M&A
confidence high
sentiment neutral
materiality 0.70
Strategic Storage Trust VI signs agreement to acquire CAD$212M Ontario self-storage portfolio
Strategic Storage Trust VI, Inc.
- Aggregate purchase price of CAD$212 million for six self-storage facilities in Ontario, Canada.
- Expected to close in Q2 2023; subject to financing, due diligence, and no material adverse changes.
- Up to approximately CAD$10.6 million in earnest money may be forfeited if acquisition fails under certain circumstances.
- Acquisition to be funded with proceeds from public offering, Series B Convertible Preferred Stock, and debt financing.