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23.06.25 - 22:51
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Strategic Storage Growth Trust III, Inc. Completes New Acquisition in Houston Market (Business Wire)
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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 a Class A self-storage facility in Houston, Texas.
Located at 3130 Southwest Freeway, the newly acquired facility offers approximately 98,875 net rentable square feet in a 10-story building. This upscale facility features approximately 789 interior, climate-controlled units, 16 lockers, and 72 dedicated wine storage vaults. Positioned in an upscale area just 3.5 miles southwest of downtown Houston, it boasts prominent visibility along the U.S. 69 highway, which experiences approximately 236,461 vehicles daily.
The area within a three-mile radius boasts substantial household incomes and anticipates population growth of 8.2% over the next five years. This facility will serve the neighborhoods of Montrose, Upper Kirby, Midtown, Museum District, West Un...
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17.06.25 - 22:42
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SmartStop Self Storage REIT, Inc. Acquires Five Premium Self-Storage Facilities in the Houston Metropolitan Area (Business Wire)
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LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the acquisition of five Class A, high-quality self-storage properties strategically located throughout the Houston Metropolitan Statistical Area.
The newly acquired portfolio features a diverse mix of multi- and single-story facilities that collectively offer more than approximately 420,000 net rentable square feet and approximately 3,800 storage units, including climate-controlled units and RV spaces. Each facility is well-positioned within a high-demand submarket of Houston, benefiting from strong demographic profiles, high traffic visibility, and proximity to residential and retail development.
The newly acquired properties are located at:
2412 W Holcombe Blvd, Houston, Texas
21836 Holzwarth Rd, Spring, Texas
9040 Louetta Rd, Spring, Texas
32620 FM2...
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16.06.25 - 22:51
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SmartStop Closes Canadian Maple Bond Offering for CAD $500 Million (Business Wire)
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LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced today that it has closed its previously announced CAD$500 million aggregate principal amount of Series A Senior Unsecured Notes, due June 16, 2028 (the “Notes”). The Notes were issued by SmartStop's operating partnership, SmartStop OP, L.P. The Notes bear interest at a rate of approximately 3.91% per annum, payable in cash in equal semiannual installments commencing on December 16, 2025. After accounting for an interest rate hedge, the effective interest rate on the Notes is approximately 3.85%. The Notes are rated BBB mid with a Stable Outlook by Morningstar DBRS.
This Maple Bond marks SmartStop's entry into the senior unsecured Canadian bond market, a testament to SmartStop's long-standing and growing presence in the Canadian market with more ...
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12.06.25 - 00:48
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SmartStop Prices Canadian Maple Bond Offering (Business Wire)
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LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the pricing of a Canadian Maple Bond offering. SmartStop's affiliated operating partnership, SmartStop OP, L.P., will issue CAD $500 million of series A senior unsecured notes due June 16, 2028 (the “Notes”). The Notes bear interest at a rate of approximately 3.91% per annum, payable in cash in equal semi-annual installments, commencing on December 16, 2025. The effective interest rate on the indentures after accounting for an interest rate hedge is approximately 3.85%. The Notes are rated BBB (Stable) by Morningstar DBRS.
SmartStop intends to use the net proceeds from the offering to repay outstanding higher interest rate indebtedness, fund acquisitions and for general corporate purposes. The closing of the offering is expected to occur on June 1...
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29.05.25 - 01:57
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SmartStop Receives BBB Credit Rating From Morningstar DBRS (Business Wire)
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LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced that DBRS, Inc. (“Morningstar DBRS”) has assigned an Issuer Rating of BBB with a Stable trend to SmartStop OP, L.P., the operating partnership of SmartStop. The rating was based on the credit risk profile of SmartStop and its subsidiaries (including SmartStop OP, L.P.). Morningstar DBRS also assigned a senior unsecured debt rating on SmartStop's 2032 Private Placement Notes of BBB with a stable trend.
The rating is supported by information submitted to Morningstar DBRS as of May 21, 2025, including management presentations, financial forecasts, annual reports, and organizational documentation.
Assumptions underlying the rating include the expectation that any future senior unsecured debt issued by SmartStop OP, L.P. will be unsubordinated and rank...
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