Strategic Storage Trust VI Announces Series E Preferred Stock Offering

Core Viewpoint - Strategic Storage Trust VI, Inc. (SST VI) has launched a $75 million Series E Preferred Stock offering, expandable to $100 million, aimed at accredited investors, providing access to a diversified portfolio of self-storage assets [1][2][3] Company Overview - SST VI is a publicly registered non-traded real estate investment trust (REIT) sponsored by SmartStop Self Storage REIT, Inc. [1][7] - The company focuses on investing in income-producing and growth-oriented self-storage facilities in the United States and Canada [7] Financial Details - The Series E offering carries an 8% annualized cash dividend, paid monthly when authorized and declared, and ranks senior to all common stock, which totaled approximately $260 million as of June 30, 2025 [2] - SST VI currently has a portfolio valued at over $500 million, with proceeds from the offering expected to pay down debt and further invest in self-storage properties [2] Market Position - The self-storage sector is characterized as a defensive asset class across market cycles, providing stable income and attractive, risk-adjusted returns [3] - SST VI aims to align the interests of its investors with the long-term success of the company [3] Portfolio Composition - As of October 6, 2025, SST VI operates 13 properties in the U.S. with approximately 9,015 units and 1,079,395 rentable square feet, and 11 properties in Canada with approximately 10,205 units and 1,067,715 rentable square feet [7]