SmartStop Self Storage REIT Acquires Strategic Storage Growth Trust II Portfolio in Stock-for-Stock Transaction

June 1, 2022

SmartStop Self Storage REIT, Inc. agreed to acquire Strategic Storage Growth Trust II, Inc.’s self-storage real estate portfolio in an all-stock, stock-for-stock merger valued at approximately $280 million. The transaction has SmartStop acquiring all real estate owned by SSGT II, and the combined company will operate a larger self-storage portfolio with enhanced scale and cost efficiencies.

Buyers
SmartStop Self Storage REIT, Inc.
Targets
Strategic Storage Growth Trust II, Inc.
Industry
Real Estate
Location
California, United States
Transaction Type
Buyout

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