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Stock impact report

Argus Professional Storage Management, LLC to Combine with SmartStop Self Storage REIT, Inc. [Yahoo! Finance]

SmartStop Self Storage REIT, Inc. (SMA) 
Company Research Source: Yahoo! Finance
REIT, Inc. ("SmartStop") (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced a significant milestone in its growth strategy with the signing of a contribution agreement for Argus Professional Storage Management ("APSM"), the sixth largest (and second largest independent) self-storage third-party management company in the U.S., according to Inside Self Storage, to combine with SmartStop. Together, SmartStop and APSM will own or manage over 460 self-storage properties in North America. The transaction is expected to close in October 2025, subject to customary closing conditions. "We are very excited to announce this strategic combination, which expedites SmartStop's expansion into third-party management in a manner that we believe will be immediately accretive to SmartStop's FFO as Adjusted," said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. "Pe Show less Read more
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