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.