Two nontraded REITs specialize in self-storage assets (Strategic Storage Growth Trust and Strategic Storage Trust II), and several others are acquiring self-storage properties. The two REITs had a total of 41 properties in 3Q 2015 while the U.S. has approximately 44,000 self-storage facilities. ExtraSpace Storage acquired the nontraded REIT SmartStop in 2015, and is now the second largest operator in the U.S.

How much equity capital did nontraded BDC programs raise in September 2023 via public offerings?
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