Business
Blue Door Property I, DST Fully Subscribes $29 Million All-Cash Self-Storage DST Offering
LADERA RANCH, Calif., November 24, 2025--Blue Door Property I, DST Fully Subscribes $29 Million All-Cash Self-Storage DST Offering
About this update from Smartstop Self Storage Reit, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":352,"url":"https://media.zenfs.com/en/business-wire.com/49d41e120ab51a518fdb96c2fc6e0e02"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z17A1xSI6OamTl0p.PwP_Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTcwNDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/49d41e120ab51a518fdb96c2fc6e0e02","width":480,"height":352}},"lazy":false},{"type":"text","content":"LADERA RANCH, Calif., November 24, 2025--(BUSINESS WIRE)--Blue Door AM I, LLC, an indirect subsidiary of Strategic Storage Growth Trust III, Inc. ("SSGT III"), and an affiliate of SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA), announced that its Delaware Statutory Trust offering, Blue Door Property I, DST is now fully subscribed.","length":365,"tagName":"p"},{"type":"text","content":"The offering, which provided accredited investors with the opportunity to participate in institutional-quality self-storage assets through a 1031 exchange or direct cash investment, reached its maximum equity raise of $29.75 million. Blue Door Property I, DST is part of SmartStop’s growing platform of tax-advantaged real estate programs designed to deliver income potential, portfolio diversification, and capital preservation.","length":429,"tagName":"p"},{"type":"text","content":""The full subscription of Blue Door Property I, DST underscores the growing demand for tax-deferred solutions among commercial exchange buyers and the appeal of institutional-quality self-storage investments for Main Street investors," said H. Michael Schwartz, Chairman and CEO of SmartStop. "The long-term resiliency of the self-storage sector continues to make it a compelling destination for capital, and we remain committed to sourcing and managing high-quality assets that support stable income, preservation of capital, and consistent performance for our investors."","length":593,"tagName":"p"},{"type":"text","content":"About Strategic Storage Growth Trust III, Inc. (SSGT III):","length":58,"tagName":"p"},{"type":"text","content":"Strategic Storage Growth Trust III, Inc. ("SSGT III") is a Maryland corporation that elected to qualify as a REIT for federal income tax purposes. SSGT III’s primary investment strategy ...