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Strategic Storage Growth crosses $200M threshold in best-efforts offering

Strategic Storage Growth Trust Inc. raised gross proceeds of roughly $203.9 million in its primary offering, crossing the $200.0 million threshold and triggering its previously announced close-down of the offering to new subscriptions.

The gross proceeds as of March 24 comprised approximately $150.9 million from the sale of Class A shares and nearly $53.0 million from the sale of Class T shares.

During the close-down period, the company will only accept subscription agreements received by its transfer agent, DST Systems Inc., on or before March 31.

Nonqualified account subscriptions received by the due date must be in good order and be generally fully funded no later than April 7. Qualified account and other custodial account subscriptions received by the due date must be in good order and must be submitted no later than April 7, and the funds must generally be received by May 12.