secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K/A
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0000950170-23-032977
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.25
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023032977/0000950170-23-032977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023032977/sstvi-20230615.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-032977

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