California Self Storage Operator Vaults to Fifth Largest Player in Canada

June 20, 2023 | Garry Marr | CoStar News

California-based SmartStop Self Storage REIT is expanding in Canada’s largest city, adding eight facilities in the greater Toronto area for $CA300 million.

The company said its affiliates, Strategic Storage Trust VI Inc. and Strategic Growth Trust III Inc., acquired the eight-facility portfolio with 7,400 units and 758,000 rentable square feet. With the acquisition, SmartStop now owns or manages 33 operating self-storage properties in Canada with 3 million square feet, making it the fifth largest operator in Canada…

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