IPO - Strategic Storage Trust VI, Inc.

Form Type: POS AM

Filing Date: 2025-04-15

Corporate Action: Ipo

Type: Update

Accession Number: 000119312525081422

Filing Summary: Strategic Storage Trust VI, Inc. has filed a Post-Effective Amendment No. 6 to their registration statement on Form S-11, marking a significant step in the process of going public. The offering aims to raise up to $1,095,000,000 in shares of common stock, with a focus on investing in self-storage properties and related real estate investments. As of December 31, 2024, the company owned 24 properties across multiple states and two Canadian provinces. The registration extends the offering period until September 12, 2025, with substantial proceeds expected to be utilized for property acquisitions. The offering has been designed to accommodate different investor classes, allowing the company to offer various shares while adhering to regulatory requirements. The document elaborates on the risks involved with investing, noting an accumulated deficit and a lack of profitability anticipated for 2025. It also addresses conflicts of interest, management fees, and limitations on transferability of shares. Investors are cautioned that a public market for the shares may not develop and that significant risks are involved with liquidity and potential returns on investment.

Form Type: S-11

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000119312525012254

Filing Summary: Strategic Storage Trust VI, Inc. filed an S-11 registration statement with the SEC on January 24, 2025, to offer up to $1,095,000,000 in shares of common stock. As a Maryland corporation electing to qualify as a Real Estate Investment Trust (REIT), the proceeds from this offering are expected to be used primarily for investing in income-producing self-storage properties and related real estate investments. The company, as of September 30, 2024, owned 24 properties across seven states and three Canadian provinces, along with interests in several development projects. The offering aims to sell Class Y and Class Z shares at an initial price of $10.00 per share, with specific eligibility criteria defining the investor categories for each class. This investment comes with significant risks, including the absence of public market liquidity for shares, reliance on external advisors for operational management, potential accumulation of debt, and the risk of the company not qualifying as a REIT, which would adversely affect its operational capacity. Investors must meet specific financial suitability requirements to participate in the offering. The registration is described as subject to completion, indicating that the specifics may evolve before final offering.