Strategic Storage Trust VI, Inc. and Strategic Storage Growth Trust III, Inc. to Combine in All-Stock Merger
· Financial Post
LADERA RANCH, Calif. -- Strategic Storage Trust VI, Inc. ("SST VI" or the "Company"), a publicly registered non-listed real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA), and Strategic Storage Growth Trust III, Inc. ("SSGT III"), a private REIT also sponsored by an affiliate of SmartStop, announced today that the companies have entered into a definitive agreement and plan of merger by which SST VI will acquire SSGT III in an all-stock transaction (the “Merger”). The transaction brings together two SmartStop-sponsored REITs, and the combined company is expected to have a total asset value of approximately $1.2 billion. Read More
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