The transaction adds 12 self-storage facilities, bringing the combined trust's portfolio to 37 properties across ten US states and three Canadian provinces.
Real estate investment firm Brixton Capital contributed the property through a tax-deferred 721 exchange in return for partnership units.
The deal marks the trust's fourth acquisition with Sterling Organization in 2026 and brings its portfolio to 13 properties.
The investment was made through a joint venture with specialized real estate investment firm the Sterling Organization.
Flagship Healthcare Trust has purchased a Class A medical outpatient building and ambulatory surgery center, anchored by physician-led ophthalmology practice Graystone Eye.
The disposition unlocks approximately $9 million of capital for the trust and realizes the promote earned on the transaction.
The four-property deal adds more than 2,000 beds to its portfolio of student housing assets.
The all-stock deal between Strategic Storage Trust VI & Strategic Storage Growth Trust III will create a company with ~$1.2 billion in total assets.
The investment, made through a joint venture with Sterling Organization, adds a 99%-occupied shopping center in Austin to the REIT's portfolio.
The non-traded REIT targets self-storage facilities and related real estate investments in the US and Canada.
