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Strategic Storage Trust Forms Business Relationship With Top Recordkeeping/Account Management Services Company
| Quelle: Strategic Storage Trust, Inc. (SSTI)
LADERA RANCH, CA and KANSAS CITY, MO--(Marketwire - February 22, 2010) - Strategic Storage Trust,
Inc. (SSTI), a publicly registered ($1 billion of common stock
registered) non-traded REIT targeting the self storage industry, has
completed the transition to a new transfer agent.
DST Systems, Inc. will handle the
processing of new accounts, ongoing recordkeeping, transfers, tax
reporting, account statement and distribution processing and other
reporting for all of its real estate investment programs. Based in Kansas
City, Mo., DST Systems is an information processing and computer software
company servicing the financial services industry.
"When we began our transfer agent search, DST clearly stood out at as the
industry leader," said H. Michael Schwartz, SSTI's
chairman and CEO. "The company's advancements in technology and stringent
attention to security issues were also key components to our decision.
Representatives can now access SSTI client information through DST
Vision®, a web-based system that provides intermediaries with real time
access to client information on a consolidated program across product
platforms, including other non-traded REITs and mutual funds."
"SSTI has experienced significant growth since the business launched two
years ago, and its recordkeeping needs have evolved. We're proud to be able
to offer a full suite of solutions -- including access to DST Vision to
support SSTI's distribution needs and AWD, our business process management
offering, to streamline its business processes," said Tom Schmidt, vice
president, DST Systems. "We look forward to helping SSTI achieve further
business expansion."
SSTI is continuing its focus as one of the leading purchasers of self
storage properties across the United States in conjunction with a
nationwide branding initiative which began in the fourth quarter of
2010. The non-traded REIT's current portfolio has expanded to include 26
properties in 14 states.
About Strategic Storage Trust, Inc.
SSTI is a publicly registered ($1 billion of common stock registered)
non-traded REIT with a portfolio that currently includes approximately
19,200 self storage units and 2.3 million rentable square feet of storage
space. SSTI's sponsor is Strategic Capital Holdings, which manages a
growing portfolio of over 5.8 million square feet of commercial properties,
including 4.2 million square feet of self storage facilities, with a
combined market value of over $628 million. For more information about
SSTI, please call 949-429-6600 or visit www.strategicstoragetrust.com.
About DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing and
computer software products and services to support 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. DST's world-class data centers provide technology
infrastructure support for mutual fund companies, healthcare providers,
banks, mortgage bankers and insurance companies around the globe. DST is
headquartered in Kansas City, Mo., and is a publicly traded company on the
New York Stock Exchange. Additional information is available at
www.dstsystems.com
This press release may contain certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements can generally be identified by our use of
forward-looking terminology such as "may," "will," "expect," "intend,"
"anticipate," "estimate," "believe," "continue," or other similar words.
Because such statements include risks, uncertainties and contingencies,
actual results may differ materially from the expectations, intentions,
beliefs, plans or predictions of the future expressed or implied by such
forward-looking statements. These risks, uncertainties and contingencies
include, but are not limited to: uncertainties relating to changes in
general economic and real estate conditions; uncertainties relating to the
implementation of our real estate investment strategy; uncertainties
relating to financing availability and capital proceeds; uncertainties
relating to the closing of property acquisitions; uncertainties relating to
the public offering of our common stock; uncertainties related to the
timing and availability of distributions; and other risk factors as
outlined in the Company's prospectus, as amended from time to time. This is
neither an offer nor a solicitation to purchase securities.