07/15/2025 – 07:19 PM
LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Growth Trust III (SSGT III), through its indirect subsidiary Blue Door AM I, LLC, and in partnership with SmartStop Self Storage REIT (SmartStop, NYSE: SMA), is launching Blue Door Property II, DST (Blue Door II), a new Delaware Statutory Trust (DST) investment vehicle, CNBC has learned.
Blue Door II aims to tap into the lucrative self-storage market, offering accredited investors a chance to diversify their portfolios with a trio of strategically located, debt-free, institutional-grade properties. These facilities are situated in high-growth areas: Orlando, Florida; and Pasadena and Corinth, Texas. The Orlando location boasts roughly 680 units and 97,300 net rentable square feet. Pasadena adds approximately 840 units sprawling across 106,600 net rentable square feet, while Corinth offers some 770 units encompassing 97,100 net rentable square feet.
The offering seeks to raise approximately $64.8 million from accredited investors. The strategic focus is on markets exhibiting robust growth potential across the United States. The DST structure aims at providing tax advantages, allowing investors, especially those utilizing 1031 exchanges, to defer capital gains taxes as they reinvest in professionally managed self-storage assets. Historically, self-storage has proven to be a resilient real estate sector, even during economic downturns—demonstrating impressive occupancy rates and steady income streams.
“The Blue Door II DST program underscores our dedication to providing retail investors access to professionally managed, institutional-caliber self-storage properties, ” said H. Michael Schwartz, CEO of SSGT III. “SmartStop’s expanding presence throughout North America is a testament to our operational prowess and the power of our brand, which continues to resonate with both customers and investors.”
About Strategic Storage Growth Trust III, Inc. (SSGT III):
SSGT III, a Maryland corporation structured as a REIT for tax purposes, focuses on acquiring growth-oriented self-storage facilities and related real estate across the U.S. and Canada. As of July 15, 2025, SSGT III’s portfolio comprises 10 operating properties stateside, with approximately 8,020 units and 880,575 net rentable square feet, and five properties in Canada, containing roughly 3,180 units and 326,190 net rentable square feet. Furthermore, SSGT III holds joint venture interests in three development projects in Québec and British Columbia. Its subsidiary, Blue Door AM I, acts as the sponsor for two Delaware Statutory Trusts, which hold five operating properties in the U.S., totaling approximately 3,420 units and 472,100 net rentable square feet.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (SmartStop) (NYSE: SMA) is a self-managed REIT, distinguished by its integrated operations team of over 600 self-storage professionals dedicated to expanding the SmartStop Self Storage brand. In addition to its owned portfolio, SmartStop sponsors other self-storage programs through its subsidiary, SmartStop REIT Advisors, LLC. As of July 15, 2025, SmartStop owns or manages 229 operating properties across 23 states, the District of Columbia, and Canada. This portfolio includes around 164,300 units and 18.4 million rentable square feet. Significantly, SmartStop and its affiliates oversee 43 operating self-storage properties in Canada, totaling roughly 36,400 units and 3.7 million rentable square feet. For further details, visit www.smartstopselfstorage.com.
Investors should note that this is not an offer to sell securities. Any such offer will be made only through the confidential Private Placement Memorandum of Blue Door II. The memorandum outlines important risk factors associated with real estate investments, including those specific to DST properties and real estate securities. It emphasizes the illiquidity, market conditions, and potential tax implications involved. Prospective investors are strongly encouraged to consult financial advisors and tax professionals before making any investment decisions.
Source: Strategic Storage Growth Trust III, Inc.
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