Strategic Storage Trust VI, Inc. (SST VI) and Strategic Storage Growth Trust III, Inc. (SSGT III), two self-storage REITs sponsored by affiliates of SmartStop, have entered into a definitive agreement to combine in an all-stock merger. The transaction will create a combined company with approximately $1.2 billion in total asset value, expanding its portfolio to 37 wholly owned self-storage properties totaling roughly 29,415 storage units and 3.2 million rentable square feet. In addition to operating properties across the U.S. and Canada, the combined portfolio will include joint venture interests and beneficial interests in three Delaware Statutory Trust (DST) programs, further broadening its geographic reach and investment platform.
Management believes the merger will strengthen the company’s competitive position through greater scale, operational efficiencies, and enhanced borrowing capacity while providing stockholders with a more diversified self-storage portfolio. Under the agreement, SSGT III shareholders will receive one share of SST VI Class A common stock for each SSGT III share they own, with the transaction expected to close in the fourth quarter of 2026, subject to shareholder approval and customary closing conditions. The combined company is expected to continue evaluating strategic opportunities to enhance long-term stockholder value while leveraging SmartStop’s existing operating platform.
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