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Stock impact report

Blue Door Property I, DST Fully Subscribes $29 Million All-Cash Self-Storage DST Offering

SmartStop Self Storage REIT, Inc. (SMA) 
Company Research Source: Business Wire
LADERA RANCH, Calif.--(BUSINESS WIRE)--Blue Door AM I, LLC, an indirect subsidiary of Strategic Storage Growth Trust III, Inc. (“SSGT III”), and an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), announced that its Delaware Statutory Trust offering, Blue Door Property I, DST is now fully subscribed.The offering, which provided accredited investors with the opportunity to participate in institutional-quality self-storage assets through a 1031 exchange or direct cash investment, reached its maximum equity raise of $29.75 million. Blue Door Property I, DST is part of SmartStop’s growing platform of tax-advantaged real estate programs designed to deliver income potential, portfolio diversification, and capital preservation.“The full subscription of Blue Door Property I, DST underscores the growing demand for tax-deferred solutions among commercial exchange buyers and the appeal of institutional-quality self-storage investments for Main Street investors,” said Show less Read more
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