Strategic Storage Trust VI Completes Merger with Strategic Storage Growth Trust III, Creating a Billion Dollar Self-Storage REIT
Portfolio grows to 37 wholly-owned facilities, nearly 30,000 units and 3.2 million square feet across ten states and three Canadian provinces
LADERA RANCH, CALIF. – November 2, 2026 – Strategic Storage Trust VI, Inc. (“SST VI” or the “Company”), a public non-traded REIT sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), today announced the successful completion of its transformational merger with Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private REIT also sponsored by an affiliate of SmartStop. The all-stock transaction, which values SSGT III’s real estate portfolio at approximately $500 million, unites two SmartStop-sponsored REITs into a single, significantly larger company with over a billion in total assets.
The merger dramatically expands SST VI’s size and reach. In a single transaction, the Company has added 12 wholly-owned facilities, grown its unit count by roughly 45%, and extended its U.S. footprint from seven states to ten with its entry into California, New Jersey and Texas. SST VI also gains three new joint venture interests in British Columbia and Québec and beneficial interests in three Delaware Statutory Trust programs that own eight properties consisting of approximately 5,370 units and nearly 0.7 million net rentable square feet. That added scale is expected to unlock meaningful efficiencies, including economies of scale across a larger asset base, and streamlined operations driven by the strong geographic overlap and shared SmartStop® Self Storage branding of the two portfolios.
“Today is a milestone day for SST VI and SSGT III stockholders, who now share ownership of a larger, stronger company,” said H. Michael Schwartz, President and Chief Executive Officer of SST VI. “This merger transforms the size and scale of our company. With 37 wholly-owned facilities and over a billion dollars in total assets, we are positioned to operate more efficiently, borrow on better terms and pursue growth from a position of strength. Because these properties were already on the SmartStop platform, the transition will be seamless for our customers, and we could not be more excited about what this combined company can achieve.”
Schwartz added, “I want to thank our broker-dealer and RIA partners, who once again trusted SmartStop to invest their clients’ capital, and the investors who placed their confidence in us. Their support made it possible to build this truly incredible portfolio, making SST VI the third REIT with more than $1 billion in assets created by our management team and its affiliates. That is a testament to the strength of our partnership and the platform we have built together.”
SSGT III stockholders received one share of SST VI Class A common stock for each SSGT III share and are expected to benefit from a distribution rate more than 20% higher following the merger.