Strategic Storage Trust IV Now Accepting Subscriptions from Washington Residents

Strategic Storage Trust IV Inc., a public non-traded real estate investment trust sponsored by SmartStop Asset Management, has surpassed $10 million in aggregate subscriptions and may now accept subscriptions from investors residing in Washington state.

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 (up to $450 million in shares), Class T shares for $24.21 per share (up to $450 million in shares), and Class W shares for $22.75 per share (up to $100 million in shares).

Class A and Class T shares are available to all accredited investors, while Class W shares are only available for purchase through certain fee-based programs or registered investment advisors.

Strategic Storage Trust IV is also offering up to $95 million in distribution reinvestment plan shares priced 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 properties in the United States and Canada.

Strategic Storage Trust IV’s offering was declared effective in March 2017 and raised $2.5 million in investor equity, as of June 30, 2017. The company purchased its first property in April for $5.6 million.

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