{"id":141504,"date":"2021-04-22T12:05:07","date_gmt":"2021-04-22T16:05:07","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=141504"},"modified":"2021-04-22T12:05:07","modified_gmt":"2021-04-22T16:05:07","slug":"smartstop-self-storage-reit-inc-acquires-self-storage-facility-in-the-greater-toronto-area","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/smartstop-self-storage-reit-inc-acquires-self-storage-facility-in-the-greater-toronto-area\/","title":{"rendered":"SmartStop Self Storage REIT, Inc. Acquires Self Storage Facility in the Greater Toronto Area"},"content":{"rendered":"

SmartStop Self Storage REIT, Inc. Acquires Self Storage Facility in the Greater Toronto Area<\/h1>\n

\"\"<\/p>\n

April 19, 2021<\/p>\n

LADERA RANCH, Calif.,\u00a0April 19, 2021\u00a0\/PRNewswire\/ —\u00a0SmartStop Self Storage REIT, Inc.<\/a>\u00a0(“SmartStop” or the “Company”),\u00a0a self-managed and fully-integrated self storage company with approximately\u00a0$1.7 billion\u00a0of self storage assets under management, today announced the acquisition of a recently built six-story self storage facility in\u00a0Oakville, Ontario, Canada. The property was completed in\u00a0April 2020\u00a0and was approximately 35% occupied at acquisition. This is SmartStop’s 17th owned or managed location in the\u00a0Greater Toronto Area\u00a0(“GTA”), and 153rd property in\u00a0North America.<\/p>\n

The six-story facility is located at 450 Iroquois Shore Rd in the\u00a0Oakville\u00a0community, one of the GTA’s most affluent suburbs. This prime location provides easy access from both the 400 series and QEW highways as well as the Go Transit regional train service. This facility serves the communities of\u00a0Oakville, Kerr Village,\u00a0Clearview, and Falgarwood and is located a short drive from\u00a0Sheridan College. The property’s 1,073 units are 100% climate-controlled across approximately 81,500 square feet. The property offers customers a variety of amenities including state-of-the-art security systems, elevators, keypad access, a gated drive-in loading area and more. The facility is the Company’s third in\u00a0Oakville, establishing SmartStop as the dominant market player in the submarket.<\/p>\n

“We are thrilled to add to our best-in-class portfolio in the\u00a0Greater Toronto Area,” said H.\u00a0Michael Schwartz, Chairman and CEO of SmartStop. “This property’s favorable demographics and supply constraints exemplify the compelling characteristics of the entire region, which we believe is one of the most attractive self storage markets in\u00a0North America. With 17 facilities owned or managed in the GTA, SmartStop is quickly becoming a leader in the market and we expect the GTA will be a significant part of SmartStop’s growth strategy going forward.”<\/p>\n

About SmartStop Self Storage REIT, Inc. (SmartStop)\u00a0<\/h4>\n

SmartStop is a self-managed REIT with a fully integrated operations team of approximately\u00a0400\u00a0self storage\u00a0professionals focused on growing the SmartStop\u00ae\u00a0Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other\u00a0self storage\u00a0programs. SmartStop is the tenth-largest\u00a0self storage\u00a0company in the U.S., with approximately\u00a0$1.7\u00a0billion of real estate assets under management, including an owned and managed portfolio of\u00a0153\u00a0properties in 19 states and\u00a0Ontario, Canada\u00a0and comprising\u00a0approximately 104,000 units and 11.7\u00a0million rentable square feet.\u00a0SmartStop and its affiliates own or manage 17 operating self storage properties in the\u00a0Greater Toronto Area, which total approximately 14,300 units and 1.5 million rentable square feet. Additional\u00a0information regarding SmartStop is available at\u00a0www.smartstopselfstorage.com<\/a>.\u00a0<\/p>\n

Contact:<\/strong><\/p>\n

David Corak
\nVP of Corporate Finance
\nSmartStop Self Storage REIT, Inc.
\n949-542-3331
\nIR@smartstop.com<\/a><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully-integrated self storage company with approximately $1.7 billion…<\/p>\n","protected":false},"author":2691,"featured_media":30041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2823,2908,2909],"tags":[],"class_list":["post-141504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-self-storage","category-smartstop","category-smartstop-self-storage-reit"],"acf":[],"yoast_head":"\nSmartStop Self Storage REIT, Inc. 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