Strategic Storage Trust VI Opens New Facility in Toronto, Expands SmartCentres Portfolio

Strategic Storage Trust VI has opened a new self-storage facility in Toronto. SmartCentres Real Estate Investment Trust, a Canada-based REIT, develops, leases, and manages properties, including shopping centers, office buildings, condominiums, rental residences, seniors' housing, townhomes, self-storage facilities, and industrial properties across Canada. The Trust's portfolio features approximately 195 strategically located properties.

Title: Strategic Storage Trust VI Expands with New Toronto Facility

Strategic Storage Trust VI, Inc. (SST VI) has announced the opening of its 14th facility in Canada and the 12th in the Greater Toronto Area. The new self-storage facility is located at 1480 Jane Street in Toronto and spans approximately 105,000 net rentable square feet, accommodating more than 1,200 climate-controlled storage units. The facility, developed in partnership with SmartCentres (TSX: SRU.UN), is strategically positioned on a 2.67-acre site with strong visibility along Jane Street, which averages over 40,000 vehicles daily [1].

The new facility is situated south of a recently opened FreshCo grocery store and within the heart of Toronto’s Mount Dennis, Brookhaven, and Weston neighborhoods. This location is well-positioned to serve a densely populated and growing urban area, with a three-mile radius experiencing rising demand for convenient, secure storage. Development plans for 2,000 new residential units within five miles of the site further underscore the growing need for storage solutions [1].

SST VI, a Maryland corporation qualified as a REIT for federal income tax purposes, focuses on investing in income-producing and growth self-storage facilities in the United States and Canada. As of June 3, 2025, SST VI has a portfolio of 13 operating properties in the United States and 11 properties in Canada, including joint venture interests and development properties [1].

The new facility will serve the surrounding communities of Maple Leaf, Rockcliffe–Smythe, Richview, Brookhaven–Amesbury, Beechborough–Greenbrook, Glen Park, York, and Humber Heights–Westmount. H. Michael Schwartz, Chairman and CEO of SST VI, commented, "Toronto continues to be a key market for us, and this new Jane Street facility strengthens our presence in one of its fastest-growing areas. We’re committed to meeting the needs of the surrounding communities with secure, high-quality storage, and this location is a great example of how we’re delivering on that promise" [1].

Strategic Storage Trust VI is part of the SmartStop Self Storage REIT, Inc. (SmartStop) (NYSE: SMA) family, which operates 222 properties in 23 states, the District of Columbia, and Canada. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 3, 2025, SmartStop has an owned or managed portfolio of 42 operating self-storage properties in Canada, totaling approximately 35,700 units and 3.6 million rentable square feet [1].

References

[1] https://finance.yahoo.com/news/strategic-storage-trust-vi-inc-231200849.html