Strategic Storage Trust VI, Inc. Acquires Land for the Development of A 1,200 Unit Self Storage Facility in the Greater Toronto Area
April 20, 2021 at 08:00 am EDT
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Strategic Storage Trust VI Inc., a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc. announced the acquisition of approximately 2.7 acres of land in the Weston neighborhood of Toronto, Ontario, Canada in a joint venture partnership with SmartCentres. The land will serve as the development site for an approximately 1,200-unit self storage facility. Located at 1480 Jane Street, the planned six storey facility is expected to encompass nearly 99,000 net rentable square feet of 100% climate-controlled self storage with a mix of drive-up and interior units. This location provides direct visibility from GO Train and UPX rail corridor. This facility will serve the communities of Weston Village, Keelesdale, Richview, Mt Dennis, Amesbury, Westmount and Royal York Garden.
SmartCentres Real Estate Investment Trust (the Trust) is a Canada-based fully integrated real estate investment trust. The Trust develops, leases, constructs, owns and manages shopping centers, office buildings, high-rise and low-rise condominiums and rental residences, seniorsâ housing, townhome units, self-storage rental facilities, and industrial facilities in Canada. It is focused on development, ownership, management and operation of investment properties located in Canada. The Trust portfolio features approximately 191 strategically located properties in communities across the country. The Trustâs subsidiaries include Smart Limited Partnership, Smart Limited Partnership II, Smart Limited Partnership III, Smart Limited Partnership IV, Smart Oshawa South Limited Partnership, Smart Oshawa Taunton Limited Partnership, Smart Boxgrove Limited Partnership, ONR Limited Partnership, ONR Limited Partnership I, and SmartVMC West Limited Partnership.
SMARTCENTRES REAL ESTATE INVESTMENT TRUST 
