South Coast Investment Advisors will be joined by City National Rochdale (Barron’s Top 40) to discuss our 2019 global economic outlook and highlight key risks and opportunities we see that may affect investors.

The fourth quarter proved to be one of the most challenging for stocks since 2008. The Santa Claus rally never materialized in December as stocks suffered one of their worst months in years. Despite gains over the final few trading days of 2018, stocks dropped and posted large declines in December, which pushed equities into negative territory for the year. The S&P 500 hit its lowest point of 2018 in a shortened trading day on Christmas Eve as the VIX Index spiked to its highest level since February.

As we move into 2019, economic data largely continues to reflect ongoing growth in the U.S. economy. However, broader macro concerns continue to exist and dominate market action including the pace of rate hikes by the Fed, ongoing trade issues with China, and a government shutdown. This webinar will address these concerns as well as plot the course for how South Coast will be positioning our clients in the year ahead.

*Please contact the South Coast Office for instructions to access this webinar.

Strategic Storage Growth Trust, Inc. announced in October the entry into a definitive merger agreement with Strategic Storage Trust II, Inc., pursuant to which SSGT will merge with and into a wholly-owned merger subsidiary of SST II. Under the merger agreement, SSGT stockholders will receive $12.00 per share in cash, which represents a total purchase price of approximately $340 million, including current outstanding debt to be assumed or repaid.  The merger agreement was negotiated on behalf of SSGT by an independent special committee of SSGT’s board of directors, which was formed to conduct a review of potential strategic alternatives.

“This merger will provide our stockholders full cycle liquidity in an all-cash transaction at $12.00 per share, a price above the most recently announced net asset value,” said H. Michael Schwartz, CEO, president and chairman of the board of directors of SSGT. “We are proud of the high quality portfolio of properties we have built and the value it will bring to our stockholders upon the closing of the merger,” noted Mr. Schwartz.

South Coast will  be hosting an update with SmartStop Asset Management, the manager of Strategic Storage Growth Trust, on the close of this transaction as well as a discussion on the self-storage space as it pertains to future opportunities.