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SmartStop Self Storage REIT, Inc. Opens 40th Canadian Location With Self-Storage Facility in Kelowna, British Columbia

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SmartStop Self Storage REIT (NYSE:SMA) has announced the acquisition of its 40th Canadian location in Kelowna, British Columbia. The new state-of-the-art facility, located at 948 Ellis Street, features:

  • 74,000 net rentable square feet
  • Approximately 800 climate-controlled units
  • Five-story Class A modern development
  • Two elevator access points
  • High-visibility location

The facility is situated in an affluent area projected to experience 10% population growth over the next five years, serving neighborhoods including Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission, and Lakeview Heights.

SmartStop Self Storage REIT (NYSE:SMA) ha annunciato l'acquisizione della sua 40ª sede canadese a Kelowna, nella Columbia Britannica. La nuova struttura all'avanguardia, situata in 948 Ellis Street, offre:

  • 74.000 piedi quadrati netti affittabili
  • Circa 800 unità con controllo climatico
  • Complesso moderno di classe A su cinque piani
  • Due punti di accesso con ascensore
  • Posizione ad alta visibilità

La struttura si trova in una zona benestante che si prevede crescerà del 10% della popolazione nei prossimi cinque anni, servendo quartieri come Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission e Lakeview Heights.

SmartStop Self Storage REIT (NYSE:SMA) ha anunciado la adquisición de su 40ª ubicación en Canadá en Kelowna, Columbia Británica. La nueva instalación de última generación, ubicada en 948 Ellis Street, cuenta con:

  • 74,000 pies cuadrados netos alquilables
  • Aproximadamente 800 unidades con control climático
  • Desarrollo moderno de clase A de cinco pisos
  • Dos accesos con ascensor
  • Ubicación de alta visibilidad

La instalación está situada en una zona acomodada que se proyecta tendrá un crecimiento poblacional del 10% en los próximos cinco años, atendiendo a vecindarios como Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission y Lakeview Heights.

SmartStop Self Storage REIT (NYSE:SMA)는 브리티시컬럼비아주 켈로나에 위치한 캐나다 40번째 지점 인수를 발표했습니다. 새로 지어진 최첨단 시설은 948 Ellis Street에 위치하며 다음과 같은 특징을 갖추고 있습니다:

  • 순임대 가능 면적 74,000평방피트
  • 약 800개의 온도 조절 유닛
  • 5층 규모의 클래스 A 현대식 건물
  • 두 개의 엘리베이터 출입구
  • 높은 가시성의 위치

이 시설은 향후 5년간 인구 10% 증가가 예상되는 부유한 지역에 위치하며, Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission, Lakeview Heights 등 인근 지역을 대상으로 합니다.

SmartStop Self Storage REIT (NYSE:SMA) a annoncé l'acquisition de son 40e site canadien à Kelowna, en Colombie-Britannique. La nouvelle installation ultramoderne, située au 948 Ellis Street, comprend :

  • 74 000 pieds carrés nets louables
  • Environ 800 unités climatisées
  • Développement moderne de classe A sur cinq étages
  • Deux accès par ascenseur
  • Emplacement très visible

L'installation est située dans un quartier aisé où une croissance démographique de 10 % est prévue au cours des cinq prochaines années, desservant les quartiers de Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission et Lakeview Heights.

SmartStop Self Storage REIT (NYSE:SMA) hat die Übernahme seines 40. Standorts in Kanada in Kelowna, British Columbia, bekannt gegeben. Die neue hochmoderne Anlage in der Ellis Street 948 bietet:

  • 74.000 netto vermietbare Quadratfuß
  • Ungefähr 800 klimatisierte Einheiten
  • Fünfstöckige moderne Entwicklung der Klasse A
  • Zwei Aufzugzugänge
  • Sehr gut sichtbare Lage

Die Anlage befindet sich in einem wohlhabenden Gebiet, das in den nächsten fünf Jahren ein Bevölkerungswachstum von 10% erwartet, und bedient Viertel wie Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission und Lakeview Heights.

Positive
  • Expansion into high-growth market with 10% projected population growth
  • Strategic acquisition of 40th Canadian location
  • Premium Class A facility with 74,000 net rentable square feet
  • Location in affluent area with strong storage demand
Negative
  • None.

LADERA RANCH, Calif.--(BUSINESS WIRE)-- SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE:SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, is pleased to announce the acquisition of its 40th Canadian location with a state-of-the-art facility in Kelowna, British Columbia.

Located at 948 Ellis Street, the facility is a five-story Class A modern development featuring approximately 74,000 net rentable square feet and approximately 800 climate-controlled units. Designed for maximum accessibility and convenience, the facility boasts two elevator access points and benefits from its high-visibility location. The facility sits in an affluent, growing area expected to see 10% population growth over the next five years, highlighting strong demand for quality self-storage options.

“We’re thrilled to make our debut in the vibrant and fast-growing Kelowna market. This acquisition represents an exciting step in our growth strategy, and we believe Kelowna’s dynamic economy, strong fundamentals, and lifestyle-driven demand make it a natural fit for our portfolio,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “We’re proud to open our doors in the Okanagan region and are committed to delivering exceptional service to the local community.”

This facility will serve the neighborhoods of Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission, and Lakeview Heights, offering secure and accessible storage options to the growing Kelowna community.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 590 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of April 15, 2025, SmartStop has an owned or managed portfolio of 219 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,200 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 40 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

David Corak

SVP of Corporate Finance & Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Source: SmartStop Self Storage REIT, Inc.

FAQ

What is the size of SmartStop's new Kelowna self-storage facility?

The facility features 74,000 net rentable square feet with approximately 800 climate-controlled units.

How many Canadian locations does SmartStop (NYSE:SMA) now operate?

With the Kelowna acquisition, SmartStop now operates 40 locations across Canada.

What is the expected population growth in the Kelowna facility's area?

The area is expected to see 10% population growth over the next five years.

Which neighborhoods will SmartStop's new Kelowna facility serve?

The facility will serve Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission, and Lakeview Heights neighborhoods.

What are the key features of SmartStop's new Kelowna storage facility?

The facility is a five-story Class A modern development with climate-controlled units, two elevator access points, and high visibility location.
SmartStop Self Storage REIT, Inc.

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