Powell Goldstein Announces $1 Billion Self Storage REIT

ATLANTA, March 20 /PRNewswire/ -- Powell Goldstein LLP announces that the Form S-11 Registration Statement of its client, Strategic Storage Trust, Inc. (Strategic Storage), was declared effective by the SEC on March 17, 2008. Strategic Storage is a "blind pool" public, non-traded self storage REIT which has registered a $1 billion public offering to be sold on a "best efforts" basis over the next two years.

The registration time for this offering with the SEC, FINRA and substantially all of the states and U.S. Territories was just over four and a half months, which is two to six months shorter than the typical registration time for new sponsors in the non-traded REIT industry.

"Powell Goldstein's significant industry knowledge, professionalism, efficiency and contacts made it possible for this filing to pass through the various regulatory agencies so quickly," said H. Michael Schwartz, president of Strategic Storage. "As we move forward with the offering, we will continue to lean on the firm's guidance and extensive knowledge of this area to make our offering as successful as possible for our investors."

Powell Goldstein partners Michael Rafter and Howard Hirsch led a team of lawyers on this REIT filing. Messrs. Rafter and Hirsch have worked extensively in the non-traded REIT industry for much of the past decade representing other prominent non-traded REITs.

About Powell Goldstein LLP

Powell Goldstein LLP was established in 1909 and has 260 attorneys who provide legal counsel to clients in a wide variety of practices from offices in Atlanta, Washington, D.C., Dallas and Charlotte. For more information, visit www.pogolaw.com or call 404.572.6613.