Attached files
| file | filename |
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| 8-K - 8-K - Strategic Storage Growth Trust, Inc. | d911418d8k.htm |
| Exhibit 99.1
|
STRATEGIC Strage Growth Trust, Inc. LEASE-UP EXPANSION DEVELOPMENT/REDEVELOPMENT
2014
Year
End
Results
&
Acquisi7on
Update
|
|
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
Sec=on
27A
of
the
Securi=es
Act
of
1933,
as
amended
(the
“Securi=es
Act”)
and
Sec=on
21E
of
the
Securi=es
Exchange
Act
of
1934,
as
amended
(the
“Exchange
Act”) .
We
intend
for
all
such
forward
looking
statements
to
be
covered
by
the
applicable
safe
harbor
provisions
for
forward--?looking
statements
contained
in
Sec=on
27A
of
the
Securi=es
Act
and
Sec=on
21E
of
the
Exchange
Act,
as
applicable.
Such
statements
include,
in
par=cular,
statements
about
our
plans,
strategies,
and
prospects
and
are
subject
to
certain
risks
and
uncertain=es,
including
known
and
unknown
risks,
which
could
cause
actual
results
to
differ
materially
from
those
projected
or
an=cipated.
Therefore,
such
statements
are
not
intended
to
be
a
guarantee
of
our
performance
in
future
periods.
Such
forward--?looking
statements
can
generally
be
iden=fied
by
our
use
of
forward--?looking
terminology
such
as
“may,”
“will,”
“expect,”
“intend,”
“an=cipate,”
“es=mate,”
“believe,”
“con=nue,”
or
other
similar
words.
Readers
are
cau=oned
not
to
place
undue
reliance
on
these
forward--?looking
statements,
which
speak
only
as
of
the
date
of
this
material.
We
cannot
guarantee
the
accuracy
of
any
such
forward
looking
statements
contained
in
this
material,
and
we
do
not
intend
to
publicly
update
or
revise
any
forward--?looking
statements,
whether
as
a
result
of
new
informa=on,
future
events,
or
otherwise.
Any
such
forward--?looking
statements
are
subject
to
risks,
uncertain=es,
and
other
factors
and
are
based
on
a
number
of
assump=ons
involving
judgments
with
respect
to,
among
other
things,
future
economic,
compe==ve,
and
market
condi=ons,
all
of
which
are
difficult
or
impossible
to
predict
accurately.
To
the
extent
that
our
assump=ons
differ
from
actual
results,
our
ability
to
meet
such
forward--?looking
statements,
including
our
ability
to
generate
posi=ve
cash
flow
from
opera=ons
and
provide
distribu=ons
to
stockholders,
and
our
ability
to
find
suitable
investment
proper=es,
may
be
significantly
hindered.
All
forward--?looking
statements
should
be
read
in
light
of
the
risks
iden=fied
in
our
prospectus
and/or
private
placement
memorandum
and
supplements
thereto.
Risk
Factors
–
Strategic
Storage
Growth
Trust
(SSGT)
? No
public
market
currently
exists
for
shares
of
our
common
stock
and
we
may
not
list
our
shares
on
a
na=onal
securi=es
exchange
before
three
to
?ve
years
aYer
comple=on
of
this
o?ering,
if
at
all;
therefore,
it
may
be
di?cult
to
sell
your
shares.
If
you
sell
your
shares,
it
will
likely
be
at
a
substan=al
discount.
Our
charter
does
not
require
us
to
pursue
a
liquidity
transac=on
at
any
=me.
? We
cannot
assure
you
if
or
when
we
will
make
cash
distribu=ons.
We
may
pay
distribu=ons
from
sources
other
than
our
cash
?ows
from
opera=ons,
including
from
the
net
proceeds
from
our
o?erings.
We
are
not
prohibited
from
undertaking
such
ac=vi=es
by
our
charter,
bylaws
or
investment
policies,
and
we
may
use
an
unlimited
amount
from
any
source
to
pay
our
distribu=ons,
and
it
is
likely
that
we
will
use
o?ering
proceeds
to
fund
a
majority
of
our
ini=al
distribu=ons.
Paying
distribu=ons
from
the
proceeds
of
this
o?ering
may
nega=vely
impact
our
ability
to
make
investments
and
reduce
your
basis
in
our
stock.
? This
is
an
ini=al
public
o?ering;
we
have
li_le
prior
opera=ng
history,
and
the
prior
performance
of
real
estate
programs
sponsored
by
a?liates
of
our
sponsor
may
not
be
indica=ve
of
our
future
results.
? This
is
a
“best
efforts”
offering.
If
we
are
unable
to
raise
substan=al
funds
in
this
offering,
we
may
not
be
able
to
invest
in
a
diverse
por`olio
of
real
estate
and
real
estate--?related
investments,
and
the
value
of
your
investment
may
fluctuate
more
widely
with
the
performance
of
specific
investments.
? We
are
a
“blind
pool”
because
we
have
not
iden=fied
any
proper=es
to
acquire
with
the
net
proceeds
from
this
offering.
