Strategic Storage Growth Trust Completes Merger with Strategic Storage Trust II for $350 Million

We represented the independent Special Committee of Strategic Storage Growth Trust, Inc. (SSGT), in its merger with Strategic Storage Trust II, Inc., (SST II) in an all-cash transaction valued at $350 million. The SSGT properties will add more than 29 facilities to SST II’s portfolio, providing SST II with opportunities in the development, redevelopment and lease-up of self storage properties. Additionally, this expands SST II’s geographic reach in three new states – Arizona, Massachusetts and Texas.  The merger closed January 2019. More information about the transaction can be found here.

SSGT is a public non-traded REIT that focuses on the acquisition, development, redevelopment and lease-up of self-storage properties.

SST II is a public non-traded REIT that focuses on stabilized and growth self storage properties. The SST II portfolio currently consists of 111 operating self storage facilities located in 17 states and Ontario, Canada, comprising approximately 70,300 self storage units and approximately 8.1 million net rentable square feet of storage space, and one development property in the Greater Toronto Area which will contain approximately 900 self storage units and 85,000 net rentable square feet of storage space once completed.

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