Strategic Storage Trust VI, Inc. (SST VI), a publicly registered non-listed real estate investment trust, has announced the opening of its second self-storage facility in the Greater Montréal Area. The announcement, issued from Ladera Ranch, California, signifies a strategic expansion within the Canadian market for the company.
SST VI operates as a publicly registered non-listed real estate investment trust, a structure that allows it to invest directly in real estate assets, primarily within the self-storage sector. The company is sponsored by an affiliate of SmartStop Self Storage REIT, Inc., which is a publicly traded entity on the New York Stock Exchange under the ticker symbol SMA. This sponsorship provides SST VI with established industry expertise and operational backing.
This latest development is a collaborative effort, undertaken in partnership with SmartCentres, a prominent Canadian real estate investment trust. SmartCentres is publicly traded on the Toronto Stock Exchange with the ticker symbol SRU.UN, highlighting its significant presence and investment in Canadian commercial real estate. The partnership leverages the strengths of both U.S. and Canadian real estate entities to facilitate market entry and development.
The inauguration of this new facility marks SST VI’s second self-storage property to commence operations in the Greater Montréal Area. This targeted expansion underscores a deliberate strategy by the Company to deepen its presence in the region, reflecting ongoing investment in the self-storage segment. The move highlights the strategic deployment of capital by SST VI and its partners to grow its operational footprint and portfolio of income-producing assets.
