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SSTI Acquires Sixth Florida Location

FT. LAUDERDALE, FL-Strategic Storage Trust Inc. bought an 1,000-unit self-storage facility in Davie for an undisclosed sum.

By Hortense Leon | Updated on July 15, 2010

FT. LAUDERDALE, FL-Strategic Storage Trust Inc. a publicly-registered, non-traded REIT, based in Ladera Ranch, CA, purchased a 1,040-unit, self- storage facility in Davie, west of Ft. Lauderdale. The REIT owns 35 self-storage facilities in 14 states, including Maryland, Florida, North Carolina, South Carolina, Nevada, Arizona and California. The seller was not disclosed.

“We will continue to focus on major metros like the South Florida market which offers tremendous long-term value at today’s prices,” says H. Michael Schwartz, SSTI’s chairman and CEO. The REIT did not disclose the price of the facility.

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