Real Estate - MARCH 26, 2020

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Strategic Storage Growth Trust II buys 970-unit self-storage facility 

by Released

Strategic Storage Growth Trust II, a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc., has acquired a 970-unit self-storage facility in Homestead, a suburb of Miami. 

“This is a newly constructed class A facility strategically located along U.S. Route 1, in the rapidly growing suburban market of Homestead, Florida,” said Wayne Johnson, CIO. “We expect the facility will bring value to our growing portfolio and provide significant demand given its accessibility, desirable amenities and high-quality construction. In these challenging times, we will continue to actively seek acquisitions and recapitalization opportunities throughout the U.S. and Canada.”

Located at 1235 Northeast 12th Ave., the four-building facility is situated on approximately 3.2 acres of land. The property has approximately 91,400 net rentabl

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