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Strategic Storage Growth Trust Acquires Newly Built Self-Storage Facility in Las Vegas

Strategic Storage Growth Trust Inc. (SSGT), a public, non-traded, self-storage real estate investment trust (REIT) sponsored by SmartStop Asset Management LLC, has acquired a newly constructed storage facility in Las Vegas. The property at 6888 N. Hualapai Way comprises 73,000 square feet in 569 units, according to a press release.

The site includes computerized gate and lobby access, drive-up and air-cooled units, elevators, perimeter fencing, LED lighting, wide driveways, and video cameras.

"This facility is located adjacent to the Bruce Woodbury Beltway in Northwest Las Vegas and next to a newly built grocery-anchored retail center," said Wayne Johnson, chief investment officer. "The property is one of our Certificate-of-Occupancy transactions we have underway, and we believe is well-suited for our portfolio."

The SSGT portfolio includes 28 self-storage facilities in Canada and the United States comprising approximately 2.1 million net rentable square feet in 19,000 units. The REIT is sponsored by SmartStop, a diversified real estate company with a managed portfolio of 126 self-storage facilities in Canada and the United States. Its managed properties comprise approximately 9.3 million rentable square feet.

PR Newswire, Strategic Storage Growth Trust Inc. Acquires Newly Constructed Self Storage Facility Near Las Vegas Beltway

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