Strategic Storage Growth Trust III expands Canadian portfolio with Alberta acquisition

Strategic Storage Growth Trust III, Inc. (SSGT III), a private real estate investment trust (REIT) sponsored by an affiliate of SmartStop Self Storage REIT, Inc., has announced the acquisition of a premier self-storage facility in Edmonton, Alberta. This move represents a strategic step in SSGT III’s mission to expand its footprint within the Canadian self-storage market, underscoring its focus on meeting the growing demand for modern and efficient storage solutions.

Located at 14135 128 Ave NW in Edmonton, the newly acquired Class A self-storage facility spans approximately 65,200 net rentable square feet. It comprises 480 interior climate-controlled units in a single-story building, along with two additional buildings featuring approximately 80 drive-up units. This property offers superior accessibility via St. Albert Trail and Yellowhead Trail, two of Edmonton’s busiest roadways. These thoroughfares not only connect to major residential and commercial districts but also provide exposure to over 80,000 daily commuters, positioning the site as an ideal addition to SSGT III’s self-storage industry portfolio.

Serving neighborhoods such as Hudson, Kensington, and Northwest Edmonton, the property is tailored to meet local demand in a region known for its above-average household incomes. This acquisition highlights SSGT III’s ability to target high-value locations, reinforcing its leadership in the Canadian self-storage market.

SSGT III’s CEO and President, H. Michael Schwartz, underscored the strategic importance of the acquisition, stating that the company remains dedicated to growing its presence in Canada. By entering the greater Edmonton area with this new self-storage facility, Schwartz noted that SSGT III is enhancing its ability to deliver unmatched convenience and security to customers while further solidifying its reputation as a leader in the self-storage industry.

A Strong Foundation in Self-Storage Investments

Strategic Storage Growth Trust III continues to focus on acquiring and developing growth-oriented self-storage facilities across North America. As of December 18, 2024, its portfolio includes six properties in the United States and three in Canada, comprising over 740,000 rentable square feet. In addition, SSGT III holds joint venture interests in two development projects in Québec and British Columbia, further expanding its footprint in the Canadian self-storage market.

The trust’s parent company, SmartStop Self Storage REIT, Inc., plays a vital role in supporting its expansion efforts. With 206 properties across 22 U.S. states and four Canadian provinces, SmartStop manages approximately 145,700 units and over 16.4 million rentable square feet. Of these, 38 properties are located in Canada, representing over 3.4 million rentable square feet and reinforcing SmartStop’s standing as a leader in the self-storage industry.

This Edmonton, Alberta acquisition aligns seamlessly with SSGT III’s overarching strategy of investing in high-demand locations with strong market fundamentals. By securing this prime self-storage facility, the trust ensures it can cater to both urban and suburban markets while capitalizing on rising demand for premium storage solutions.

About Strategic Storage Growth Trust III, Inc.

Strategic Storage Growth Trust III operates as a Maryland-based REIT, focusing on federal income tax-qualified investments in self-storage facilities. Its mission is to identify and invest in high-potential properties across the United States and Canada, offering growth-oriented returns for its stakeholders.

About SmartStop Self Storage REIT, Inc.

SmartStop Self Storage REIT, Inc., headquartered in California, is a self-managed REIT with a fully integrated operational structure. Employing over 525 storage professionals, SmartStop oversees an extensive portfolio in North America, including properties branded under the SmartStop® Self Storage name. With a focus on quality, innovation, and customer satisfaction, SmartStop has established itself as a frontrunner in the self-storage industry, providing cutting-edge storage solutions to meet diverse consumer needs.