Announced
Completed
Financials
Tags
Completed
Acquisition
Real Estate Holding and Development
Real Estate
Private
Friendly
Cross Border
Single Bidder
Majority
facility
Canada
self storage
Synopsis
SmartStop Self Storage-backed Strategic Storage Trust, a publicly registered real estate investment trust, completed the acquisition of 890-unit self storage facility in Canada. Financial terms were not disclosed. “We’re excited about this strategic acquisition that will expand our presence in the Greater Toronto Area and provide top-of-the-line storage solutions to Burlington’s growing residential population. Our strong competitive positioning and unique operational capabilities in this highly attractive market will continue to drive stockholder value," H. Michael Schwartz, SST VI CEO and President.
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