SmartStop Asset Management LLC, a diversified real estate company that manages 86 self-storage facilities in Canada and the United States, has hired Stefan Kulas as managing director for Greater Toronto. Kulas will assist in growing SmartStop's self-storage portfolio in the area, which currently comprises about 1 million rentable square feet, according to a press release. He’ll also be responsible for business development, new facility acquisitions, redevelopment projects and third-party property management in the local market.
Kulas was previously a research analyst and sales executive with global real estate firm Cushman & Wakefield. He was also a private-banking associate for high-net-worth clients at the Royal Bank of Canada, the release stated.
"Stefan brings excellent research and analytical skills to SmartStop, and we're looking forward to working with him as we grow the company's presence in the Toronto area," said H. Michael Schwartz, chairman and CEO of SmartStop.
"As a commercial real estate broker, I started to focus on self-storage opportunities because I saw the accelerating growth of the industry here in Canada," Kulas said. "I am extremely excited about the incredible opportunity to lead SmartStop's expansion efforts here in the GTA [Greater Toronto area]."
Kulas has a bachelor’s degree in commerce from McMaster University and is a licensed real estate agent in Ontario. He also holds a Canadian Securities course certificate.
The SmartStop portfolio includes 6.2 million rentable square feet of self-storage space in approximately 57,100 units. The company is the sponsor of Strategic Storage Growth Trust Inc., a public, non-traded real estate investment trust (REIT) focused on self-storage acquisition and development, and Strategic Storage Trust II Inc., a public non-traded REIT that focuses on stabilized self-storage properties.