Strategic Storage Trust VI, a non-traded REIT affiliated with SmartStop, has completed an all-stock merger with Strategic Storage Growth Trust III, valuing the acquired portfolio at approximately $500 million. The combined entity holds 37 wholly-owned facilities across ten U.S. states and three Canadian provinces, totaling roughly 29,400 units and 3.2 million rentable square feet, with total assets exceeding $1 billion.
The transaction grew SST VI’s unit count by approximately 45% and added California, New Jersey, and Texas to its geographic footprint.
Source: businesswire [A Berkshire Hathaway Company]
