Strategic Storage Trust acquires two self storage facilities in Montgomery and Phoenix, US
Sep 11, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: Monticello (MNCOF)
Strategic Storage Trust, Inc., a US-based REIT firm focused on the self storage industry, has acquired two facilities located in Montgomery, Alabama and Phoenix, Arizona, US, for a combined price of $5.8 million.
The first facility was approximately 600-unit in Montgomery, Alabama, US, property is located at 6010 Monticello Drive just six miles east of downtown.
The second facility was approximately 520-unit Phoenix, Arizona, US, property is located at 727 West Missouri Avenue just six miles northwest of the central business corridor.
Deal Value (US$ Million) 5.8 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Completed: 2009-09-10
Deal Participants
Target 1 (Company) Undisclosed Company - Self Storage Facility - Montgomery, Alabama, US Target 2 (Company) Undisclosed Company - Self Storage Facility - Phoenix, Arizona, US Acquirer (Company) Strategic Storage Trust, Inc.
Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved
News Provided by COMTEX
Company: Monticello (MNCOF)
Related terms: acquisition, alabama, business, reit
