Strategic Storage Trust II, Inc. Announces Board Changes
April 06, 2017 at 07:39 pm IST
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On March 31, 2017, William H. Brownfield, an independent director, member of the nominating and corporate governance committee and the audit committee, and member and chairman of the compensation committee of the board of directors of Strategic Storage Trust II, Inc., resigned from such positions. Mr. Brownfield's decision to resign from the Board and committees was not the result of any disagreement with the company on any matter relating to the operations, policies or practices of the Company or its management. On April 4, 2017, in accordance with the Company's bylaws and charter, the board decreased the size of the board from six directors to five directors. Also on April 4, 2017, the board appointed Timothy S. Morris, one of the company's independent directors and a member of the compensation committee of the board, as chairman of the compensation committee, to fill the vacancy left by Mr. Brownfield's resignation from that position.
SmartStop Self Storage REIT, Inc. (SmartStop) is a self-managed real estate investment trust (REIT) with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage program. SmartStop owns or manages portfolio of approximately 196 operating properties in 22 states and Canada, comprising approximately 138,100 units and 15.6 million rentable square feet. SmartStop and its affiliates own or manage approximately 34 operating self-storage properties in Canada, which total approximately 29,700 units and 3.0 million rentable square feet. Its segments include self-storage operations and Managed REIT Platform business. It focuses on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.