As
a
result,
you
will
not
be
able
to
evaluate
the
economic
merits
of
our
future
investments
prior
to
their
purchase.
We
may
be
unable
to
invest
the
net
proceeds
from
this
offering
on
acceptable
terms
to
investors,
or
at
all.
? There
are
substan=al
con?icts
of
interest
among
us
and
our
sponsor,
advisor,
property
manager
and
dealer
manager.
? Our
advisor
will
face
con?icts
of
interest
rela=ng
to
the
purchase
of
proper=es,
including
con?icts
with
our
sponsor
and
Strategic
Storage
Trust
II,
Inc.,
and
such
con?icts
may
not
be
resolved
in
our
favor,
which
could
adversely
a?ect
our
investment
opportuni=es.
? We
have
no
employees
and
must
depend
on
our
advisor
to
select
investments
and
conduct
our
opera=ons,
and
there
is
no
guarantee
that
our
advisor
will
devote
adequate
=me
or
resources
to
us.
? We
will
pay
substan=al
fees
and
expenses
to
our
advisor,
its
a?liates
and
par=cipa=ng
broker--?dealers
for
the
services
they
provide
to
us,
which
will
reduce
cash
available
for
investment
and
distribu=on.
We
may
be
required
to
pay
our
advisor
a
signi?cant
distribu=on
if
our
advisory
agreement
is
involuntarily
terminated.
? We
may
incur
substan=al
debt,
which
could
hinder
our
ability
to
pay
distribu=ons
to
our
stockholders
or
could
decrease
the
value
of
your
investment.
? We
may
fail
to
qualify
as
a
REIT,
which
could
adversely
a?ect
our
opera=ons
and
our
ability
to
make
distribu=ons.
2
? Our
board
of
directors
may
change
any
of
our
investment
objec=ves
without
your
consent.
|
|
Disclaimer
and
Risk
Factors
Other
Informa=on
–
SSGT
? An
investment
in
shares
of
SSGT
is
not
suitable
for
all
investors.
An
investment
in
shares
of
SSGT
involves
significant
risks
and
is
only
suitable
for
persons
who
have
adequate
financial
means,
desire
a
rela=vely
long--?term
investment
and
will
not
need
immediate
liquidity
from
their
investment.
Investors
should
only
purchase
shares
if
they
can
afford
a
complete
loss
of
their
investment.
Generally,
a
purchaser
of
shares
must
have,
excluding
the
value
of
a
purchaser’s
home,
furnishings
and
automobiles,
either:
? A
net
worth
of
at
least
$250,000,
or
? A
gross
annual
income
of
at
least
$70,000
and
a
net
worth
of
at
least
$70,000.
? Please
see
the
prospectus
for
a
full
descrip=on
of
suitability
standards.
Residents
of
Alabama,
Iowa,
Kansas,
Kentucky,
Maine,
Massachuse_s,
Missouri,
Nebraska,
New
Jersey,
New
Mexico,
North
Dakota,
Ohio,
Oregon,
Pennsylvania,
Tennessee
and
Vermont
should
consult
the
prospectus
for
details
regarding
the
more
stringent
suitability
standards
that
apply
to
them
based
on
their
states
of
residence.
3
|
|
Self
Storage
Asset
Class
Total
Self
Storage
Rentable
Space
in
the
US
is
now
2.3
Billion
Square
Feet(1)
? The
Fastest
Growing
Segment
of
the
Percentage
of
Self
Storage
Facili7es(1)
Commercial
Real
Estate
Industry
Over
the
Last
35
Years(1)
? Unique
in
its
Ability
to
Add
Value
as
an
Opera=ng
Business
? Low
Capital
Expenditure
Requirements
? No
Tenant
Improvements
or
No
Leasing
Commissions(2)
(1)
Self
Storage
Associa2on
“Industry
Fact
Sheet”
(6/13)
(2)
We
do
not
pay
commissions
in
connec2on
with
the
leasing
of
our
self
storage
units;
however,
we
pay
certain
fees
associated
with
the
day--?to--?day
management
and
opera2ons
of
our
self
storage
facili2es.
4
|
|
Self
Storage
Asset
Class
Driven
by
People
in
Transi7on
? Change
in
marital
status
? Birth
? Inheritance
? Military
enlistment
? Baby
boomers
? Job
reloca=on
? Business
expansion
or
contrac=on
? Micro
business
Nearly 10% of U.S. households currently rent a self storage unit, up from 1 in 17 in 1995.*
*
Self
Storage
Associa2on
“Industry
Fact
Sheet”
(11/13)
5
|
|
Self
Storage
Asset
Class
Self
Storage
Tenant
Mix*
Students
6%
Military
6%
Commercial
18%
Residen=al
70%
| * |
|
2015
Self
Storage
Almanac
6
|
|
Strategic
Storage
Growth
Trust,
Inc.
Opportunis7c
REIT
? Goal
of
Mee=ng
Future
Income
Needs
?Protec=on
Against
In?a=on
(Due
to
month
to
month
rents)
?Greater
Capital
Apprecia=on
Poten=al
This
property
is
not
owned
by
Strategic
Storage
Growth
Trust,
Inc.
