Strategic Storage Trust II to Buy 27 Property Portfolio for $371 Million

April 5, 2016

Apr 04 2016 | by DI Wire

Strategic Storage Trust II Inc., a publicly registered non-traded real estate investment trust, signed multiple agreements to purchase a portfolio of 27 properties for approximately $371 million, plus closing costs and acquisition fees.

The portfolio consists of 22 self storage facilities (10 in Florida, 11 in North Carolina and one in Maryland), totaling 1.5 million square feet with 14,000 units. In addition, the REIT is purchasing four parcels of land adjacent to facilities in North Carolina and one redevelopment property in North Carolina.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.