Strategic Storage Growth Trust III, Inc. Acquires Class A Self-Storage Facility in Vancouver, British Columbia
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 located at 1305 East 7th Avenue in Vancouver, British Columbia.
This five-level, purpose-built facility offers approximately 52,400 net rentable square feet and features 790 climate-controlled interior units, five drive-up units, and five underground parking stalls. It includes two elevators for convenient customer access and is located in a dense residential area with strong household incomes and projected population growth of approximately 8% over the next five years.
With visibility to roughly 25,000 vehicles per day, the facility is well-positioned to meet demand from both residents and local businesses across Grandview-Woodland, Mount Pleasant, Strathcona, Hastings-Sunrise, Kensington-Cedar Cottage, Renfrew-Collingwood, and Riley Park.
Adding to the strength of this acquisition is the City of Vancouver's increasingly restrictive stance on new self-storage development. Recent zoning changes limit the ability to build new facilities, particularly in transit-oriented and industrial zones, making approved, purpose-built assets like this one both rare and highly valuable in the market.
'This facility is a rare find in a highly constrained market and aligns perfectly with our strategy of acquiring well-located, high-quality assets in dense, growing urban areas,' said H. Michael Schwartz, CEO of SSGT III. 'With Vancouver's tightening development restrictions and strong demographic trends, we believe this property is well-positioned to deliver long-term value.'
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 25, 2025, SSGT III has a portfolio of 13 operating properties in the United States, comprising approximately 10,420 and 1,229,675 net rentable square feet; five operating properties in Canada, comprising approximately 3,170 units and 325,190 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 25, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
an hour ago
- Business Wire
Alaska Commissioner of Revenue Adam Crum and Prospr Aligned Announce Launch of The Frontier Economic Fund (NYSE: AKAF)
ANCHORAGE, Alaska--(BUSINESS WIRE)--Alaska, long known as America's last frontier, is stepping into a new era of economic leadership. Today, Alaska Commissioner of Revenue Adam Crum, in partnership with Prospr Aligned, announced the launch of The Frontier Economic Fund (NYSE: AKAF), a new investment vehicle focused on companies driving sustainable growth, local job creation, and long-term investment across Alaska. 'There's a real alignment happening between Alaska's strengths and the country's needs,' Crum added. 'This fund creates a bridge between that momentum and people who want to support it.' Share 'Alaska, America's resource powerhouse, is now positioned as a critical solution for national priorities like energy security and supply chain resilience with the launch of The Frontier Economic Fund,' said Commissioner Crum. 'AKAF represents a fundamental shift, prioritizing our top economic sectors including energy development, mining, tourism, cargo, transportation, and retail that make Alaska's economy robust and prosperous. The more than 130 companies initially included in the index have prioritized local employment, local investment, and long-term strategic importance for the state. This fund is about telling Alaska's story to more people and inviting them to help shape what comes next.' Alaska added 7,700 jobs in 2024, surpassing expectations and returning to pre-pandemic employment levels. Construction employment is up 25 percent since 2019, and the energy sector is regaining strength. The Frontier Economic Fund highlights these trends by tracking 137 companies with meaningful operations, workforce presence, and capital investment in the state. 'There's a real alignment happening between Alaska's strengths and the country's needs,' Crum added. 'This fund creates a bridge between that momentum and people who want to support it.' As part of the team behind the fund, Prospr Aligned views the launch as a moment of opportunity not just for investors, but for Alaskans. Vident Asset Management is the ETF fund asset manager and index creator. 'Alaska has always delivered for the country. Now we are offering a way for Alaskans, and anyone who believes in the state's potential, to invest back into the future of this incredible region,' said Derek Kreifels, CEO of Prospr Aligned. The Frontier Economic Fund launched on June 25, with an NYSE bell-ringing scheduled for July 2. To learn more, visit At Prospr Aligned, our mission is to empower investors to align their investments with their values—taking back control and amplifying their voice to ensure capital is used with integrity, not ideology. As a leading consulting partner for institutional investors, we deliver tailored business solutions that reflect client's values without compromising fiduciary excellence. We believe true prosperity is built on alignment—where every dollar reflects your values and where fiduciary duty is upheld. In short, we work to focus investors capital on returns, not politics.
Business Wire
2 hours ago
- Business Wire
HIMS CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Hims & Hers Health, Inc.
