SmartStop’s Strategic Storage Trust X Acquires First Facility in Tennessee
Strategic Storage Trust X, or SST X, a private company launched in February 2025 and sponsored by SmartStop REIT Advisors, announced the acquisition of its first storage facility located at 1323 NW Broad St., Murfreesboro, Tenn. SST X purchased the property from SmartStop Self Storage REIT Inc. (NYSE: SMA), which acquired the property earlier this year with the intention of selling it to SST X.
SST X intends to qualify as a REIT for federal income tax purposes by Dec. 31, 2025. SSTX’s primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada.
The facility spans approximately 62,100 net rentable square feet and includes approximately 470 storage units, including 380 drive-up units and six RV units, distributed across 12 single-story buildings. Positioned in a bustling commercial corridor, the facility benefits from a daily traffic count of approximately 21,400 vehicles, ensuring strong visibility and accessibility for customers.
The property is in a rapidly growing area, with an expected population growth of 9.1% from 2022 to 2027 within a three-mile radius. The facility will serve the communities of Blackman Farm, Blackman Meadows, East Woods, Hillwood, Providence Pointe, Salem Creek, Southern Meadows, The Cloister, Westlawn and Woods Edge, meeting the growing demand for high-quality self-storage solutions.
SST X’s perpetual net asset value real estate investment trust structure intends to offer investors long-term exposure to a diversified, professionally managed self-storage portfolio, with monthly NAV-based valuations and no fixed liquidation timeline. It is designed to provide stable income, reduce market-timing risk, and support long-term value creation.
“The acquisition of this Murfreesboro property marks a milestone as the first addition to the SST X portfolio,” said H. Michael Schwartz, president and chief executive officer of SST X. “This facility is well-positioned within a dynamic and expanding market that reflects the type of long-term growth opportunities we target. We’re proud to introduce SST X with an asset that exemplifies our disciplined approach to investing and our continued commitment to delivering value through well-located, high-quality self-storage properties.”
SmartStop Self Storage REIT is a self-managed real estate investment trust with a fully integrated operations team of more than 1,000 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 Nov. 24, 2025, SmartStop had an owned/managed portfolio of 460 operating properties in 34 states, the District of Columbia, and Canada, comprising approximately 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties in Canada, which total approximately 42,200 units and 4.3 million rentable square feet.
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