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 PLC (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 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal