Related-party conflict disclosed — Strategic Storage Advisor II, LLC serving simultaneously as Advisor, Original Limited Partner, and Special Limited Partner
HighThe Advisor (Strategic Storage Advisor II, LLC) simultaneously holds the role of Advisor, Original Limited Partner, and Special Limited Partner in the operating partnership — all three roles held by the same entity, signed by the same individual (H. Michael Schwartz). This creates a conflict of interest as the Advisor/Special LP has a direct economic interest in distributions (15% promote above 6% hurdle) that it manages through its advisory role.
“ORIGINAL LIMITED PARTNER: STRATEGIC STORAGE ADVISOR II, LLC By: H. Michael Schwartz, President SPECIAL LIMITED PARTNER: STRATEGIC STORAGE ADVISOR II, LLC By: H. Michael Schwartz, President”