SmartStop Self Storage REIT Investing ~$54M Into Canadian JV; Anticipates To Acquire Two Properties In Las Vegas, North Carolina For ~$37M; Plans To Dispose Off Select Properties In Noncore Markets Targeting $75M - $125M

SmartStop Self Storage REIT, Inc. is investing approximately $140 million in strategic initiatives across Canada and the U.S., including a CAD $74 million (USD $54 million) investment in a Canadian joint venture fund for a 50% General Partner and 34% Limited Partner interest in 14 self-storage properties. The company plans to acquire two properties in Las Vegas and Asheville for around $37 million, totaling over 186,000 net rentable square feet. Additionally, SmartStop aims to sell select properties in noncore markets, targeting $75 million to $125 million in property sales starting in early 2027.