This is the fifth purchase made by SSGT III since it launched in May 2022

May 23, 2023: Strategic Storage Growth Trust III Inc. (SSGT III), a private company sponsored by an affiliate of SmartStop Self Storage REIT Inc., acquired a three-story facility managed by real estate investment trust (REIT) CubeSmart in Eatontown, New Jersey. 

Built in 2022, the building at 97 State Route 35 comprises approximately 65,800 rentable square feet in 730 units. The seller was Merchants Retail Partners, a development and acquisition-investment platform owned by Protective Life Insurance Corp. This is the fifth purchase made by SSGT III since it launched in May 2022. The company’s portfolio comprises 487,400 rentable square feet in 4,400 units.

Source: https://www.insideselfstorage.com/asia/i-store-self-storage-thailand-partners-hospitality-firm-ascott-ltd