SSGT III Expands Portfolio With Five New Facilities Across Florida, Texas, and Arizona
Strategic Storage Growth Trust III, Inc. (SSGT III), a private REIT sponsored by SmartStop Self Storage REIT, Inc., has acquired five high-quality self-storage facilities located across Florida, Texas, and Arizona. These properties, acquired through Delaware Statutory Trusts, are strategically positioned in fast-growing suburban areas with strong household incomes and heavy traffic counts. This expansion aligns with SSGT III’s strategy of targeting income-generating self-storage assets in economically vibrant markets.
Key Points:
Multi-State Portfolio Acquisition
The five facilities total over 500,000+ net rentable square feet, adding more than 3,600 units across Florida (Orlando & Longwood), Texas (Pasadena & Corinth), and Arizona (Phoenix).
Strategic Location Advantages
All properties are situated in high-growth, high-income suburban communities with strong demographics and traffic flow, including proximity to multifamily housing and major urban neighborhoods.
SmartStop’s Expansion Vision
CEO H. Michael Schwartz highlighted the acquisition as part of a broader strategy to strengthen market presence in demographically favorable, economically expanding areas while delivering value-driven self-storage solutions.
