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LADERA RANCH, Calif., April 19, 2021 /PRNewswire/
SmartStop Self Storage REIT, Inc. ( SmartStop or the Company ), a self-managed and fully-integrated self storage company with approximately $1.7 billion of self storage assets under management, today announced the acquisition of a recently built six-story self storage facility in Oakville, Ontario, Canada. The property was completed in April 2020 and was approximately 35% occupied at acquisition. This is SmartStop s 17th owned or managed location in the Greater Toronto Area ( GTA ), and 153rd property in North America.
The six-story facility is located at 450 Iroquois Shore Rd in the Oakville community, one of the GTA s most affluent suburbs. This prime location provides easy access from both the 400 series and QEW highways as well as the Go Transit regional train service. This facility serves the communities of Oakville, Kerr Village, Clearview, and Falgarwood and is located a short drive from Sheridan C
SmartStop Self Storage REIT, Inc Reports 2020 Full Year Results
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SmartStop Self Storage REIT, Inc Reports 2020 Full Year Results
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.
SmartStop Self Storage REIT, Inc. ( SmartStop )
and Strategic Storage Trust IV, Inc. ( SST IV ) announced today that the companies have closed the previously announced merger, in which SST IV merged into a subsidiary of SmartStop (the Merger ), in an all-stock transaction with a value of approximately $380 million. The Merger positions the combined company to achieve further economies of scale and drive incremental growth as it takes advantage of the benefits of a larger aggregate portfolio.
As a result of the Merger, SmartStop acquired all of the real estate owned by SST IV, consisting of 24 wholly-owned self storage facilities located across nine states and six joint venture properties located in the Greater Toronto Area. The total SST IV portfolio, including joint venture property estimates at completion of development, represents approximately 22,500 self storage units and 2.6 million net rentable square feet. The resulting consolidated portfolio consists of 136 wholly-o
SmartStop Self Storage REIT, Inc Announces a New $500 Million Multi-Currency Credit Facility
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