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EX-99.1 - EX-99.1 - Strategic Storage Growth Trust, Inc. | d441020dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 22, 2017
Strategic Storage Growth Trust, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-55616
Maryland | 46-2335760 | |
(State or other jurisdiction of incorporation) |
(IRS Employer Identification No.) |
10 Terrace Road, Ladera Ranch, California 92694
(Address of principal executive offices, including zip code)
(877) 327-3485
(Registrants telephone number, including area code)
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Item 2.01. | Completion of Acquisition or Disposition of Assets |
On August 22, 2017, a subsidiary of Strategic Storage Growth Trust, Inc. (the Registrant) closed on the purchase of a self storage facility located in Nantucket, Massachusetts (the Nantucket Property). The Nantucket Property is a self storage facility that contains approximately 93,000 net rentable square feet and 840 rental units. The purchase price for the Nantucket Property was $37.5 million, plus closing costs and acquisition fees, which was funded with proceeds from the Registrants public offering. The Registrant incurred approximately $0.7 million in acquisition fees in connection with this acquisition.
Item 7.01 | Regulation FD Disclosure |
On August 23, 2017, the Registrant issued a press release announcing the acquisition of the Nantucket Property. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein solely for purposes of this Item 7.01 disclosure.
Pursuant to the rules and regulations of the Securities and Exchange Commission, the information in this Item 7.01 disclosure, including Exhibit 99.1 and information set forth therein, is deemed to have been furnished and shall not be deemed to be filed under the Securities Exchange Act of 1934.
Item 9.01. | Financial Statements and Exhibits. |
(a) | Financial statements of real estate acquired. |
Since it is impracticable to provide the required financial statements for the acquired real property described in Item 2.01 at the time of this filing and no financials (audited or unaudited) are available at this time, the Registrant hereby confirms that it intends to file the required financial statements on or before November 7, 2017 by amendment to this Form 8-K.
(b) | Pro forma financial statements. |
See paragraph (a) above.
(d) | Exhibits. |
99.1 | Strategic Storage Growth Trust, Inc. Press Release, dated August 23, 2017 |
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STRATEGIC STORAGE GROWTH TRUST, INC. | ||||||
Date: August 23, 2017 | By: | /s/ Michael O. Terjung | ||||
Michael O. Terjung | ||||||
Chief Financial Officer and Treasurer |