Self-Storage Trust Purchases 1,760-Unit Portfolio in The Villages, Florida

by John Nelson

WILDWOOD AND LADY LAKE, FLA. — Strategic Storage Growth Trust III Inc. has purchased two self-storage facilities in The Villages, a master-planned community in Central Florida spanning 5,600 acres. California-based Strategic Storage Growth Trust III is a private company that intends to qualify as a REIT sponsored by an affiliate of SmartStop Self Storage REIT. The self-storage assets include a 1,010-unit property at 5688 Florida Highway 44 in Wildwood and a 750-unit facility at 175 Rolling Acres Road in Lady Lake. The 187,400-square-foot portfolio represents the first acquisition for Strategic Storage Growth Trust III since it launched in May 2022. The seller and sales price were not disclosed.

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