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June 24, 2023
California Self Storage Operator Vaults to Fifth Largest Player in Canada
June 24, 2023
California Self Storage Operator Vaults to Fifth Largest Player in Canada
June 20, 2023 | Garry Marr | CoStar News
California-based SmartStop Self Storage REIT is expanding in Canada’s largest city, adding eight facilities in the greater Toronto area for $CA300 million.
The company said its affiliates, Strategic Storage Trust VI Inc. and Strategic Growth Trust III Inc., acquired the eight-facility portfolio with 7,400 units and 758,000 rentable square feet. With the acquisition, SmartStop now owns or manages 33 operating self-storage properties in Canada with 3 million square feet, making it the fifth largest operator in Canada…
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