Powell Goldstein partner Michael K. Rafter and counsel Howard S. Hirsch are taking their knowledge of state REIT regulations on a nationwide road show.

The two attorneys are lead counsel to Strategic Storage Trust Inc. on its $1 billion public offering. Strategic Storage, of Ladera Ranch, Calif., is a blind pool, public, non-traded real estate investment trust (REIT).

Although Strategic Storage will be required to issue regulatory filings with the Securities and Exchange Commission, its shares won't be traded on an exchange, Rafter said. As a blind pool, Strategic Storage currently owns no assets, but plans to use proceeds from its public offering to acquire self-storage properties in the U.S.

To read the article in its entirety, please click here.