UNLOCK THE POWER OF THE VAULT

Strategic Storage Trust IV Subsidiary to Purchase Seven Facilities in Texas

April 25, 2018

Strategic Storage Trust IV Subsidiary to Purchase Seven Facilities in Texas

April 24, 2018 | Beth Glavosek | Blue Vault

 

On April 18, 2018, a subsidiary of Strategic Storage Trust IV, Inc., entered into a purchase and sale agreement for the acquisition of a portfolio of seven self storage facilities in Texas. The purchase price for the properties is $58.5 million, plus closing and acquisition costs. The facilities contain a combined total of approximately 3,930 units.  Strategic Storage Trust IV expects the acquisition of the properties to close in the third or fourth quarter of 2018.
 
Strategic Storage Trust IV, Inc. began its public offering in March 2017.  As of December 31, 2017, the REIT owned two properties, comprising 127,000 square feet, that were 95% occupied.  The distribution yield on its Class A stock as of December 31, 2017, was 6.25% based on the $25.00 offering price.  As of December 31, 2017, the REIT did not have any third party indebtedness.  All cash distributions in 2017 were funded by offering proceeds.  

 

Learn more about SmartStop Asset Management on the Blue Vault Sponsor Focus page

Strategic Storage Trust IV Acquires 460-Unit Self Storage Facility in Riverside, California

SmartStop Asset Management, LLC Announces the Acquisition of a 760-Bed Student Housing Community Near University of South Carolina for $64.5 Million

Strategic Storage Growth Trust, Inc. Acquires 870-Unit Newly Constructed Self Storage Facility Near Miami, Florida

Print Friendly, PDF & Email
Go Back
Thomas E. Burns, III
July 29, 2015
February 22, 2016

I subscribe to Blue Vault to keep up with the sponsors and their wholesalers! The analysis keeps me up to date with the various portfolios and the way they are managed, including the differences between them.