ACQUISITIONS
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Strategic Storage Trust expands to Pittsburgh
The Ladera Ranch-based company purchased two self-storage facilities for all cash.
By Susan BelknappPublished: December 16, 2009 03:25 AM
Ladera Ranched based Strategic Storage Trust Inc. (SSTI) announced Monday that it recently acquired two facilities located in the Pittsburgh, Penn. area for a combined purchase price of $5.7 million.
“Pittsburgh is a great example of a city that has transformed from being influenced by a single-concentrated industry into a stable and well-diversified economy that includes large sector employers in healthcare, finance, technology and energy,” says H. Michael Schwartz, SSTI’s chairman and CEO. “This is why we continue to be interested in self storage facilities in this market.”
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“Pittsburgh is a great example of a city that has transformed from being influenced by a single-concentrated industry into a stable and well-diversified economy that includes large sector employers in healthcare, finance, technology and energy,” says H. Michael Schwartz, SSTI’s chairman and CEO. “This is why we continue to be interested in self storage facilities in this market.” NEXT PAGE >> Related headlines Newport Beach’s Voit closes $12.6 million in deals REDC acquires Commerce Title from Pulte Homes CT/KDF Community Development Partners closes $36 million Newport Beach's Stoneridge Capital buys retail center for $20 million Voit Real Estate tops local industrial deals Laguna Niguel's Raintree Partners makes $21 million acquisition |
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