.
MergerLinks Header Logo

Announced

Completed

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

Financials

Edit Data
Transaction Value£208m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

real estate investment trust

Single Bidder

Merger

Friendly

Other Specialty REITs

Domestic

Majority

United States

Private

storage facilities

Completed

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US