Strategic Storage Trust VI acquires Ontario self-storage portfolio for CAD $262.5M in two phases

Strategic Storage Trust VI, Inc.

Phase one (North York) acquired Jan 31, 2023 for CAD $50.5M; phase two (six properties) acquired Jun 19, 2023 for CAD $212M.
Ontario Portfolio 2022 total revenue CAD $5.9M, net operating income CAD $3.13M.
Phase Two unaudited Q1 2023 revenue CAD $1.41M, net operating income CAD $0.84M.
Pro forma balance sheet reflects CAD $159.3M in real estate from Phase Two and CAD $33M from other 2023 deals.
Acquisition funded with CAD $108.3M secured debt and issuance of $148.5M Series B convertible preferred stock.

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