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Announced

Completed

SmartStop Self Storage-backed Strategic Storage Growth Trust III completed the acquisition of a 65.8k net rentable sq. foot storage facility.

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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Friendly

Acquisition

Completed

Single Bidder

Private

United States

Majority

Domestic

Real Estate Holding and Development

Real Estate

storage facility

Synopsis

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SmartStop Self Storage-backed Strategic Storage Growth Trust III, a real estate investment trust, completed the acquisition of a 65.8k net rentable sq. foot storage facility, located at 97 State Route 35 in Eatontown, New Jersey. Financial terms were not disclosed. “This facility will provide residents with a safe and secure place to store their belongings, and it will also offer a variety of amenities that are not available at other storage facilities in the area, including climate-controlled units, 24-hour security, video surveillance, and online account access. We believe this new facility will be a valuable asset to the community and provide value to our stockholders,” Wayne Johnson, SSGT III Chief Investment Officer.

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