Strategic Storage Trust VI, a publicly registered non-listed real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, (NYSE: SMA), partnered with SmartCentres Real Estate Investment Trust (SRU-UN.TO) to open a self-storage facility in the Greater Montreal Area, it said in an overnight statement Thursday.
The company said that the facility is "well-positioned" to serve surrounding communities, including Saint-Henri, Little Burgundy, Griffintown, Pointe-Saint-Charles, Ville-Emard, Verdun, West Island, Westmount and Downtown Montreal.
SmartCentres REIT closed down 0.3% to $29.13 on Thursday on the Toronto Stock Exchange.