Self Storage Trust IV Acquires Six-Property Portfolio
Storage units and recreational vehicle spaces are included in the transaction.
HOUSTON, TX — Strategic Storage Trust IV, Inc. (SST IV) has recently acquired a six-property self storage portfolio primarily based in the Greater Houston area and College Station. Approximately 3,600 storage units and recreational vehicle spaces are included in the portfolio.
Housed on about 28.6 acres of land, there are +483,000 net rentable square feet which includes 3,400 units and 200 RV spaces. The facilities offers drive-up units, interior climate-controlled and non-climate-controlled units, enclosed RV parking, covered RV parking and open RV parking.
Constructed between 2002 and 2007, the portfolio has maintained a high occupancy rate.
SST IV is a public, non-traded REIT which owns 13 properties including 7,900 self storage units and 965,000 net rentable square feet of storage space.
SmartStop is a diversified real estate company which sponsors four REITs including SST IV.