H. Michael Schwartz is the CEO of SmartStop Asset Management, LLC, a diversified real estate company focused on self storage assets, along with student and senior housing. The company has approximately $1.5 billion of real estate assets under management, including 114 self storage facilities located throughout the United States and Toronto, Canada, comprised of approximately 72,000 units and 8.3 million rentable square feet. SmartStop Asset Management’s real estate portfolio also includes five student housing communities with approximately 2,800 beds and 1.1 million square feet of space, as well as three senior housing communities with approximately 350 beds and 250,000 rentable square feet of space. SmartStop Asset Management is the sponsor of three public non-traded REITs focused on self storage: Strategic Storage Trust II, Inc. (SST-II); Strategic Storage Growth Trust, Inc. (SSGT); and Strategic Storage Trust IV, Inc. (SST-IV); as well as one private non-traded REIT: Strategic Student & Senior Housing Trust, Inc., which is focused on student and senior housing properties.
In 2007, Mr. Schwartz founded SmartStop® Self Storage, Inc. (SmartStop), a fully integrated, self-administered and self-managed self storage company, owning and/or operating 169 self storage properties in 21 states and Toronto, Canada. In 2015, Mr. Schwartz negotiated the $1.4 billion sale of SmartStop to Extra Space Storage, Inc., the second-largest storage operator in the United States.
In 2016, Mr. Schwartz developed a $33 million mixed-use facility in Ladera Ranch that includes self storage, corporate office space and a 63,000-square foot, state-of-the-art sports center. The Ladera Sports Center has eight basketball/volleyball courts, a concession area with seating for 130 patrons, 28 LCD monitors and live streaming capabilities from each court.
Mr. Schwartz has more than 28 years of experience in real estate, securities and corporate financial management. During the last 16 years, he has transacted more than $4 billion in office, industrial, retail and self storage properties. He is a renowned expert on commercial real estate, REITs and 1031 structures; is frequently invited to speak at national conferences; and has been interviewed by major news media.
Mr. Schwartz holds a bachelor’s degree in business administration, with an emphasis in finance, from the University of Southern California. In 2010, he was named one of “The Top Ten People to Watch” by National Real Estate Investor.