Strategic Storage Growth Trust III Acquires Florida Storage Facility

Strategic Storage Growth Trust III Inc., a private real estate investment trust sponsored by SmartStop Self Storage REIT, announced the acquisition of a storage facility in Tamarac, Florida.

The facility spans approximately 69,000 net rentable square feet and includes a five-story building with approximately 760 interior, climate-controlled storage units.

The location is surrounded by mainly residential homes and apartments along W. McNab Road. Strategic Storage says the location boasts “significant growth potential,” with over 3,000 housing starts in the planning stages within a three-mile radius, making it a “prime location” for the REIT’s acquisition strategy.

“The addition of this Class A property presents a remarkable opportunity for SSGT III to expand its position into the Miami-Fort Lauderdale-Pompano market while offering innovative storage solutions to our customers and providing value to our stockholders,” Wayne Johnson, chief investment officer of SSGT III, said.

SmartStop Self Storage REIT is a self-managed REIT that oversees a portfolio of 194 properties in 22 states and Ontario, Canada, comprising approximately 137,600 units and 15.4 million rentable square feet.

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