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SmartStop Self Storage to Sponsor Cyclist on Quest to Reach 2020 Olympics

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SmartStop Asset Management LLC, a diversified real estate company that manages 108 self-storage facilities in Canada and the United States under the SmartStop Self Storage brand, will sponsor cyclist Shane Kline in his quest to make the U.S. track-cycling team and compete at the 2020 Olympic Games in Tokyo, according to the source.

Kline had been a member of SmartStop’s road team for four years when it folded after the 2015 season. Though he’s continued to compete professionally in road races, most recently with Rally Cycling, Kline will return to his roots on the velodrome track in his bid to make the Olympic team. He began track riding at 13 and won several national championships as a junior before moving to road racing, the source reported.

SmartStop began its association with professional cycling in 2011 when it became a presenting sponsor of the Team Mountain Khakis road team. It became title sponsor in 2014. Though SmartStop stopped its cycling sponsorship after a controversial year in which team owner Premier Sport Group fell short on payroll and still owed payments to riders when the team disbanded, SmartStop CEO H. Michael Schwartz and Kline remained in communication, according to the source.

Schwartz reportedly helped several team members secure a legal settlement with Premier Sports owner Jamie Bennett despite having met all of SmartStop’s contractual obligations with the team. He recently reached out to Kline, telling him he wanted SmartStop to reconnect with the sport, Kline told the source.

SmartStop will support Kline through the 2020 season, which will allow him to pursue his Olympic dream full time. The cyclist will now compete on the track circuit in an attempt to earn enough points to qualify for the next World Cup season.

"[Competing in the Olympics] was my dream all through the juniors," Kline told the source. "I didn’t have any ambition to go race the Tour de France. I wasn't looking to be a WorldTour rider. I wanted to go to the track to race the Olympics. That's what I wanted to do. It feels so good to rekindle that dream.”

SmartStop has approximately $1.3 billion of real estate under management. Its self-storage portfolio comprises about 7.9 million rentable square feet in 17 states and Ontario, Canada. It’s also the sponsor of Strategic Storage Growth Trust Inc., Strategic Storage Trust II Inc. and Strategic Storage Trust IV Inc., all public non-traded REITs focused on self-storage assets.

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