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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