LADERA RANCH, Calif.--(BUSINESS WIRE)--Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), is pleased to announce the acquisition of its newest self-storage facility in Edmonton, Alberta, Canada.
Located at 14135 128 Ave NW in Edmonton, Alberta, this newly acquired Class A property spans approximately 65,200 net rentable square feet. It features a single-story building with approximately 480 interior climate-controlled units and two additional buildings offering approximately 80 drive-up units. The facility is easily accessible from St. Albert Trail, a major arterial road, and Yellowhead Trail, an expressway used by more than 80,000 commuters daily, and it serves both urban and suburban areas. The above-average median household incomes within a five-mile radius further highlight the site’s strong market potential. This facility is well-suited to serve the neighborhoods of Hudson, Wellington, Athlone, Kensington, Calder, Rosslyn, Prince Charles, Sherbrooke, Woodcroft, Dovercourt, North Glenora, Glenora, Westmount, Grovenor and Northwest Edmonton.
H. Michael Schwartz, CEO and President of SSGT III, expressed his enthusiasm for the acquisition, stating, “This property reflects our commitment to growing our presence in Canada and providing premium storage solutions. By expanding in the greater Edmonton area, we are excited to deliver unmatched convenience and security to the local community, further solidifying our reputation as a leader in the self-storage industry.”
About Strategic Storage Growth Trust III, Inc. (SSGT III):
SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of December 18, 2024, SSGT III has a portfolio of six operating properties in the United States, comprising approximately 5,160 units and 556,400 rentable square feet; three operating properties in Canada, comprising approximately 1,640 units and 183,900 rentable square feet; and joint venture interests in two developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which owns two operating properties in the United States comprising approximately 1,040 units and 123,000 rentable square feet.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 525 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of December 18, 2024, SmartStop has an owned or managed portfolio of 206 operating properties in 22 states and four Canadian provinces, comprising approximately 145,700 units and 16.4 million rentable square feet. SmartStop and its affiliates own or manage 38 operating self-storage properties in Canada, which total approximately 33,000 units and 3.4 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
