SmartStop Self Storage REIT Celebrates 200th Property Milestone

SmartStop Self Storage REIT Inc., a self-managed real estate investment trust, recently surpassed a company milestone: the addition of the 200th owned or managed property to its roster. The acquisition caps a period of remarkable growth since 2015. Through strategic expansion, SmartStop has become the 10th largest self-storage company in the United States and the largest owner and operator of storage facilities in Toronto, according to a press release.

“As we celebrate this monumental milestone, we also look to the future with excitement. SmartStop's continued success, reflected in the acquisition of our 200th owned or managed property, is a testament to the dedication of our team, the contributions of our partners, and the support of our customers and communities,” said H. Michael Schwartz, chairman and CEO. “We are humbled by this success and are eager to bring our passion for innovative storage solutions to even more locations in the U.S. and Canada.”

SmartStop owns or manages 200 self-storage facilities in 22 U.S. states, comprising 16 million rentable square feet. The company and its affiliates also own or manage 35 storage properties in Canada totaling 3.2 million rentable square feet.

Source: Morningstar, SmartStop Self Storage REIT, Inc. Celebrates 200th Property Milestone