Strategic Storage Growth Trust III Inc. a fund managed by SmartStop Self Storage REIT, Inc. (OTCPK:STSF.F) and Strategic Storage Trust VI, Inc. acquired Eight Self-Storage Facilities in the Greater Toronto for approximately CAD 300 million.

SmartStop Self Storage REIT, Inc. (SmartStop) is a self-managed real estate investment trust (REIT) with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage program. SmartStop owns or manages portfolio of approximately 196 operating properties in 22 states and Canada, comprising approximately 138,100 units and 15.6 million rentable square feet. SmartStop and its affiliates own or manage approximately 34 operating self-storage properties in Canada, which total approximately 29,700 units and 3.0 million rentable square feet. Its segments include self-storage operations and Managed REIT Platform business. It focuses on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.