Core Viewpoint - SmartStop Self Storage REIT, Inc. has announced the acquisition of a 1.78-acre land parcel in Toronto for the development of a Class A self-storage facility, in partnership with SmartCentres, highlighting its commitment to growth in urban markets with strong demand [1][5]. Group 1: Acquisition Details - The site is located at 1125 Finch Ave, approximately nine miles north of downtown Toronto, in a densely populated area with an estimated 1 million residents within a five-mile radius [2]. - The development will consist of a four-story self-storage facility totaling approximately 100,000 net rentable square feet, featuring around 1,100 climate-controlled units [3]. Group 2: Market Context - The area is characterized by strong absorption rates, constrained land availability, and high replacement costs, indicating durable long-term demand for self-storage facilities [3]. - The facility will serve established neighborhoods, further solidifying SmartStop's position in the Greater Toronto Area [4]. Group 3: Strategic Intent - The acquisition reflects SmartStop's strategy of disciplined growth in supply-constrained urban markets with favorable demographic trends, aiming to capture long-term value in a high-growth market [5].