SmartStop Self Storage to invest about CAD 74 million in Strategic Storage Canada JV fund

SmartStop agreed to invest about CAD 74 million in Strategic Storage Canada, a joint venture fund holding 14 Canadian self-storage properties, taking a 50% general partner stake and about a 34% limited partner stake, with CAD 25 million convertible preferred equity at a 6.5% coupon. Closing is targeted for the fourth quarter of 2026, subject to Competition Act approval and customary conditions.