Strategic Storage Growth Trust to Explore Liquidity Options

The board of Strategic Storage Growth Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Managment, has appointed a special committee of its independent directors to evaluate strategic alternatives available to the company and address any potential conflicts of interest.

Strategic alternatives provide liquidity to shareholders and generally include listing the company’s common stock on a national exchange; selling the company or its assets and distributing the proceeds to shareholders; or merging with a publicly traded company.

The committee has also engaged KeyBanc Capital Markets Inc. as its independent financial advisor and retained Bass, Berry & Sims PLC as special independent legal counsel in connection with the process.

The company said that it does not intend to provide updates on the process unless it determines that further disclosure is appropriate.

Strategic Storage Growth Trust focuses on the acquisition, development, redevelopment, and lease-up of self storage properties. The company’s portfolio currently consists of 26 operating self storage facilities and two development properties. The offering launched in January 2015 and raised more than $279 million in investor equity before closing in March 2017.

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