---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001484"
form_type: "8-K"
ticker: "SGST"
cik: "0001852575"
company_name: "Strategic Storage Trust VI, Inc."
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T05:44:11.025699+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SST VI acquires Toronto and Edmonton storage assets for CAD$50.5M+; secures $15M preferred equity and CAD$25M loan

## Summary
- Acquired Don Mills Property in Toronto for CAD$50.5M: 104,750 sq ft, 1,020 self-storage units, 275 parking spaces.
- Acquired first Edmonton, Alberta facility (~50,000 sq ft, 490 units), expanding beyond Ontario.
- Raised $15M via 600,000 Series A Preferred Units ($25/unit) from SmartStop affiliate at 7-10% distribution rates.
- Obtained CAD$25M non-revolving term loan from National Bank of Canada at ~6.36% (1-month CDOR+2.4%), 2-year term.
- Financed acquisitions through public offering proceeds, the preferred investment, and the loan; company serves as guarantor.

## SEC filing metadata
- accession: 0000950170-23-001484
- form_type: 8-K
- ticker: SGST
- cik: 0001852575
- company_name: Strategic Storage Trust VI, Inc.
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852575/000095017023001484/0000950170-23-001484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852575/000095017023001484/sstvi-20230127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001484
- JSON: https://secwatch.observer/filing/0000950170-23-001484.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001484.txt

## Key facts
- Debt Financings
  Strategic Storage Trust VI, Inc. incurred loan with National Bank at 1 month CDOR plus 2.4% maturing January 31, 2025.
  - Instrument: loan
  - Counterparty: National Bank
  - Rate: 1 month CDOR plus 2.4%
  - Maturity: January 31, 2025
  - Event: incurrence
  source text: As described in Item 1.01, above, on January 31, 2023, the Company entered into the Loan with National Bank. The Loan is secured by a first mortgage on the Don Mills Property. Pursuant to the loan agreement for the Loan (the “Loan Agreement”), the interest rate is equal to the 1 month Canadian Dollar Offered Rate ("CDOR"), plus 2.4%. As of the date of closing, the interest rate on the Loan was approximately 6.36%. The Loan also has an initial term of two years, maturing on January 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852575/000095017023001484/0000950170-23-001484-index.htm
- Material Agreements
  Strategic Storage Trust VI, Inc. entered into Series A Cumulative Redeemable Preferred Unit Purchase Agreement with a subsidiary of SmartStop (the "Preferred Investor") valued at $15 million (effective 2023-01-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: a subsidiary of SmartStop (the "Preferred Investor")
  - Value: $15 million
  - Effective: 2023-01-30
  source text: On January 30, 2023, the Company, its operating partnership (the “Operating Partnership”), and a subsidiary of SmartStop (the “Preferred Investor”) entered into a Series A Cumulative Redeemable Preferred Unit Purchase Agreement (the “Preferred Unit Purchase Agreement”) pursuant to which the Operating Partnership issued and sold to the Preferred Investor, and the Preferred Investor purchased 600,000 Series A Cumulative Redeemable Preferred Units of Limited Partnership Interest (the “Preferred Units”) at a liquidation preference of $25.00 per unit (the “Liquidation Amount”) in consideration for the Preferred Investor making a capital contribution to the Operating Partnership in an amount of $15 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852575/000095017023001484/0000950170-23-001484-index.htm
- Material Agreements
  Strategic Storage Trust VI, Inc. amended Amendment No. 1 to the Second Amended and Restated Limited Partnership Agreement of the Operating Partnership with the Company and the Operating Partnership (effective 2023-01-30).
  - Action: amendment
  - Agreement: collaboration
  - Counterparty: the Company and the Operating Partnership
  - Effective: 2023-01-30
  source text: On the same date, the Company and the Operating Partnership entered into Amendment No. 1 to the Second Amended and Restated Limited Partnership Agreement of the Operating Partnership (the “Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852575/000095017023001484/0000950170-23-001484-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.