Strategic Storage Trust II announced the entry into a definitive merger agreement with Strategic Storage Growth Trust (SSGT).
SSGT will merge with and into a wholly-owned subsidiary of SST II.
SST II will acquire all of the real estate owned by SSGT, consisting of 28 self-storage facilities located in 10 states and in the Greater Toronto Area of Ontario, Canada, and comprising an aggregate approximately 19,300 self-storage units and approximately 2.1 million net rentable square feet of storage space. Additionally, SST II will obtain the rights to acquire two self-storage facilities currently under contract with SSGT.
The merger is expected to close during the first quarter 2019.
