This week’s investment is Strategic Storage Trust IV (SSIV) by SmartStop Asset Management.
SSIV is a publicly registered non-traded REIT formed to invest in income-producing and growth self-storage properties in the United States and Canada. At the end of the acquisition phase, SSIV anticipates that the portfolio will consist of approximately 75% income-producing and 25% growth properties, though the specific allocations may vary at a point in time. To execute SSIV’s income-producing investment strategy, the company will seek to purchase facilities located in primary and secondary markets with stabilized occupancy rates greater than 75%, but will have the opportunity for higher economic occupancy due to the property management capabilities of their property manager. To execute SSIV’s growth investment strategy, the company will seek to invest in assets that they believe may be developed, repositioned, or redeveloped so that they will reach an optimum value within three to five years from the termination of this offering.
The investment objectives are 1) to invest in income-producing and growth self-storage properties in a manner that allows SSIV to qualify as a REIT for federal income tax purposes, 2) Preserve and protect invested capital, and 3) Provide regular cash distributions to investors and achieve appreciation in the value of their properties and appreciation in stockholder value.