Smartstop Self Storage Reit, Inc. · NYSE:SMA
Smartstop Self Storage Reit — Strategic Storage Trust II — Investor Presentation (April 2015)
19 slides from Smartstop Self Storage Reit's investor presentation, Apr 22, 2015
Slide 1: Self Storage Real Estate Income Opportunity
Self Storage Real Estate Income Opportunity* April 22, 2015 * There is no guarantee we will meet our objectives.
Slide 2: Disclaimer and Risk Factors
Disclaimer and Risk Factors Disclaimers CAUTIONARY NOTE REGARDING FORWARD--LOOKING STATEMENTS Certain statements contained in this material, other than historical facts, may be considered forward--looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Se
Slide 3: Risk Factors – Strategic Storage Trust II, Inc.
Disclaimer and Risk Factors Risk Factors – Strategic Storage Trust II, Inc. (SST II) • As of December 31, 2014, our accumulated decit was approximately $2.4 million, and we anticipate that our operations will not be protable in 2015. • We have paid distributions from sources other then our cash ows
Slide 4: Self Storage
Self Storage • Fastest--growing sector of the U.S. commercial real estate industry over the last 35 years(1) • Self storage properties historically produce stable revenue streams(2) (1) Self Storage Association “Industry Fact Sheet” (6/13). Although self storage is the fastest–growing sector in U.S.
Slide 5: Self Storage: Driven by People in Transition
Self Storage Driven by People in Transition • Change in marital status • Birth • Inheritance • Military enlistment • Baby boomers • Job relocation • Business expansion or contraction • Micro business Nearly 10% of U.S. households, currently rent a self storage unit, up from 1 in 17 in 1995.* * Self
Slide 6: Storage Tenant Lifecycle
Self Storage Storage Tenant Lifecycle The illustration above shows how consumers become tenants of self storage properties. Although we have a license to use the SmartStop® brand name, such name is owned by our sponsor.
Slide 7: Self Storage Tenant Mix
Self Storage Self Storage Tenant Mix* Military 6% Students 6% Commercial 18% Residential 70% * 2015 Self Storage Almanac 7
Slide 8: Investment Strategy
Strategic Storage Trust II, Inc. Investment Strategy • Stabilized – 75% or greater occupancy • Low leverage* • Geographic area – High Density * We intend to use less than 50% leverage. Our charter limits borrowing to 75% of the cost of our assets. At times our leverage may be greater than 50%. See p
Slide 9: Target Markets
Target Markets This map depicts the locations of properties purchased by the sponsor.
Slide 10: 2014 Fourth Quarter Acquisitions
2014 Fourth Quarter Acquisitions $ 22.1 Million Acquisition In the fourth quarter of 2014, the REIT acquired its rst 5 properties in 2 states, all branded as SmartStop® Self Storage. The portfolio includes approximately 354,200 net rentable square feet of storage space and 2,490 storage units.
Slide 11: Fourth Quarter Acquisitions
Fourth Quarter Acquisitions Morrisville, NC 320 Units 36,900 NRSF Cary, NC 310 Units 62,100 NRSF Raleigh, NC 440 Units 60,600 NRSF Myrtle Beach I, SC 760 Units 100,100 NRSF Myrtle Beach II, SC 660 Units 94,500 NRSF
Slide 12: Recent Acquisitions
Recent Acquisitions $110.5 Million Acquisition In the rst quarter of 2015, the REIT’s portfolio expanded with 21 additional properties in 5 states, all branded as SmartStop® Self Storage. The portfolio includes approximately 1.2 million rentable square feet of storage space and 11,850 self storage u
Slide 13: Recent Acquisitions
Recent Acquisitions Chico, CA 360 Units 38,800 NRSF Faireld, CA 440 Units 41,000 NRSF La Verne, CA 520 Units 49,800 NRSF Riverside, CA 570 Units 61,000 NRSF Upland, CA 610 Units 56,500 NRSF Lancaster, CA 700 Units 64,700 NRSF Santa Rosa, CA 1,150 Units 116,400 NRSF Lompoc, CA 430 Units 46,500 NRSF
Slide 14: Recent Acquisitions
Recent Acquisitions Santa Ana, CA 840 Units 84,500 NRSF La Habra, CA 420 Units 51,400 NRSF Monterey Park, CA 390 Units 31,200 NRSF HunCngton Beach, CA 610 Units 61,000 NRSF Vallejo, CA 510 Units 54,400 NRSF Whiter, CA 510 Units 58,600 NRSF Aurora, CO 890 Units 87,400 NRSF Li`leton, CO 400 Units 45,8
Slide 15: Recent Acquisitions
Recent Acquisitions Federal Heights, CO 450 Units 40,600 NRSF Crestwood, IL 460 Units 49,300 NRSF Bloomingdale, IL 570 Units 58,200 NRSF Forestville, MD 530 Units 55,200 NRSF Everett, WA 490 Units 48,100 NRSF
Slide 16: Portfolio
Portfolio $132.6 Million Portfolio Since the launch of SST2 in 2014, the REIT’s portfolio has expanded to 26 properties in 7 states all branded as SmartStop® Self Storage. The portfolio includes approximately 1.6 million rentable square feet and 14,340 storage units.
Slide 17: $17.7 Million in Pending Acquisitions
$17.7 Million in Pending Acquisitions In Contract Address Purchase Price Year Built Approx. Sq. Ft. (net) Approx. Units Warren—MI 27203 Groesbeck Hwy, Warren MI $3,390,000 63,100 Warren—MI 24623 Ryan Road, Warren MI 48091 $3,590,000 52,100 Sterling Heights—MI 42557 Van Dyke Avenue, Sterling Heights
Slide 18: Publicly Traded Self Storage Companies
Publicly Traded Self Storage Companies (NYSE: PSA) (NYSE: EXR) (NYSE: CUBE) (NYSE: SSS) (NYSE: UHAL) Public Non--Traded Self Storage REITs
Slide 19: Questions?
Questions?
Strategic Storage Trust II — Investor Presentation (April 2015) on 6ix