Latest news with #SmartStopSelfStorageREIT
Business Wire
21 hours ago
- Business
- Business Wire
SmartStop Self Storage REIT, Inc. Announces Appointment of New Board Member
LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the appointment of Lora Gotcheva as an independent director of the Company, effective July 10, 2025. Ms. Gotcheva has more than 25 years of financial management and investment experience with several firms in the financial services industry. From July 2010 until April 2025, Ms. Gotcheva served in various roles at CPP Investments, one of the largest pension fund managers in Canada, which invests the funds of the Canada Pension Plan. Most recently, Ms. Gotcheva served as a Managing Director, specializing in private real estate investments, joint ventures, and public REIT investments. Ms. Gotcheva earned a Bachelor of Arts degree from Mount Holyoke College and an MBA from The Wharton School at the University of Pennsylvania. 'I would like to welcome Lora to the SmartStop family,' said H. Michael Schwartz, Chairman and CEO of SmartStop. 'With her deep real estate investment experience, specifically in publicly traded REITs both in the United States and Canada, Lora will bring valuable perspectives and skill sets that will serve SmartStop well as a newly listed REIT. Importantly, her background will complement our current members of the Board. I would also like to thank our Nominating and Corporate Governance Committee for its work and diligence during this process.' 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 7, 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
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
Yahoo
23-06-2025
- Business
- Yahoo
Strategic Storage Growth Trust III, Inc. Completes New Acquisition in Houston Market
LADERA RANCH, Calif., June 23, 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 in Houston, Texas. Located at 3130 Southwest Freeway, the newly acquired facility offers approximately 98,875 net rentable square feet in a 10-story building. This upscale facility features approximately 789 interior, climate-controlled units, 16 lockers, and 72 dedicated wine storage vaults. Positioned in an upscale area just 3.5 miles southwest of downtown Houston, it boasts prominent visibility along the U.S. 69 highway, which experiences approximately 236,461 vehicles daily. The area within a three-mile radius boasts substantial household incomes and anticipates population growth of 8.2% over the next five years. This facility will serve the neighborhoods of Montrose, Upper Kirby, Midtown, Museum District, West University Place, and Greenway/Upper Greenway. "This acquisition marks a strategic step forward in expanding our footprint into one of the nation's most dynamic and growing metropolitan areas," said H. Michael Schwartz, CEO of SSGT III. "This Class A facility enhances our portfolio with its prime location, modern features, and specialized offerings. We are confident it will meet the evolving needs of residents and businesses in the area while creating long-term value for our 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 June 23, 2025, SSGT III has a portfolio of thirteen operating properties in the United States, comprising approximately 10,420 units and 1,229,675 net rentable square feet; four operating properties in Canada, comprising approximately 2,380 units and 272,800 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 23, 2025, SmartStop has an owned or managed portfolio of 228 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 163,500 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 42 operating self-storage properties in Canada, which total approximately 35,700 units and 3.6 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, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
23-06-2025
- Business
- Business Wire
Strategic Storage Growth Trust III, Inc. Completes New Acquisition in Houston Market
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 in Houston, Texas. Located at 3130 Southwest Freeway, the newly acquired facility offers approximately 98,875 net rentable square feet in a 10-story building. This upscale facility features approximately 789 interior, climate-controlled units, 16 lockers, and 72 dedicated wine storage vaults. Positioned in an upscale area just 3.5 miles southwest of downtown Houston, it boasts prominent visibility along the U.S. 69 highway, which experiences approximately 236,461 vehicles daily. The area within a three-mile radius boasts substantial household incomes and anticipates population growth of 8.2% over the next five years. This facility will serve the neighborhoods of Montrose, Upper Kirby, Midtown, Museum District, West University Place, and Greenway/Upper Greenway. 'This acquisition marks a strategic step forward in expanding our footprint into one of the nation's most dynamic and growing metropolitan areas,' said H. Michael Schwartz, CEO of SSGT III. 'This Class A facility enhances our portfolio with its prime location, modern features, and specialized offerings. We are confident it will meet the evolving needs of residents and businesses in the area while creating long-term value for our 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 June 23, 2025, SSGT III has a portfolio of thirteen operating properties in the United States, comprising approximately 10,420 units and 1,229,675 net rentable square feet; four operating properties in Canada, comprising approximately 2,380 units and 272,800 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 23, 2025, SmartStop has an owned or managed portfolio of 228 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 163,500 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 42 operating self-storage properties in Canada, which total approximately 35,700 units and 3.6 million rentable square feet. Additional information regarding SmartStop is available at
