SmartStop Self Storage REIT, Inc 8-K, filed Sep 8, 2020
SmartStop Self Storage REIT, Inc. (SMA)
About this 8-K
SmartStop Self Storage REIT, Inc filed this 8-K on September 8, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 8, 2020
SmartStop Self Storage REIT, Inc.
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation) |
000-55617 (Commission File Number) |
46-1722812 (IRS Employer Identification No.) |
10 Terrace Road, Ladera Ranch, California 92694
(Address of principal executive offices, including zip code)
(877) 327-3485
(Registrant’s telephone number, including area code)
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class |
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Trading Symbol(s) |
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Name of Each Exchange on Which Registered |
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None |
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None |
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None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure
On September 8, 2020, SmartStop Self Storage REIT, Inc. (the “Company”) issued a press release announcing the Company’s participation in Bank of Montreal’s 2020 Real Assets Virtual Conference. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein solely for purposes of this Item 7.01 disclosure.
Pursuant to the rules and regulations of the Securities and Exchange Commission, the information in this Item 7.01 disclosure, including Exhibit 99.1 and information set forth therein, is deemed to have been furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SMARTSTOP SELF STORAGE REIT, Inc. |
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Date: September 8, 2020 |
By: |
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/s/ James R. Barry |
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James R. Barry |
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Chief Financial Officer and Treasurer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
SmartStop Self Storage REIT Participated in BMO 2020 Real Assets Virtual Conference
LADERA RANCH, Calif. – September 8, 2020 – SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”) participated in Bank of Montreal’s (“BMO”) 2020 Real Assets Virtual Conference on September 2nd and 3rd. This year’s conference discussed trends across a broad spectrum of real estate sectors, with additional topics and panels to discuss how ‘Work From Home’ trends will impact the future of real estate markets.
“It was our privilege to participate alongside approximately 300 industry attendees in this year’s BMO 2020 Real Assets Virtual Conference and discuss SmartStop’s distinct position in the self storage industry,” said H. Michael Schwartz, Founder and Executive Chairman of SmartStop. “This year’s virtual format allowed for various meetings and stimulating discussions around the future drivers of self storage growth within the broader context of today’s dynamic real estate markets.”
Highlights on the Company’s unique position within the self storage industry shared by members of SmartStop’s executive team include:
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SmartStop is the 10th largest self storage company in the U.S., with an owned and managed portfolio of 144 properties in 19 states and Toronto, Canada; |
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SmartStop’s dedicated workforce of approximately 380 employees and an executive team with an average of 15 years’ experience in the self storage industry; |
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SmartStop is a fully-integrated and self-managed company and has alignment of interests with the management team owning approximately 13 percent of the equity outstanding; |
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SmartStop’s management team has a track record of going full cycle in prior real estate funds, successfully providing cash liquidity to shareholders and returning $1.2 billion at attractive annual returns over the past five years; |
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SmartStop’s platform is managed with an emphasis on customer experience and utilizing technology, including the ownership of the SmartStop® Self Storage brand, the sophisticated digital marketing approach, the proprietary revenue management systems, and the state-of-the-art smartstop.com website; |
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SmartStop continues to expand in the Greater Toronto Area, where SmartStop’s team has had experience managing self storage since 2010. |
About SmartStop Self Storage REIT, Inc.
SmartStop is a self-managed REIT with a fully integrated operations team of approximately 380 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs, including Strategic Storage Trust IV, Inc., a public non-traded REIT, and other private programs. SmartStop is the tenth-largest self storage company in the U.S., with approximately $1.6 billion of real estate assets under management, including an owned and managed portfolio of 144 properties in 19 states and
Toronto, Canada and comprising approximately 96,000 units and 10.9 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts:
Mark Barbalato
FTI Consulting
212.850.5707
mark.barbalato@fticonsulting.com