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SmartStop Packing More Self-Storage Units into One REIT as Industry Ownership Consolidates

SmartStop Asset Management is rolling two of its non-traded REITs into one. Image Credit: Strategic Storage Trust II. Strategic Storage Trust II agreed to acquire its affiliated but smaller Strategic Storage Growth Trust for $340 million, extending the trend of consolidation within the self-storage sector as property values soar. SmartStop Asset Management of Ladera Ranch, California, sponsors and manages both non-traded real estate investment…

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