Strategic Storage Trust VI, Inc. (“SST VI”) is a public non-traded REIT focused on income and growth self storage facilities and related real estate investments. Self storage benefits from demand drivers that occur during both expansionary and recessionary economic environments.
Examples of life events that generate demand for storage include job relocation, downsizing by empty nesters and retirees, changes in marital status, home renovations, births and deaths, summer storage for college students, and service members storing belongings while away on deployment. Businesses also take advantage of storage facilities for inventory, records storage, and even as an alternative to warehouse space.
Strong demand combined with a fragmented market share among public companies, mid-level operators, and mom and pop shops make for an attractive real asset class. We believe that SST VI can provide diversification and income, and the potential for growth over the long term(1).
Self storage facilities rent storage units to individuals and businesses on a short-term basis (often month-to-month) to store personal possessions or business records and inventory. Today’s Class A properties are professionally managed and offer value-added amenities including state-of-the-art security, climate control, elevator service, and moving and packing supplies.
Self storage properties offer more than just additional space.
Storing items that users don’t have room for at home
Storing items temporarily while changing residences
Storing items no longer needed or wanted until they can be disposed of
Storing relative’s items due to a change in living situation (e.g., parent moving from home to apartment)
Storing items inherited due to death in the family
Home or residence remodeling