While the SEC is proposing new disclosures to include climate-related activities, investments and more, nothing really pulls together a docket of disclosures like an initial public offering. 

And Strategic Storage Trust VI, Inc., has cleared that regulatory hurdle. SST VI has announced that its registration statement that pertains to its IPO of approximately $1.1 billion in common stock shares was declared effective by the Securities and Exchange Commission on March 17, 2022.

SST VI, a public non‐traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), says the $1.1 billion valuation will be delivered via shares of common stock in the offering. 

Direct from the news announcements are more pertinent details:

SST VI is also offering up to $95 million in shares of its common stock pursuant to its distribution reinvestment plan at $9.81 per share for Class A shares, $9.50 per share for Class T shares, and $9.40 per share for Class W shares. SST VI intends to primarily invest in a portfolio of income-producing and growth self storage properties and related self storage real estate investments.