Strategic Storage Growth Trust III makes first acquisition

Strategic Storage Growth Trust III (SSGT III), a private company that intends to qualify as a real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, has announced the acquisition of two self-storage facilities in The Villages in Florida. The Wildwood-Lady Lake portfolio represents the premier acquisition for SSGT III since it launched in May 2022.

“We are extremely excited to enter The Villages market with the Lady Lake and Wildwood facilities,” said Wayne Johnson, CIO of SSGT III. “This portfolio offers a solid opportunity to enter a high-growth market in central Florida, and we expect that the addition of institutional management and marketing to these properties will have a positive impact for stockholders.”

Located at 175 Rolling Acres Road, the Lady Lake facility consists of nine single-story buildings with approximately 90,000 square feet of rentable space and 750 units with a mix of interior climate-controlled units, clima