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Home Depot Queen Street Brampton
MISSISSAUGA, ON--(Marketwire - Dec 20, 2012) - Strategic Accumulator Trust, Inc. (SSTI), a about registered non-traded REIT advance in cocky storage, afresh appear the admirable aperture of its 101,000 net rentable aboveboard bottom self-storage ability in Mississauga, Ontario. In March of 2011, SSTI acquired an automated architecture for about $5.6 actor in adjustment to redevelop the acreage into a top-of-the-line self-storage facility.
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"Our lease-up efforts accept been acutely absolute as we've already busy about 35,000 aboveboard anxiety over the aftermost year admitting alone a fractional aperture and architecture activity," said H. Michael Schwartz, SSTI's administrator and CEO. "Mississauga is one of the fastest growing and better cities in Canada with alone a scattering of self-storage competitors."
This cast new self-storage re-development consists of 800 units and has been rebranded beneath the SmartStop® Cocky Accumulator barter name. Amid at 3136 Mavis Alley in Mississauga, the armpit is 14 afar from city Toronto abreast the circle of Dundas Street and Mavis Road, in abutting adjacency to a Home Depot and Canadian Tire (similar to Walmart). The ability will action all types of self-storage, including exoteric drive-up and autogenous climate-controlled storage, as able-bodied as advanced access, aegis and acquittal systems and a ample retail-friendly office.
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"The Mavis armpit is ideal because we were able to retrofit an absolute architecture by creating a additional attic aural the automated shell, and accompaniment it with new retail amplitude for sales and exoteric drive-up units," said Jamie Bennett, a chief accomplice with Budget Development who partnered with SSTI on this redevelopment project.
SSTI currently owns two added self-storage accessories in Canada:
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About Strategic Accumulator Trust, Inc.
Strategic Accumulator Trust, Inc. (SSTI) is the aboriginal and alone self-storage REIT in the accessible non-traded REIT marketplace. SSTI is one of bristles about registered self-storage REITs in the United States and is one of the fastest growing self-storage REITs nationwide. The SSTI administration aggregation is comprised of industry veterans with all-encompassing institutional acquaintance in the accretion and acreage administration of self-storage properties. Since the barrage of SSTI in 2008, the company's portfolio of wholly-owned backdrop has broadcast to accommodate 108 backdrop in 17 states and Canada that are actuality branded as SmartStop® Cocky Storage. The portfolio includes about 70,000 self-storage units and 8.7 actor rentable aboveboard anxiety of accumulator space. For added advice about SSTI, amuse alarm 949-429-6600 or appointment www.strategicstoragetrust.com
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To appearance our backdrop and locations or to acquisition a adjacent accumulator facility, appointment www.smartstopselfstorage.com
This columnist absolution may accommodate assertive advanced statements aural the acceptation of Section 27A of the Balance Act of 1933, as amended, and Section 21E of the Balance Exchange Act of 1934, as amended. Such advanced statements can about be articular by our use of advanced analogue such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or added agnate words. Because such statements accommodate risks, uncertainties and contingencies, absolute after-effects may alter materially from the expectations, intentions, beliefs, affairs or predictions of the approaching bidding or adumbrated by such advanced statements. These risks, uncertainties and contingencies include, but are not bound to: uncertainties apropos to changes in accepted bread-and-butter and absolute acreage conditions; uncertainties apropos to the accomplishing of our absolute acreage advance strategy; uncertainties apropos to costs availability and basic proceeds; uncertainties apropos to the closing of acreage acquisitions; uncertainties apropos to the accessible alms of our accepted stock; uncertainties accompanying to the timing and availability of distributions; and added accident factors as categorical in the Company's prospectus, as adapted from time to time. This is neither an action nor a address to acquirement securities.
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