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M&A Deal Summary

SmartStop Self Storage Acquires Strategic REIT

On March 17, 2021, SmartStop Self Storage acquired real estate company Strategic REIT for 380M USD

Acquisition Highlights
  • This is SmartStop Self Storage’s 1st transaction in the Real Estate sector.
  • This is SmartStop Self Storage’s largest (disclosed) transaction.
  • This is SmartStop Self Storage’s 1st transaction in the United States.
  • This is SmartStop Self Storage’s 1st transaction in California.

M&A Deal Summary
Date 2021-03-17
Target Strategic REIT
Sector Real Estate
Buyer(s) SmartStop Self Storage
Deal Type Add-on Acquisition
Deal Value 380M USD
Advisor(s) KeyBanc Capital Markets (Financial)
Bass, Berry & Sims (Legal)

Target

Strategic REIT

Ladera Ranch, California, United States
Strategic REIT is a public non-traded REIT focused on stabilized and growth-oriented self-storage facilities and related real estate investments. The self-storage industry is a unique asset class that displays recession-resistant (1) traits as demand is tied to life events rather than economic cycles. Strategic REIT is based in Ladera Ranch, California.

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Buyer(S) 1

Buyer

SmartStop Self Storage

Ladera Ranch, California, United States
Category Company
Founded 2007
Sector Real Estate
Employees300
DESCRIPTION

SmartStop Self Storage, Inc. is a real estate investment trust.

DEAL STATS #
Overall 1 of 2
Sector: Real Estate M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-24 Argus Professional Storage Management

Tucson, Arizona, United States

Argus Professional Storage Management manages 227 facilities across 26 states, totaling 16.6 million rentable square feet and ~102,000 units. Argus Professional Storage Management's services include revenue management, marketing, accounting, staffing, and operational oversight for storage owners. Argus Professional Storage Management was founded in 2012 and is headquartered in Tucson, Arizona.

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