Latest news with #SSGTIII
National Post
15-07-2025
- Business
- National Post
Blue Door AM I Announces Launch of $64.8 Million DST Offering
Article content LADERA RANCH, Calif. — Blue Door AM I, LLC, an indirect subsidiary of Strategic Storage Growth Trust III, Inc. ('SSGT III'), and an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop'), is pleased to announce the launch of Blue Door Property II, DST ('Blue Door II'), a new Delaware Statutory Trust (DST) investment program. Article content Blue Door II offers accredited investors the opportunity to participate in the self-storage sector through a diversified portfolio of three debt-free institutional-quality properties located in Orlando, Florida and Pasadena and Corinth, Texas. The Orlando property consists of approximately 680 units and 97,300 net rentable square feet, the Pasadena location features approximately 840 units and 106,600 net rentable square feet, and the Corinth property includes approximately 770 units and 97,100 net rentable square feet. Article content The program seeks to raise approximately $64.8 million from accredited investors and is designed to target high-growth markets across the United States, providing investors with access to a historically resilient real estate asset class. Blue Door's DST structure gives accredited investors, including those completing a 1031 exchange, the opportunity to defer taxes and reinvest into professionally managed self-storage properties. Article content 'Launching the Blue Door II DST program reflects our continued commitment to delivering professionally managed, institutional-grade self-storage properties to retail investors,' said H. Michael Schwartz, CEO of SSGT III. 'SmartStop's growing footprint across North America is a reflection of our operational expertise and the strength of our brand, which continue to resonate with both customers and investors.' Article content About Strategic Storage Growth Trust III, Inc. (SSGT III): Article content SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of July 15, 2025, SSGT III has a portfolio of 10 operating properties in the United States, comprising approximately 8,020 units and 880,575 net rentable square feet; five operating properties in Canada, comprising approximately 3,180 units and 326,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, Blue Door AM I, a subsidiary of SSGT III, serves as the sponsor of two Delaware Statutory Trusts, which currently own five operating properties in the United States comprising approximately 3,420 units and 472,100 net rentable square feet. Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of July 15, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at Article content This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum of Blue Door II (the 'Memorandum') to accredited investors only pursuant to an exemption from registration under the Securities Act of 1933 in accordance with Rule 506(c) of Regulation D. Please read the entire Memorandum paying special attention to the risk factors section prior to investing. Internal Revenue Code Section 1031 is a complex tax code; therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, DST properties and real estate securities, including illiquidity, tenant occupancies, general market conditions and competition, lack of operating history, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and self storage properties, the DST and master lease structure, offering fees and expenses, potential adverse tax consequences, general economic risks and long hold periods. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered through Orchard Securities, LLC, member FINRA, SIPC. Article content Article content Article content Article content Contacts Article content David Corak Article content Article content Article content
Business Wire
15-07-2025
- Business
- Business Wire
Blue Door AM I Announces Launch of $64.8 Million DST Offering
LADERA RANCH, Calif.--(BUSINESS WIRE)--Blue Door AM I, LLC, an indirect subsidiary of Strategic Storage Growth Trust III, Inc. ('SSGT III'), and an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop'), is pleased to announce the launch of Blue Door Property II, DST ('Blue Door II'), a new Delaware Statutory Trust (DST) investment program. Blue Door II offers accredited investors the opportunity to participate in the self-storage sector through a diversified portfolio of three debt-free institutional-quality properties located in Orlando, Florida and Pasadena and Corinth, Texas. The Orlando property consists of approximately 680 units and 97,300 net rentable square feet, the Pasadena location features approximately 840 units and 106,600 net rentable square feet, and the Corinth property includes approximately 770 units and 97,100 net rentable square feet. The program seeks to raise approximately $64.8 million from accredited investors and is designed to target high-growth markets across the United States, providing investors with access to a historically resilient real estate asset class. Blue Door's DST structure gives accredited investors, including those completing a 1031 exchange, the opportunity to defer taxes and reinvest into professionally managed self-storage properties. "Launching the Blue Door II DST program reflects our continued commitment to delivering professionally managed, institutional-grade self-storage properties