SmartStop Self Storage REIT completed the acquisition of Strategic Storage Growth Trust II for $280m.

SmartStop Self Storage REIT, a self-managed and fully-integrated self storage company, completed the acquisition of Strategic Storage Growth Trust II, a private REIT sponsored by an indirect subsidiary of SmartStop, for $280m. "We are excited to announce this transaction and look forward to combining the high-quality assets in the SSGT II portfolio with SmartStop's existing portfolio. With this merger, the combined company will be better positioned to recognize expense efficiencies and aggregate size and scale for the future. Since all of the SSGT II portfolio is already branded as SmartStop® Self Storage, there will be total continuity of operations throughout the process," H. Michael Schwartz, SmartStop Chairman and CEO.