Strategic Storage Trust VI (SST VI) is a non-traded REIT that acquires, develops, and operates self storage facilities in the U.S. and Canada. As of December 31, 2025, SST VI owned 24 operating self storage properties across seven U.S. states and three Canadian provinces, plus two development properties and a 50% interest in five unconsolidated joint ventures in Canada. SST VI earns revenue by renting enclosed, secure storage units to customers on a month-to-month basis, with unit sizes ranging from 5x5 to 10x30 feet. Most facilities include climate-controlled units, computerized gate access, and direct vehicle access. Revenue is driven by occupancy rates, rental rates, and ancillary income from tenant insurance and supplies. The month-to-month lease structure allows SST VI to adjust rents in real time, and the property manager actively targets tenants paying below-market rates to drive NOI growth. SST VI is externally managed — it has no employees — with all operations and acquisitions handled by affiliates of its sponsor, SmartStop Self Storage REIT (NYSE: SMA). SmartStop's platform includes algorithmic pricing, a centralized call center, and digital marketing tools. SST VI funds acquisitions through retail investor equity, preferred equity, and mortgage debt, targeting a loan-to-purchase-price leverage ratio of 50-60%. SST VI pursues a mix of stabilized properties for current income and value-add or lease-up properties for NOI growth, with an intended exit via merger, exchange listing, or portfolio sale within three to five years of completing its public offering.