Strategic Storage Trust IV Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, has surpassed $50 million in subscriptions and may now accept Pennsylvania investors.
Strategic Storage Trust IV is offering up to $1 billion in shares of its common stock in its primary offering, consisting of three classes of shares: Class A shares for $25.00 per share, Class T shares for $24.21 per share, and Class W shares for $22.75 per share.
All investors have the option to purchase Class A or Class T shares in the offering, while Class W shares are only available to investors purchasing through certain fee-based programs or registered investment advisors.
In addition, Strategic Storage Trust IV is offering up to $95 million distribution reinvestment plan shares at $23.75 per share for Class A shares, $23.00 per share for Class T shares, and $22.75 per share for Class W shares.
Strategic Storage Trust IV intends to primarily invest in a portfolio of self storage assets consisting of both income-producing and growth properties located in the United States and Canada. The REIT’s portfolio is comprised of two properties with approximately 1,080 self storage units.