SmartStop Affiliate Launches $64.8 Million Self-Storage DST Offering

Blue Door AM I LLC, an indirect subsidiary of Strategic Storage Growth Trust III Inc. and an affiliate of SmartStop Self Storage REIT Inc. (NYSE:SMA), announced the launch of Blue Door Property II, DST, a new Delaware statutory trust investment program.

Blue Door II offers accredited investors the opportunity to participate in the self-storage sector through a diversified portfolio of three debt-free institutional-quality properties located in Orlando, Fla., and the cities of Pasadena and Corinth in Texas.

• The Orlando property consists of approximately 680 units and 97,300 net rentable square feet.
• The Pasadena location features approximately 840 units and 106,600 net rentable square feet.
• And the Corinth property includes approximately 770 units and 97,100 net rentable square feet.

The program seeks to raise approximately $64.8 million from accredited investors and is designed to target high-growth markets across the United States, providing investors with access to a historically resilient real estate asset class. Blue Door’s DST structure gives accredited investors, including those completing a 1031 exchange, the opportunity to defer taxes and reinvest into professionally managed self-storage properties.

“Launching the Blue Door II DST program reflects our continued commitment to delivering professionally managed, institutional-grade self-storage properties to retail investors,” said H. Michael Schwartz, chief executive officer of Strategic Storage Growth Trust III.

“SmartStop’s growing footprint across North America is a reflection of our operational expertise and the strength of our brand, which continue to resonate with both customers and investors,” added Schwartz.

Strategic Storage Growth Trust III’s primary investment strategy is to invest in growth-oriented self-storage facilities and related self-storage real estate investments in the United States and Canada. Blue Door AM I, a subsidiary of Strategic Storage Growth Trust III, serves as the sponsor of two DSTs, including Blue Door Property II. Together, the DSTs own five operating properties in the United States comprising approximately 3,420 units and 472,100 net rentable square feet.

SmartStop Self Storage REIT is a self-managed real estate investment trust with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop Self Storage brand. It debuted on the New York Stock Exchange earlier this year.

SmartStop, through its indirect subsidiary SmartStop REIT Advisors LLC, also sponsors other self-storage programs. As of July 15, 2025, SmartStop had an owned/managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet.

It’s been a busy month for SmartStop companies. On July 10, AltsWire reported on SmartStop REIT Advisors’ new retail distribution partnership with Orchard Securities LLC. And in June 2025, Strategic Storage Trust VI, Inc. – a publicly registered non-traded REIT sponsored by an affiliate of SmartStop Self Storage REIT Inc. – in partnership with SmartCentres, opened a self-storage facility in Dorval, Québec, a suburb of Montréal.

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