Strategic Storage Trust VI, Inc. and Strategic Storage Growth Trust III, Inc. to Combine in All-Stock Merger

The merger between Strategic Storage Trust VI, Inc. and Strategic Storage Growth Trust III, Inc. will create a larger real estate investment trust with a portfolio of 37 properties, eight joint ventures, and interests in three DST programs. The combined entity, still under the SmartStop Self Storage banner, aims to leverage economies of scale and enhance operational efficiencies. This consolidation could significantly impact the self-storage industry by increasing market presence and potentially driving down operational costs through shared services and resources. It's a strategic move that underscores the industry's consolidation trend, likely leading to more competitive pricing and improved service offerings.