trust II, Inc. (SST II), a public non-traded REIT focusing on stabilized self storage properties. The facilities offer affordable and accessible storage units for residential and commercial customers. In addition, they offer secure interior and exterior storage units as well as outside storage areas for vehicles, RVs and boats. In 2015, key executives at SmartStop Asset Management negotiated the sale of SmartStop Self Storage Inc. (SmartStop), then a fully integrated, self-administered and self-managed self storage company, owning and/or operating 170 self storage properties in 21 states and Toronto, Canada, to Extra Space Storage Inc., the second-largest storage operator in the United States, in a merger transaction with SmartStop having an enterprise value of $1.4 billion.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to: uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our real estate investment strategy; uncertainties relating to financing availability and capital proceeds; uncertainties relating to the closing of property acquisitions; uncertainties relating to the public offering of our common stock; uncertainties related to the timing and availability of distributions; and other risk factors as outlined in the Company's prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities.

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