Strategic Storage Trust Acquires 9 Facilities for $64M

Source:  CPE

In separate transactions, Strategic Storage Trust, Inc., acquired five self-storage properties located in the greater Dallas/Fort Worth and Midland, Texas markets and four self-storage properties located in Alabama and Tennessee, for a total of approximately $64 million. The two purchases added 710,000 NRSF of stabilized properties to its expanding portfolio. The self-storage REIT will rebrand the nine properties under the SmartStop® Self Storage trade name. “We targeted these ...

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