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Which nontraded REIT’s board approved a distribution rate of 6.00% on Class A shares, based upon the offering price, for Q4 2020, on September 25, 2020?

October 8, 2020

Which nontraded REIT’s board approved a distribution rate of 6.00% on Class A shares, based upon the offering price, for Q4 2020, on September 25, 2020?

Answer: On September 25, 2020, the board of SmartStop Self Storage REIT, Inc. authorized a daily distribution rate of approximately $0.00164 per day per share on the outstanding shares of common stock payable to Class A stockholders for Q4 2020, which equates to a 6.00% annualized distribution rate based upon the offering price.

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February 23, 2019

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