SmartStop Self Storage enters joint venture deal to invest USD 54 million in Strategic Storage Canada fund

Bitget2026/09/29 13:25

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SmartStop agreed to invest about CAD 74 million in Strategic Storage Canada, a joint venture fund holding 14 Canadian self-storage properties.
Deal provides a 50% general partner stake, about a 34% limited partner stake, with CAD 25 million convertible preferred equity at a 6.5% coupon.
Investment positions SmartStop as Canada’s third-largest self-storage operator, expanding its footprint to 70 operating properties.
SmartStop secured five-year property management contracts on fund assets, with a right of first offer on all fund properties.
Closing is targeted for the fourth quarter of 2026, subject to Canadian Competition Act approval and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartstop Self Storage Reit Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-406164), on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SmartStop Self Storage enters joint venture deal to invest USD 54 million in Strategic Storage Canada fund

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