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SmartStop Asset Management’s YOUnion-Branded Student Housing Portfolio Reaches 98.4 Percent Occupancy

Ladera Ranch, Calif. — SmartStop Asset Management’s YOUnion-branded portfolio of student housing communities has reached an occupancy rate of 98.4 percent for the 2020-2021 academic year. This portfolio consists of five student housing communities offering approximately 2,800 beds near the University of Nevada, Reno; the University of Michigan; Florida State University; the University of Arkansas; and the University of South Carolina. “The exceptional occupancy rate of our student housing portfolio is a testament to the environment that we’ve created at our YOUnion properties,” says John Strockis, chief investment officer of the Ladera Ranch-based company. “Given the uncertainties of the COVID-19 pandemic and hybrid instruction models offered by our universities, we believe students prefer living in well-managed, purpose-built and pedestrian-to-campus apartment communities that best support their well-being and academic goals.”