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Strategic Storage Growth Trust acquires Asheville, NC, self-storage portfolio for $10M
The facilities will have 115,000 rentable square feet of space in 850 climate-controlled and drive-up units 

May 15, 2017: Strategic Storage Growth Trust Inc. (SSGT), a public, non-traded real estate investment trust focused on self-storage acquisition and development, has acquired a two-property portfolio in Asheville, N.C., for $10.25 million. 

According to a press release, the property contains 370 units, while the property at 75 Highland Center Blvd. offers 480 units. Both offer controlled access, perimeter fencing and video cameras. Reports: 
“These facilities are in a growing community with excellent demographics, including college students, retirees and apartment renters, all of which represent good demographic groups for self-storage,” said H. Michael Schwartz, chairman and CEO. “We are pleased to add these facilities to our growing portfolio.”

SSGT focuses on the acquisition, development, redevelopment and lease-up of self-storage properties. Its portfolio currently consists of 18 storage facilities in eight states comprising approximately 1.4 million net rentable square feet in 11,900 storage units.