Strategic Storage Trust VI to Acquire SSGT III in $1.2B All-Stock Merger
Strategic Storage Trust VI, Inc. (SST VI) announced a definitive agreement to acquire Strategic Storage Growth Trust III, Inc. (SSGT III) in an all-stock merger, expected to close in the fourth quarter of 2026. The transaction will create a combined company with an estimated total asset value of approximately $1.2 billion and a portfolio of 37 wholly-owned self-storage facilities. The merger, unanimously approved by both companies' boards, aims to enhance scale, operating efficiencies, and strategic flexibility for stockholders.
Key Highlights
- SST VI to acquire SSGT III in an all-stock merger, expected to close in Q4 2026.
- Combined company will have an estimated total asset value of approximately $1.2 billion.
- Combined portfolio to include 37 wholly-owned facilities, 29,415 units, and 3.2 million net rentable sq ft.
- SSGT III stockholders will own approximately 38% of the combined company.
- SSGT III contributes 12 wholly-owned facilities (9,215 units, 1.0M sq ft) and 3 DST programs (8 facilities, 5,370 units, 694,800 sq ft).
- SSGT III also contributes 50% equity interest in 3 unconsolidated real estate ventures.
- SSGT III has a 42-day "window shop" period for alternative acquisition proposals.
Price Impact
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