(Mark Your Calendars: RealShare Orange County, August 18 in Newport Beach).

LADERA RANCH, CA-Locally based Strategic Storage Trust Inc. has acquired a new asset in its own backyard, a storage facility and adjacent land near the non-traded REIT’s headquarters. SSTI paid $20.9 million for the facility and an adjacent parcel of land for an aggregate of 7.3 acres located on Terrace Road near Antonio Parkway in Ladera Ranch.

H. Michael Schwartz, SSTI’s chairman and CEO, commented in a prepared statement: “This class A property in a class A market represents the face of our expanding portfolio. Since this flagship self-storage facility is located next to our corporate office, we will be utilizing this property for our training program in addition to conducting investor tours.”