New Options for Retail Investors Looking to Diversify

Strockis: “It’s really an accommodation to small retail investors who have sold their properties, want to defer their capital-gains taxes and are looking for an opportunity to invest in institutional-quality assets.”

LADERA RANCH, CA—Adding a 1031-Exchange business to its line is one of the ways SmartStop Asset Management LLC is keeping up with the demands of small retail investors seeking a greater variety of investment options, the firm’s SVP acquisitions John Strockis tells GlobeSt.com. As we recently reported, the firm has hired Strockis, a senior real estate executive with extensive experience in acquisitions, asset management, business development and brokerage leadership, to leverage SmartStop’s existing platform and relationships to expand its real estate product offerings. Strockis will head a new division actively seeking commercial properties in retail, multifamily, industrial, office and medical/healthcare for property exchanges under Section 1031 of the United States Revenue Code.

We spoke exclusively with Strockis about his new role, the firm’s new 1031-Exchange business and trends in the student-housing and senior-housing sectors in which he specializes.