February 7, 2017 Comments (0) Current Investigations

Strategic Storage Trust II Merger

FINRA's BrokerCheck
(Last Updated On: February 14, 2017)

Strategic Storage Trust II is a Non-traded REIT

Have you suffered investment losses in Strategic Storage Trust II? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

According to their website, Strategic Storage Trust II, Inc. is a public non-traded REIT focused on the self-storage industry. Self-storage is an asset class driven by human life factors such as birth, death, marriage, divorce, retirement, relocation, military enlistment, economic expansion and contraction.

On February 1, 2017, Strategic Storage Trust II  entered into a merger agreement with Strategic Storage Toronto Properties REIT, Inc., a subsidiary of SmartStop Asset Management, LLC.  The merger agreement will increase Strategic Storage Trust II’s portfolio by adding five self-storage facilities located in the Toronto metropolitan area.

Strategic Storage Trust II will pay total consideration of approximately $12.2 million consisting of $7.3 million in cash and 483,197 Class A Units of Strategic Storage Operating Partnership II, L.P., valued at $10.09 per unit, to the common stockholders of Strategic Storage Toronto.

A special committee consisting of the independent directors of the board of directors of SST II approved the transaction following counsel from independent legal and financial advisors.

Non-traded REITs are Risky

Compared to traditional investments, such as stocks, bonds and mutual funds, non-traded REITs, are considerably more complex.  REITs involve a high degree of risk. Unfortunately, many investors are unaware of the risks and liquidity problems with REITs such as Strategic Storage Trust II.

The White Law Group has represented numerous investors in claims against the brokerage firm that recommended non-traded REITs to its investors. Our firm is investigating potential claims against the broker dealers that sold high risk investments, like Strategic Storage Trust II, Inc. onto unsuspecting investors.

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.

Free consultation

Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.

If you have suffered losses investing in Strategic Storage Trust II and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.