Strategic Storage Trust II to Close Primary Offering

Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust, announced the close of its primary offering effective January 9, 2017.

In connection with the closing, the REIT will only accept subscription agreements if they are received by the company’s transfer agent on or before the close of business on January 9th. The accounts must be fully funded and in good order, and any subscriptions received or funded after the close date will be promptly returned.

As of the second quarter of 2016, Strategic Storage Trust has raised a total of $422 million in investor equity from its primary offering and through the sale of DRIP shares. Class A shares and class T shares are currently sold for $11.21 and $10.62 each, respectively.

In other SSTII news, last week The DI Wire reported that the REIT purchased a self storage facility in Las Vegas for $14.2 million.

Strategic Storage Trust II, which focuses on acquiring stabilized, income producing self storage properties, oversees a 4.9 million-square-foot portfolio comprised of 66 operating self storage facilities located in 14 states and Toronto, Canada. The REIT is sponsored by SmartStop Asset Management.

For more Strategic Storage Trust II news, please visit their directory page here.