Last year, Strategic Storage Trust, Inc closed on one of the most successful liquidity events ever for a non-traded REIT in the $1.4 billion merger of SmartStop Self Storage with Extra Space Self Storage. South Coast clients received almost a 40% premium on their shares on top of a 7% annualized dividend over the life of the program. Today, the opportunity in this space remains massive. Adding self-storage to a diversified portfolio can have a dramatic effect in reducing volatility while creating sustainable, recession-resistant income, ideal for retirees. In this meeting, we will discuss how owners of self-storage have the ability to raise rents aggressively while keeping expenses low, enabling this asset calls to be one of the best performing types of real estate to own over the past 40 years.
South Coast will be joined by Anthony Hazen to discuss Strategic Storage Trust II, Inc and Strategic Storage Growth Trust, Inc. Both companies have built upon the success of their predecessor and are well positioned moving forward. Collectively, these two portfolios now own 79 properties representing over $700 million in acquisitions. All properties are branded Extra Space Self-Storage, who manages the day to day operations. RSVP below to join us for lunch on Thursday, August 11th.