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New Deal


Announced

Completed

SmartStop Self Storage-backed Strategic Storage Trust completed the acquisition of 890-unit self storage facility in Canada.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Acquisition

Real Estate Holding and Development

Real Estate

Private

Friendly

Cross Border

Single Bidder

Majority

facility

Canada

self storage

Synopsis

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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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