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Real estate industry

SmartStop Self Storage REIT, Inc. to Combine with Argus Professional Storage Management

Strategic Insights

— 1 min read

SmartStop Self Storage REIT, Inc., a premier owner and operator of self-storage facilities in the United States and Canada, has announced a significant milestone in its growth strategy with the signing of a contribution agreement for Argus Professional Storage Management (APSM), the sixth largest independent self-storage third-party management company in the U.S. The transaction is expected to close in October 2025, subject to customary closing conditions. The combination will create a powerful operating and management platform, offering storage owners a differentiated offering that is both flexible and powerful.

Key Takeaways:

  • SmartStop and APSM will own or manage over 460 self-storage properties in North America.
  • The transaction is expected to close in October 2025, subject to customary closing conditions.
  • SmartStop will continue to embrace APSM's entrepreneurial and collaborative approach to third-party management.
  • SmartStop will expand its offering to three distinct partnership options: SmartStop, SmartStop Legacy, and Full Private Label.
  • SmartStop will offer customized bridge lending opportunities, providing further flexibility and liquidity to its partners.
  • The combination creates a best-in-class operating and management platform with a strong reputation for integrity and performance within the self-storage industry.

Statistics:

  • 460 self-storage properties to be owned or managed by SmartStop and APSM in North America.
  • Sixth largest independent self-storage third-party management company in the U.S.: APSM.
  • Expected closing date for the transaction: October 2025.
  • Number of partnership options: 3 (SmartStop, SmartStop Legacy, and Full Private Label).
  • Number of self-storage facilities managed by APSM: Not specified.
  • Number of self-storage facilities managed by SmartStop: Not specified.

Sources:

  • SmartStop Self Storage REIT, Inc. (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada.
  • Inside Self Storage, a publication that provides industry insights and news.

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