Strategic Storage Trust IV Acquires Six-Facility Self Storage Portfolio in the Greater Houston Area and College Station
HOUSTON – (Oct. 16, 2018) – Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today the acquisition of a six-property self storage portfolio primarily in the Greater Houston area and College Station. The portfolio includes approximately 3,600 storage units and recreational vehicle spaces.
“The properties are very well located in high barrier-to-entry markets around the Houston
Constructed between 2002 and 2007 on approximately 28.6 acres of land, the portfolio comprises approximately 483,000 net rentable square feet and includes 3,400 units and 200 RV spaces. The facilities offer a number of amenities, including drive-up units, interior climate-controlled and non-climate-controlled units, enclosed RV parking, covered RV parking and open RV parking.
About Strategic Storage Trust IV, Inc. (SST IV)
SST IV is a public non-traded REIT that focuses on the acquisition of stabilized and growth self storage properties. SST IV owns 13 properties comprising approximately 7,900 self storage units and 965,000 net rentable square feet of storage space, as well as one vacant lot of land for development.
About SmartStop Asset Management, LLC (SmartStop)
SmartStop is a diversified real estate company focused on self storage, student housing
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Because such statements include risks, uncertainties
SmartStop Asset Management, LLC
10 Terrace Rd.
Ladera Ranch, CA 92694
T: (949) 429.6600
F: (949) 429.6606