Alberta & Prairies
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SmartStop Purchases Five Alberta Self-Storage Facilities
SmartStop Self Storage REIT has acquired five self-storage properties in Alberta, bringing its Canadian portfolio to 49 operating assets.
The properties are located in Edmonton, Sherwood Park, Red Deer County, Canmore and Cochrane, and add about 330,000 net rentable square feet and 2,770 storage units, with a mix of interior climate-controlled, heated and exterior drive-up options.
“This acquisition represents an important milestone for SmartStop as we expand our footprint in Western Canada,” said Michael Schwartz, chairman and CEO of SmartStop.
The acquired facilities serve a range of residential, suburban, rural and commercial communities.
“Alberta’s growing population and diverse markets create significant demand for high-quality storage, and we are confident these facilities will provide long-term value to both our customers and our shareholders,” said Schwartz
Ladera Ranch, Calif.-based SmartStop is an internally managed REIT that owns and operates self-storage facilities in Canada and the United States.
Photo: SmartStop
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