Strategic Storage Growth Trust III, Inc. Completes New Acquisition in Houston Market
LADERA RANCH, Calif.--(BUSINESS WIRE)--Strategic Storage Growth Trust III, Inc. ('SSGT III'), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop'), is pleased to announce the acquisition of a Class A self-storage facility in Houston, Texas.
Located at 3130 Southwest Freeway, the newly acquired facility offers approximately 98,875 net rentable square feet in a 10-story building. This upscale facility features approximately 789 interior, climate-controlled units, 16 lockers, and 72 dedicated wine storage vaults. Positioned in an upscale area just 3.5 miles southwest of downtown Houston, it boasts prominent visibility along the U.S. 69 highway, which experiences approximately 236,461 vehicles daily.
The area within a three-mile radius boasts substantial household incomes and anticipates population growth of 8.2% over the next five years. This facility will serve the neighborhoods of Montrose, Upper Kirby, Midtown, Museum District, West University Place, and Greenway/Upper Greenway.
'This acquisition marks a strategic step forward in expanding our footprint into one of the nation's most dynamic and growing metropolitan areas,' said H. Michael Schwartz, CEO of SSGT III. 'This Class A facility enhances our portfolio with its prime location, modern features, and specialized offerings. We are confident it will meet the evolving needs of residents and businesses in the area while creating long-term value for our investors.'
About Strategic Storage Growth Trust III, Inc. (SSGT III):
SSGT III is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III's primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. As of June 23, 2025, SSGT III has a portfolio of thirteen operating properties in the United States, comprising approximately 10,420 units and 1,229,675 net rentable square feet; four operating properties in Canada, comprising approximately 2,380 units and 272,800 net rentable square feet; and joint venture interests in three developments in two Canadian provinces (Québec and British Columbia). In addition, a subsidiary of SSGT III serves as the sponsor of a Delaware Statutory Trust, which currently owns two operating properties in the United States comprising approximately 1,040 units and 123,000 net rentable square feet.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 23, 2025, SmartStop has an owned or managed portfolio of 228 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 163,500 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 42 operating self-storage properties in Canada, which total approximately 35,700 units and 3.6 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com
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