Inside Self-Storage is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

New Self-Storage REIT Registers $1B IPO

Article-New Self-Storage REIT Registers $1B IPO

Strategic Storage Trust Inc., a public, non-traded self-storage REIT, has registered a $1 billion initial public offering with the U.S. Securities and Exchange Commission.

Strategic Storage Trust Inc., a public, non-traded self-storage REIT, has registered a $1 billion initial public offering with the U.S. Securities and Exchange Commission. The SEC deemed the companys registration filing effective on March 17, after a four-and-a-half month period, according to Powell Goldstein LLP, the law firm that assisted in the filing.
 
Incorporated last August with plans to qualify as a REIT beginning with the taxable year ending Dec. 31, 2008, Strategic Storage is offering up to 1 million shares of common stock at $10 per share. Funds from the IPO will be used to build up the company's portfolio through investments in self-storage facilities and related self-storage real estate. Shares will be offered until March 17, 2010.

Strategic Storage, which currently owns no properties, plans to target markets across the United States and possibly internationally.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish