Jun. 17 at 8:51 PM
$SMA SmartStop Self Storage acquires five self-storage facilities in Houston area
SmartStop Self Storage REIT announced the acquisition of five Class A, high-quality self-storage properties strategically located throughout the Houston Metropolitan Statistical Area. The newly acquired portfolio features a diverse mix of multi- and single-story facilities that collectively offer more than approximately 420,000 net rentable square feet and approximately 3,800 storage units, including climate-controlled units and RV spaces.
Each facility is well-positioned within a high-demand submarket of Houston, benefiting from strong demographic profiles, high traffic visibility, and proximity to residential and retail development. "We commend Kathy and Scott Tautenhahn for developing a portfolio of such high-quality, well-located assets," said Wayne Johnson, President and Chief Investment Officer of SmartStop.
"These properties exemplify the type of institutional-grade investments that align with our long-term strategy-targeting high-growth markets with strong demographics and enduring demand. We're also grateful to Aaron Swerdlin with Newmark for his active involvement throughout the entire transaction process."
