10/06/2025 | Press release | Distributed by Public on 10/06/2025 14:56
Strategic Storage Trust VI Announces Series E Preferred Stock Offering
LADERA RANCH, Calif. - October 6, 2025 - Strategic Storage Trust VI, Inc. ("SST VI"), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA), announced the launch of a $75 million Series E Preferred Stock offering for accredited investors which is expandable to $100 million. The offering provides investors with an opportunity to participate in a diversified portfolio of income-producing and growth-oriented self-storage assets.
The offering carries an 8% annualized cash dividend, paid monthly when authorized and declared, and ranks senior to all common stock, which totaled approximately $260 million as of June 30, 2025. With a current portfolio of more than $500 million, proceeds from the Series E offering are expected to pay down debt and further invest in income-producing and growth-oriented self-storage properties and related self-storage real estate investments.
"The launch of Series E Preferred stock offering reflects our ongoing commitment to providing retail investors with stable income and access to institutional-quality self-storage assets throughout North America," said H. Michael Schwartz, President and CEO of SST VI. "The self-storage sector has proven to be a defensive asset class across market cycles. This offering is designed to deliver attractive, risk-adjusted returns while strengthening our capital base and supporting disciplined expansion. We are committed to aligning the interests of our investors with the long-term success of SST VI."