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Real estate investment trusts

SmartStop Self Storage REIT Celebrates 200th Acquisition Milestone

Strategic Insights

— 1 min read

SmartStop Self Storage REIT, a self-managed and fully integrated self-storage company, has achieved a significant milestone with the acquisition of its 200th owned or managed property. This achievement cements SmartStop's position as the 10th largest self-storage company in the United States and the largest owner and operator in the Greater Toronto Area of Canada. The company's commitment to providing exceptional self-storage solutions and delivering superior customer service has earned it numerous accolades, including recognition from Newsweek/Statista and Reputation 800 for outstanding customer service. SmartStop's dedication to sustainability has also been recognized by the SEIA and American Business Awards for its solar power initiatives.

Key Takeaways:

  • SmartStop Self Storage REIT has acquired its 200th owned or managed property, solidifying its position as the 10th largest self-storage company in the United States and the largest owner and operator in the Greater Toronto Area of Canada.
  • The company has a portfolio of 200 operating properties in 22 states and Canada, comprising approximately 141,000 units and 16.0 million rentable square feet.
  • SmartStop's commitment to customer service has earned it recognition from Newsweek/Statista and Reputation 800, while its dedication to sustainability has been recognized by the SEIA and American Business Awards.
  • The company has a growing operations team of approximately 500 self-storage professionals focused on growing the SmartStop Self Storage brand.
  • SmartStop and its affiliates own or manage 35 operating self-storage properties in Canada, totaling approximately 30,700 units and 3.2 million rentable square feet.

Statistics:

  • 200: The number of owned or managed properties acquired by SmartStop Self Storage REIT.
  • 141,000: The approximate number of units in SmartStop's portfolio of 200 operating properties.
  • 22: The number of states in the United States in which SmartStop owns or manages properties.
  • 4: The number of Canadian provinces in which SmartStop owns or manages properties.
  • 500: The number of self-storage professionals in SmartStop's growing operations team.
  • 16.0 million: The approximate amount of rentable square feet in SmartStop's portfolio of 200 operating properties.
  • 3.2 million: The approximate amount of rentable square feet in the 35 operating self-storage properties SmartStop and its affiliates own or manage in Canada.

Sources:

  • https://www.businesswire.com/news/home/20240731866483/en/
  • SmartStop Self Storage REIT, Inc. ("SmartStop"), a self-managed REIT with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop[R] Self Storage brand.

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