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Strategic Storage Trust IV Acquires Six-Facility Self Storage Portfolio in Texas, USA.

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MANews-(C)2009-2018

18 October 2018 - Houston, US-based real estate investment trust Strategic Storage Trust IV, Inc. (SST IV) has acquired a six-property self storage portfolio primarily in the Greater Houston area and College Station areas in Texas, USA, the company said.

The portfolio includes approximately 3,600 storage units and recreational vehicle spaces.

Constructed between 2002 and 2007 on approximately 28.6 acres of land, the portfolio comprises approximately 483,000 net rentable square feet and includes 3,400 units and 200 RV spaces.

The facilities offer a number of amenities, including drive-up units, interior climate-controlled and non-climate-controlled units, enclosed RV parking, covered RV parking and open RV parking.

SST IV is a public non-traded REIT that focuses on the acquisition of stabilized and growth self storage properties. SST IV owns 13 properties comprising approximately 7,900 self storage units and 965,000 net rentable square feet of storage space, as well as one vacant lot of land for development.

SmartStop is a diversified real estate company focused on self storage, student housing and senior housing assets.

The company has approximately USD 1.7bn of real estate assets under management, including 124 self storage facilities located throughout the United States and Toronto, Canada, comprised of approximately 78,500 units and 9.1 m rentable square feet.

SmartStop's real estate portfolio also includes five student housing communities with...

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