Strategic Storage Trust VI agreed to acquire Strategic Storage Growth Trust III in an all-stock merger valuing the combined platform at about $1.2 billion.
SSGT III holders will receive 1 share of SST VI Class A common stock per SSGT III share.
The deal adds 12 wholly owned self-storage facilities, a 50% stake in three Canadian ventures, and interests in DST programs with eight facilities.
Post-close ownership is expected to be about 59% for existing SST VI holders, about 38% for SSGT III holders, and about 3% for other unitholders.
Closing is targeted for the fourth quarter of 2026, subject to SSGT III shareholder approval and customary conditions.
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