SmartStop Selects SS&C for transfer agency

SmartStop Self Storage REIT, Inc. has selected SS&C Technologies, the transfer agent to 18 of the top 20 non-traded REITs, to provide transfer agency services for all of its sponsored REITs. SS&C will handle account owner recordkeeping, transactional activity, new investor onboarding and distribution.

"SmartStop is the largest public non-traded self-storage REIT in the U.S. with over $2.9 Billion in assets. As our business continues to grow, we are always looking for ways to improve our economies of scale with excellent technology," said James R. Barry, Chief Financial Officer of SmartStop. "As a leader in transfer agency technology and services, SS&C brings an efficient and scalable operating model to our business. We look forward to working with SS&C's experts to meet the needs of our Managed REITs and their investors."

"We are pleased to support SmartStop and their sponsored REITs as they grow," said Neal Chansky, Head of Registered Fund Services. "The real estate industry has a unique diversity of fund structures, fees, processes and regulatory requirements, and REITs in particular have been popular with retail investors. SS&C has extensive experience helping firms attract retail capital and navigate the complex system of intermediaries such as wirehouses, RIAs and broker-dealers. We are committed to supporting our clients with end-to-end solutions and industry guidance and expertise so they can spend less time on operational headaches and focus on generating returns."