SmartStop Self Storage to invest about CAD 74 million in Strategic Storage Canada joint venture fund

Bitget2026/09/29 13:26

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SmartStop Self Storage REIT outlined about USD 140 million of investments to expand its North American self-storage platform in 2026.
Planned CAD 74 million investment in a Canadian joint venture holding 14 properties; portfolio about 961,000 rentable square feet; roughly 50% occupied.
Expected $37 million purchase of two stabilized U.S. facilities in Las Vegas and Asheville; more than 186,000 rentable square feet.
New preferred equity and mezzanine program targets $48.2 million net investment by year-end; mid-teens yields; about five-year maturities.
Forward ATM equity sale of 2,400,000 shares priced at $32.01; up to $78 million gross proceeds; CAD 200 million Maple Bond at 4.317%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartstop Self Storage Reit Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260928055272) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SmartStop Self Storage to invest about CAD 74 million in Strategic Storage Canada joint venture fund

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