Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust targeting the self-storage industry, has completed the transition to a new transfer agent. DST Systems Inc. will now handle the processing of new accounts, ongoing recordkeeping, transfers, tax reporting, account statements, distribution processing and other reporting for all of the company’s real estate investment programs.
The Strategic Storage Trust portfolio includes 26 self-storage properties in 14 states, comprising approximately 19,200 units and 2.3 million rentable square feet of space. The company’s sponsor is Strategic Capital Holdings, which manages a growing portfolio of more than 5.8 million square feet of commercial properties.
Based in Kansas City, Mo., DST is an information-processing and computer-software company serving the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary.