Latest news with #realestateinvestmenttrust
National Post
9 hours ago
- Business
- National Post
SmartStop Self Storage REIT, Inc. Acquires Five Premium Self-Storage Facilities in the Houston Metropolitan Area
Article content LADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the acquisition of five Class A, high-quality self-storage properties strategically located throughout the Houston Metropolitan Statistical Area. Article content The newly acquired portfolio features a diverse mix of multi- and single-story facilities that collectively offer more than approximately 420,000 net rentable square feet and approximately 3,800 storage units, including climate-controlled units and RV spaces. Each facility is well-positioned within a high-demand submarket of Houston, benefiting from strong demographic profiles, high traffic visibility, and proximity to residential and retail development. Article content The newly acquired properties are located at: Article content 2412 W Holcombe Blvd, Houston, Texas 21836 Holzwarth Rd, Spring, Texas 9040 Louetta Rd, Spring, Texas 32620 FM2978, Magnolia, Texas 18250 Interstate 45 S, Shenandoah, Texas Article content These facilities will serve a range of high-demand neighborhoods and communities, including West University Place, Braeswood Place, and the Texas Medical Center in central Houston; Gleannloch Farms, Spring Creek Oaks, and Old Town Spring in northern Spring; as well as affluent suburban areas such as The Woodlands, Shenandoah, Magnolia, and NorthGrove. Many of these communities have experienced sustained population growth, increasing the need for convenient, secure, and modern storage solutions. Article content 'We commend Kathy and Scott Tautenhahn for developing a portfolio of such high-quality, well-located assets,' said Wayne Johnson, President and Chief Investment Officer of SmartStop. 'These properties exemplify the type of institutional-grade investments that align with our long-term strategy—targeting high-growth markets with strong demographics and enduring demand. We're also grateful to Aaron Swerdlin with Newmark for his active involvement throughout the entire transaction process.' Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content 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 17, 2025, SmartStop has an owned or managed portfolio of 227 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 162,700 units and 18.3 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 Article content Article content Article content Article content
National Post
15-05-2025
- Business
- National Post
RioCan Real Estate Investment Trust Announces May 2025 Distribution
Article content TORONTO — RioCan Real Estate Investment Trust ('RioCan') (TSX: today announced a distribution of 9.65 cents per unit for the month of May. The distribution will be payable on June 6, 2025, to unitholders of record as at May 30, 2025. Article content Article content About RioCan RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit Article content Article content Article content Article content Contacts Article content
