WINDSOR,
Conn., Nov. 29, 2023 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that
SmartStop Self Storage REIT, Inc. ("SmartStop"), a self-managed and
fully-integrated self-storage company, has selected SS&C
Technologies 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."
SS&C is the transfer agent to 18 of the top 20 non-traded
REITs. In addition to transfer agency, SS&C offers
comprehensive, modular real estate services to a wide range of real
estate vehicles and legal structures globally. Additional services
include fund administration and fund-level accounting, property
management and property-level accounting and investment-level
oversight, reporting and analytics.
"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."
Learn more about opportunities and challenges facing real estate
funds here.
About SmartStop Self Storage REIT, Inc.
SmartStop Self
Storage REIT, Inc. ("SmartStop") is a self-managed REIT with a
fully integrated operations team of approximately 500 self-storage
professionals focused on growing the SmartStop® Self Storage brand.
SmartStop, through its indirect subsidiary SmartStop REIT Advisors,
LLC, also sponsors other self-storage programs. As of August 10, 2023, SmartStop has an owned or
managed portfolio of 192 operating properties in 22 states and
Canada, comprising approximately
135,000 units and 15.3 million rentable square feet. SmartStop and
its affiliates own or manage 33 operating self-storage properties
in Canada, which total
approximately 28,800 units and 3.0 million rentable square
feet.
About SS&C Technologies
SS&C is a global
provider of services and software for the financial services and
healthcare industries. Founded in 1986, SS&C is headquartered
in Windsor, Connecticut, and has
offices around the world. Some 20,000 financial services and
healthcare organizations, from the world's largest companies to
small and mid-market firms, rely on SS&C for expertise, scale
and technology.
Additional information about SS&C (Nasdaq: SSNC) is
available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
SOURCE: SS&C
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