to retail investors," said H. Michael Schwartz, CEO of SSGT III. "SmartStop's growing footprint across North America is a reflection of our operational expertise and the strength of our brand, which continue to resonate with both customers and investors." About Strategic Storage Growth Trust III, Inc. (SSGT III): SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of July 15, 2025, SSGT III has a portfolio of 10 operating properties in the United States, comprising approximately 8,020 units and 880,575 net rentable square feet; five operating properties in Canada, comprising approximately 3,180 units and 326,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, Blue Door AM I, a subsidiary of SSGT III, serves as the sponsor of two Delaware Statutory Trusts, which currently own five operating properties in the United States comprising approximately 3,420 units and 472,100 net rentable square feet. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of July 15, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum of Blue Door II (the "Memorandum") to accredited investors only pursuant to an exemption from registration under the Securities Act of 1933 in accordance with Rule 506(c) of Regulation D. Please read the entire Memorandum paying special attention to the risk factors section prior to investing. Internal Revenue Code Section 1031 is a complex tax code; therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, DST properties and real estate securities, including illiquidity, tenant occupancies, general market conditions and competition, lack of operating history, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and self storage properties, the DST and master lease structure, offering fees and expenses, potential adverse tax consequences, general economic risks and long hold periods. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered through Orchard Securities, LLC, member FINRA, SIPC.
National Post
25-06-2025
- Business
- National Post
Strategic Storage Growth Trust III, Inc. Acquires Class A Self-Storage Facility in Vancouver, British Columbia
Article content LADERA RANCH, Calif. — Strategic Storage Growth Trust III, Inc. ('SSGT III'), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop'), is pleased to announce the acquisition of a Class A self-storage facility located at 1305 East 7th Avenue in Vancouver, British Columbia. Article content This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years. Article content Article content With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park. Article content Adding to the strength of this acquisition is the City of Vancouver's increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market. Article content 'This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas,' said H. Michael Schwartz, CEO of SSGT III. 'With Vancouver's tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value.' Article content About Strategic Storage Growth Trust III, Inc. (SSGT III): Article content SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet. Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at Article content Article content Article content Contacts Article content David Corak Article content Article content Article content
Yahoo
25-06-2025
- Business
- Yahoo
Strategic Storage Growth Trust III, Inc. Acquires Class A Self-Storage Facility in Vancouver, British Columbia
LADERA RANCH, Calif., June 25, 2025--(BUSINESS WIRE)--Strategic Storage Growth Trust III, Inc. ("SSGT III"), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ("SmartStop"), is pleased to announce the acquisition of a Class A self-storage facility located at 1305 East 7th Avenue in Vancouver, British Columbia. This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years. With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park. Adding to the strength of this acquisition is the City of Vancouver's increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market. "This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas," said H. Michael Schwartz, CEO of SSGT III. "With Vancouver's tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value." About Strategic Storage Growth Trust III, Inc. (SSGT III): SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at View source version on Contacts David Corak Senior VP of Corporate Finance & StrategySmartStop Self Storage REIT,
Business Wire
25-06-2025
- Business
- Business Wire
Strategic Storage Growth Trust III, Inc. Acquires Class A Self-Storage Facility in Vancouver, British Columbia
LADERA RANCH, Calif.--(BUSINESS WIRE)--Strategic Storage Growth Trust III, Inc. ('SSGT III'), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop'), is pleased to announce the acquisition of a Class A self-storage facility located at 1305 East 7th Avenue in Vancouver, British Columbia. This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years. With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park. Adding to the strength of this acquisition is the City of Vancouver's increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market. 'This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas,' said H. Michael Schwartz, CEO of SSGT III. 'With Vancouver's tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value.' About Strategic Storage Growth Trust III, Inc. (SSGT III): SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at
