Business News • MarketWire • Strategic Storage Trust II, Inc. (SSTI II) Enters Market; Acquires First Five Properties in the Carolinas for $22.1 Million

Strategic Storage Trust II, Inc. (SSTI II) Enters Market; Acquires First Five Properties in the Carolinas for $22.1 Million

Strategic Storage Trust II, Inc. (SSTI II) Enters Market; Acquires First Five Properties in the Carolinas for $22.1 Million

LADERA RANCH, CA--(Marketwired - Nov 4, 2014) - Strategic Storage Trust II, Inc. (SSTI II) -- a public non-traded REIT that focuses on stabilized self storage properties -- recently closed on its first portfolio transaction with the purchase of five self storage properties located in North and South Carolina totaling approximately 2,490 units and approximately 354,200 net rentable square feet for approximately $22.1 million. These facilities, which were 88.8% occupied as of September 30, 2014, will be re-branded under the SmartStop® Self Storage trade name.

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