This
property
was
acquired
by
another
program
sponsored
by
our
sponsor
or
its
a?liates.
The
property
is
only
shown
to
indicate
what
we
expect
our
acquisi2ons
to
look
like
aTer
we
have
converted
them
to
the
SmartStop®
brand.
7
|
|
Investment
Strategy
DEVELOP
REDEVELOP
/
EXPANSION
LEASE--?UP
These
proper2es
are
not
owned
by
Strategic
Storage
Growth
Trust,
Inc.
These
proper2es
were
acquired
by
another
program
sponsored
by
our
sponsor
or
its
a?liates.
These
proper2es
are
only
shown
to
indicate
what
we
expect
our
acquisi2ons
to
look
like
aTer
we
have
converted
them
to
the
SmartStop®
brand.
| 8 |
|
|
|
Investment
Strategy
Development
Brampton,
Ontario
? Ground
Up
from
Vacant
Land
? Low
Cap
Rate
Environment
promotes
building
? Market
Speci?c
? Higher
Return
Poten=al
This
property
is
not
owned
by
Strategic
Storage
Growth
Trust,
Inc.
This
property
was
acquired
by
another
program
sponsored
by
our
sponsor
or
its
a?liates.
The
property
is
only
shown
to
indicate
what
we
expect
our
acquisi2ons
to
look
like
aTer
we
have
converted
them
to
the
SmartStop®
brand.
9
|
|
Investment
Strategy
Mississauga,
Ontario
Redevelopment/Expansion
? Conversion
to
Repurpose
an
Exis=ng
Building
–
Typically
an
Industrial
Building
? Addi=onal
Rentable
Square
Feet
to
an
Exis=ng
Self
Storage
Facility
This
property
is
not
owned
by
Strategic
Storage
Growth
Trust,
Inc.
This
property
was
acquired
by
another
program
sponsored
by
our
sponsor
or
its
a?liates.
The
property
is
only
shown
to
indicate
what
we
expect
our
acquisi2ons
to
look
like
aTer
we
have
converted
them
to
the
SmartStop®
brand.
10
|
|
Investment
Strategy
Lease--?Up
? and
Open
Exis=ng
Self
Storage
Facility
Built
? Stabiliza=on
Has
Not
Yet
Reached
? Boost
Occupancy
Exis=ng
Management
Unable
to
? Makes
a
Di?erence!
Management
and
Marke=ng
SmartStop®
Self
Storage
--?
Sharpsburg,
GA
This
property
is
not
owned
by
Strategic
Storage
Growth
Trust,
Inc.
This
property
was
acquired
by
another
program
sponsored
by
our
sponsor
or
its
a?liates.
The
property
is
only
shown
to
indicate
what
we
expect
our
acquisi2ons
to
look
like
aTer
we
have
converted
them
to
the
SmartStop®
brand.
11
|
|
2014
Third
Quarter
Acquisi=ons
$19.3
Million
Acquisi7on
In
the
third
quarter
of
2014,
the
REIT
acquired
its
?rst
3
proper=es
in
2
states,
all
branded
as
SmartStop®
Self
Storage.
The
por`olio
includes
approximately
348,500
net
rentable
square
feet
and
3,020
storage
units.
12
|
|
Third
Quarter
Acquisi=ons
Ft.
Pierce
–
Florida
770
Units
88,400
NRSF
13
|
|
Third
Quarter
Acquisi=ons
Russell
Rd.
–
Nevada
1,210
Units
171,100
NRSF
14
|
|
Third
Quarter
Acquisi=ons
Jones
Blvd.
–
Nevada
1,040
Units
89,000
NRSF
15
|
|
Recent
Acquisi=ons
$15.9
Million
Acquisi7on
In
the
first
quarter
of
2015,
the
REIT’s
por`olio
expanded
with
6
addi=onal
proper=es
in
3
states,
all
branded
as
SmartStop®
Self
Storage.
The
por`olio
includes
approximately
351,700
net
rentable
square
feet
and
3,600
storage
units.
16
|
|
Recent
Acquisi=ons
Elgin,
IL
Airport
Rd,
CO
Azusa,
CA
Romeoville,
IL
410
Units
680
Units
660
Units
680
Units
49,600
NRSF
61,800
NRSF
64,400
NRSF
66,700
NRSF
Riverside,
CA
Stockton,
CA
610
Units
560
Units
60,100
NRSF
49,100
NRSF
17
|
|
Por`olio
$35.2
Million
Porbolio
Since
the
launch
of
the
public
offering
in
2015,
SSGT’s
por`olio
has
expanded
to
9
proper=es
in
5
states
all
branded
as
SmartStop®
Self
Storage.
The
por`olio
includes
approximately
700,200
rentable
square
feet
and
6,620
storage
units.
18
|
|
Publicly
Traded
Self
Storage
Companies
(NYSE:
PSA)
(NYSE:
EXR)
(NYSE:
CUBE)
(NYSE:
SSS)
(NYSE:
UHAL)
Public
Non--?Traded
Self
Storage
REITs
19
|
|
Questions?