LAS VEGAS-Orange County, CA-based Strategic Storage Trust Inc. has acquired its third property in the Las Vegas market, a 700-unit facility in North Las Vegas. The non-traded REIT, which specializes in the self-storage industry, will says that it will rebrand the property with its SmartStop name.

H. Michael Schwartz, SSTI’s chairman and CEO, commented regarding the acquisition: “This is a newer building in a market that we see as having long-term potential as the economy recovers because of its historic strong population growth, a favorable climate for business and a greater average regional income than the rest of the country.” SSTI, based in Ladera Ranch, CA, plans on continued expansion in the Las Vegas market, Schwartz said.

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