Saturday, July 29, 2017

Strategic Storage Growth Trust, Inc. Acquires Newly Constructed Self Storage Facility Near Charleston, SC

H. Michael Schwartz
CHARLESTON, S.C. –– Strategic Storage Growth Trust, Inc. (“SSGT”), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC, announced its purchase of a 500-unit, newly-constructed self storage facility in the Charleston, South Carolina suburb of Mount Pleasant for $5.7 million.

“This modern self storage facility is 100 percent climate controlled and easily accessible to renters via Interstate 526 and other heavily trafficked thoroughfares,” said H. Michael Schwartz, chairman and chief executive officer.

“The property presents an opportunity to add significant value to the portfolio of Strategic Storage Growth Trust as our professional management team leases up the facility, which is currently approximately 16 percent leased. This acquisition fits our investment strategy, which is to acquire attractive value-add opportunities.”

Located at 701 Wando Park Blvd., the three-story structure is situated on approximately 1.5 acres of land and includes roughly 48,000 rentable square feet.

With this latest acquisition, the portfolio of SSGT is now comprised of more than 12,900 self storage units in 9 states.

For a complete copy of the company’s news release, please contact:

Julie Leber
Damon Elder
Spotlight Marketing Communications
949.427.5172, ext. 703
949.427.5172, ext. 702

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