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces that it has filed a class action lawsuit in the United States District Court for the Northern District of California, captioned Sookdeo v. Hims & Hers Health, Inc., et al., Case No. 3:25-cv-05315, on behalf of persons and entities that purchased or otherwise acquired Hims & Hers Health, Inc. ('Hims' or the 'Company') (NYSE: HIMS) securities between , inclusive (the 'Class Period'). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the 'Exchange Act'). HIMS CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Hims & Hers Health, Inc. Share Investors are hereby notified that they have until 60 days from this notice to move the Court to serve as lead plaintiff in this action. IF YOU SUFFERED A LOSS ON YOUR HIMS INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT. What Happened? On April 29, 2025, Hims announced a long-term collaboration with Novo Nordisk, starting with the immediate sale of 'a bundled offering of Novo Nordisk's FDA-approved Wegovy on the Hims & Hers platform.' On June 23, 2025, before the market opened, Novo Nordisk issued a press release announcing that it was terminating its partnership with Hims, 'based on Hims & Hers deceptive promotion and selling of illegitimate, knockoff versions of Wegovy that put patient safety at risk.' The press release stated that Hims 'has failed to adhere to the law which prohibits mass sales of compounded drugs under the false guise of 'personalization.'' The press release further stated '[b]ased on Novo Nordisk's investigation, the 'semaglutide' active pharmaceutical ingredients that are in the knock-off drugs sold by telehealth entities and compounding pharmacies are manufactured by foreign suppliers in China' which 'FDA has never authorized or approved' and which may contain 'unsafe and illicit foreign ingredients.' On this news, the Company's share price fell $22.24, or 34.6%, to close at $41.98 per share on June 23, 2025, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Hims was engaged in the 'deceptive promotion and selling of illegitimate, knockoff versions of Wegovy that put patient safety at risk;' (2) that, as a result, there was a substantial risk that the Company's collaboration with Novo Nordisk would be terminated; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Contact Us To Participate or Learn More: If you purchased Hims securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please HERE or contact us at: Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Telephone: 310-914-5007 Email: info@ Visit our website at: This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Hamilton Spectator
2 hours ago
- Hamilton Spectator
TransLink rides into the craft beer scene with the ‘Platform Pilsner,' a limited-edition brew made at Patina Brewing in Port Coquitlam
TransLink has officially boarded the craft beer train with the Platform Pilsner, a limited-edition Canadian brew created in collaboration with Patina Brewing Co. in Port Coquitlam. Unveiled at a press conference at Patina's brewery on Thursday, the TransLink-themed beer is being marketed as a distinctly Canadian craft pilsner, brewed with 100 percent Canadian ingredients and branded with a West Coast Express-inspired can design. 'This is a first for us,' said Anita Bathe, senior manager of media relations and issues management at TransLink. 'We partnered with Patina by sharing our branding and creative assets, and together we've brought to life the Platform Pilsner.' The purple-can design features rail-inspired graphics and nods to the regional transit system. Bathe said the collaboration is meant to reflect shared values between the brewery and the transit authority. Bathe emphasized the product's national identity. 'It was important that this beer not only tasted great, but that it also stood for something. That something is local pride, Canadian quality, and community connection,' she said. The Platform Pilsner will be available in four-packs at Patina Brewing and at select BC Liquor Stores across Metro Vancouver, just in time for the Canada Day long weekend. Only 1,500 packs have been produced, but Bathe did not rule out making more if Patina sells out. For Patina Brewing, the collaboration was a natural fit. 'We were super thrilled when TransLink reached out to us,' said Sarah Harbord, Patina's director of operations. 'We love doing collaborations. We love reaching out. We do a lot of volunteer fundraisers with other organizations. When TransLink called us, we absolutely said yes.' Head brewer Jose Rojas described the beer as Patina's own twist on a Canadian pilsner. 'We brew it nice and cold, we rest it nice and long, it's super crisp and clean, and we use some modern dry hopping techniques,' he said. 'It's not a regular lager, it's not a regular pilsner—it's a Canadian pilsner.' Rojas said the beer brings together ingredients from across the country. 'We have ingredients from Alberta, we have ingredients from Quebec, and we also have ingredients grown right here in B.C,' he said, adding the water is sourced from the Coquitlam watershed. When asked why a transit agency would venture into beer, Bathe pointed to TransLink's broader strategy to diversify its revenue streams. 'We're always looking for new ways to generate revenue that isn't from fares,' she said. 'We want it to be fun and creative and really connect to our local community, so this was the perfect fit at the right time.' Bathe added that TransLink is open to more product collaborations in the future: 'Everything that comes to the table will be looked at to make sure that it aligns with our brand and values. If there are ideas and local businesses want to collaborate, we will definitely look at what that could look like.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
