Strategic Storage Growth Trust II, Inc. Acquires 637-Unit Self Storage Facility in Houston
HOUSTON (June 21, 2019) – Strategic Storage Growth Trust II, Inc. (“SSGT II”), a private real estate investment trust sponsored by SmartStop Asset Management, LLC, announced today its acquisition of a 637-unit self storage facility in Houston. This is the third acquisition completed by SSGT II.
“This storage facility is located in an area with a high population of tenants coming from multi-family developments and in close proximity to community retail centers,” said Wayne Johnson, chief investment officer. “The property has a very tenant-friendly layout with both climate-controlled and drive-up units. The facility also has excellent potential for revenue growth and fits well with our strategy to acquire opportunistic self storage properties.”
About Strategic Storage Growth Trust II, Inc. (“SSGT II”):
SSGT II, Inc. is a Maryland corporation that intends to qualify as a real estate investment trust for federal income tax purposes. SSGT II focuses on opportunistic self storage properties.
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