Strategic Storage Growth Trust III Inc. managed by SmartStop Self Storage REIT, Inc. acquired Two Self Storage Facilities in The Villages, Florida MSA.
August 08, 2022
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Strategic Storage Growth Trust III Inc. managed by SmartStop Self Storage REIT, Inc. (OTCPK:STSFF) acquired Two Self Storage Facilities in The Villages, Florida MSA. on August 9, 2022.
Strategic Storage Growth Trust III Inc. managed by SmartStop Self Storage REIT, Inc. (OTCPK:STSFF) completed the acquisition of Two Self Storage Facilities in The Villages, Florida MSA. on August 9, 2022. In connection acquisition, Strategic Storage Growth Trust III entered into a mezzanine loan agreement for up to $50 million (the "SSGT III Mezzanine Loan"), of which $42 million was funded as an initial draw at the time of closing.
SmartStop Self Storage REIT, Inc. (SmartStop) is a self-managed real estate investment trust (REIT) with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage program. SmartStop owns or manages portfolio of approximately 196 operating properties in 22 states and Canada, comprising approximately 138,100 units and 15.6 million rentable square feet. SmartStop and its affiliates own or manage approximately 34 operating self-storage properties in Canada, which total approximately 29,700 units and 3.0 million rentable square feet. Its segments include self-storage operations and Managed REIT Platform business. It focuses on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.
Strategic Storage Growth Trust III Inc. managed by SmartStop Self Storage REIT, Inc. acquired Two Self Storage Facilities in The Villages, Florida MSA.
SMARTSTOP SELF STORAGE REIT, INC. 
