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Stock impact report

Storage Ventures Expands Footprint with Self Storage Portfolio Acquisition in Upstate NY

SmartStop Self Storage REIT, Inc. (SMA) 
Company Research Source: Business Wire
The six asset portfolio, spanning over 285,000 SF, triples the company’s holdings in the Northeast GREENWICH, Conn.--(BUSINESS WIRE)--Storage Ventures, a vertically integrated real estate investment management platform focused on self storage and related sectors, today announced the acquisition of five self storage assets totaling approximately 273,000 square feet and one 12,000-square foot retail center in Watertown and Evans Mills, NY. The acquisition marks a significant expansion for the emerging investment manager, tripling the size of its existing portfolio to nine assets across New York, New Hampshire and Massachusetts.The transaction was supported in part by an investment from publicly traded self storage specialist SmartStop Self Storage REIT (NYSE: SMA).The Watertown Metropolitan Area lies along I-81, a major throughfare connecting Syracuse, NY, and Kingston, Ontario, Canada. The area is an attractive market for real estate investment due to its strong quality of life driv Show less Read more
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