February 14, 2017
Strategic Storage Growth Trust Announces Plans to Close Primary Offering at $200 Million
Strategic Storage Growth Trust Announces Plans to Close Primary Offering at $200 Million February 14, 2017 | by James Sprow | Blue Vault On February 9, 2017, the board of …

Read more

newsalert

Strategic Storage Growth Trust Announces Plans to Close Primary Offering at $200 Million

February 14, 2017 | by James Sprow | Blue Vault

handshake

On February 9, 2017, the board of directors of Strategic Storage Growth Trust, Inc. (“SSGT”) approved the close of the primary offering upon SSGT crossing the $200 million threshold in its primary offering. As of February 8, 2017, SSGT had raised approximately $122 million in its primary public offering. 

Upon SSGT reaching $200 million in its primary offering, the REIT intends to close the offering to new subscriptions commencing five business days after reaching the $200 million threshold. In connection with the closing, its policy will be to accept subscription agreements only if they are received by SSGT’s transfer agent on or before the close of business on the close date. The accounts must be fully funded, and in good order no later than the close of business five business days following the close date for non-qualified account investments, and thirty business days following the close date for qualified account investments.

As of January 31, 2017, SSGT owned 16 self-storage properties and had pending acquisitions in 2017 for two additional facilities with approximately 1,835 storage units. The REIT also had a pending disposition of one property with 440 units. 

On February 13, 2017, the REIT named Michael Terjung as its CFO and treasurer. Terjung, succeeds Michael McClure, who was named president of the company. Terjung, most recently served as a controller for the company’s sponsor, SmartStop Asset Management LLC, assigned to Strategic Storage Growth Trust.

didyouknow_sponsorfocus-green

Learn more about SmartStop Asset Management, LLC on our Sponsor Focus page. 

Click Here

Recent

The Mystery Continues – Peakstone Realty Trust

The Mystery Continues – Peakstone Realty Trust

As of June 30, 2022, Griffin Realty Trust, the former name of Peakstone Realty Trust, owned a portfolio of 121 properties, which was approximately 93% leased and 92.7% occupied with a weighted average remaining lease term of 6.1 years.
Are Any of the Nontraded REITs Landlords for Macy’s?

Are Any of the Nontraded REITs Landlords for Macy’s?

It is obvious after these searches that the closures of underperforming Macy’s stores will not affect any of the nontraded REITs directly, and it is doubtful that those closures will even affect nontraded REIT portfolio values indirectly.  

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now