Strategic Storage Trust Inc., a publicly registered, non-traded real estate investment trust that operates self-storage properties under the SmartStop Self Storage brand name, has purchased nine facilities in Alabama, Tennessee and Texas for approximately $64 million. The properties comprise about 710,000 net rentable square feet in 5,200 storage units.

We targeted these self-storage facilities due to their high occupancy levels and solid locations, said H. Michael Schwartz, chairman and CEO. Both portfolios are an ideal fit for our growing brand and strategy, allowing for continued expansion in these markets.

The five Texas facilities, referred to by the company as the Southwest portfolio, comprise approximately 390,000 square feet in 2,800 units and were acquired for a total purchase price of about $27 million. The properties are:

The other four properties, referred to by the company as the Southeast portfolio, comprise approximately 320,000 square feet in 2,400 units and were acquired for a total purchase price of about $37 million. The properties are:

Strategic Storage Trusts entire portfolio includes more than 120 facilities in 17 states and Canada that are branded as SmartStop Self Storage. The portfolio includes approximately 77,000 self-storage units and 10.2 million square feet of rentable storage space.