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LADERA RANCH, Calif., March 15, 2021 /PRNewswire/ Strategic Storage Trust VI, Inc. ( SST VI ), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ( SmartStop ), announced today its acquisition of an approximately 810-unit self storage facility in Phoenix, Arizona. The property was completed in May 2020 and was approximately 44% occupied at acquisition. This is the first acquisition in the newly formed SST VI and the fifth property owned or managed by Smartstop in the Phoenix market. The Baseline facility is located 4 miles from an existing SmartStop store located on Baseline Rd that has performed very well for us. The site plan is user friendly and provides a wide variety of units to offer, said Wayne Johnson, chief investment officer of SST VI. This high quality property is a great way to start our portfolio.
Strategic Storage Trust VI, Inc Acquires 810-Unit Storage Facility in Phoenix, AZ prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
WHIZ News
New Mexico college teams finally returning home
PHOENIX (AP) New Mexico State relocated to Arizona in an attempt to play a basketball season. Restrictions in the Aggies’ home state made it impossible for them to even practice there, so they packed up and moved into a Phoenix resort.
The pandemic had other plans.
Hamstrung by COVID-19 issues inside and out of the program, New Mexico State has played three games so far this season only one since Dec. 1. It’s not exactly the payoff the Aggies had hoped for when they opted to leave their family and friends behind in an attempt to play basketball.
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