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Which Asset Class is Outperforming Almost All Others?

LADERA RANCH, CA—This property sector has become a better-known asset class that has recently attracted more capital, consequently driving up prices and causing cap rates to compress, SmartStop’s Michael McClure tells GlobeSt.com.

Michael McClure McClure: “While self-storage remains our bread and butter, SmartStop will also acquire more student housing and will seek to enter the senior-housing sector.”

LADERA RANCH, CA—The self-storage sector has become a better-known asset class that has recently attracted more capital, consequently driving up prices and causing cap rates to compress, SmartStop Asset Management LLC’s Michael McClure tells GlobeSt.com. McClure was recently appointed by the firm’s board to serve as the company’s president, in addition to president of its various affiliates including Strategic Storage Trust II Inc., Strategic Storage Growth Trust Inc., Strategic Storage Trust IV Inc. and Strategic Student Senior and Storage Trust Inc. He replaces H. Michael Schwartz, who continues in his capacity as chief executive officer.

We spoke with McClure about his new role with the firm and trends in the self-storage sector.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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