2018 Annual Report
“Our goal is to provide investors a vehicle to capitalize on alternative real estate asset classes that are brand-based and fragmented, and also have recessionresistant traits. The self storage sector meets these objectives.� H. Michael Schwartz Chairman and CEO
Texas City, Texas
Las Vegas, Nevada
Letter to Our Stockholders It is my pleasure to present the Strategic Storage Trust IV, Inc. annual report for 2018. As the fourth public REIT launched by our management team, we believe this program is well positioned for the current state of the self storage industry, and our balance sheet provides the flexibility to pursue a variety of opportunities in the future. Our Company continues to execute its strategy of acquiring a combination of income-producing and growth self storage properties. Strategic Storage Trust IV, Inc. acquired its first two properties in 2017, and during 2018 we acquired an additional 12 properties totaling over 7,300 rental units and approximately 900,000 rentable square feet. As of December 31, 2018, our 14 self storage properties total over 8,400 rental units and approximately 1,040,000 rentable square feet, with a physical occupancy of approximately 88%. Additionally, our balance sheet remains strong, with debt leverage of approximately 40% of total assets, and over $15 million of cash on hand. Subsequent to December 31, 2018, we acquired two self storage properties, one located in Plant City, Florida, and one in Newark, New Jersey which totaled approximately 2,700 rental units and 270,000 rentable square feet. We have also entered into contracts to acquire three self storage properties once construction is complete and certificates of occupancy are obtained. In addition to growing our portfolio in the U.S., we’re excited about the opportunity to expand our presence in the Greater Toronto Area through our Canadian joint ventures with SmartCentres Real Estate Investment Trust. We look forward to developing purpose-built SmartStopŽ properties in highly trafficked retail centers in major Canadian metropolitan areas. As of December 31, 2018, we had entered into three such joint ventures in which we have 50% ownership interests in the development of three self storage properties in Oshawa, Vaughn, and Brampton, Ontario. Further, subsequent to December 31, 2018, we acquired a 50% interest in a Canadian joint venture that will develop a self storage property in East York, Ontario and we entered into two additional agreements to develop self storage properties through joint ventures in Scarborough and Brampton, Ontario. We believe the combination of income-producing properties, supplemented with growth assets, provides the strongest opportunity to provide total return to our stockholders. Strategic Storage Trust IV, Inc. is poised for a strong 2019, and we look forward to increasing our presence in the Greater Toronto Area and other strategic markets in order to add value for our stockholders. We thank you for your confidence in the program and look forward to future opportunities. Continued successes,
H. Michael Schwartz Chairman and CEO Strategic Storage Trust IV, Inc.
Portfolio Stats as of 12/31/18 APPROX. NRSF1
APPROX. UNITS2
CA
57,500
470
Jensen Beach
FL
67,000
600
275 Goodlette-Frank Rd. N.
Naples
FL
77,900
700
2555 W Centennial Pkwy.
North Las Vegas
NV
76,500
640
8020 Las Vegas Blvd.
Las Vegas
NV
55,000
580
3101 Texas Ave. S
College Station
TX
71,900
600
27236 Highway 290
Cypress
TX
90,100
580
8415 Queenston Blvd
Houston
TX
63,000
540
20535 W Lake Houston Pkwy.
Humble
TX
116,100
670
23250 Westheimer Pkwy.
Katy
TX
59,200
570
3730 Emmett F Lowry Expwy.
Texas City
TX
60,000
480
3750 FM 1488
The Woodlands
TX
83,700
610
7474 Gosling Rd.
The Woodlands
TX
61,900
560
Puyallup
WA
98,000
830
Oshawa
ONT
-
-
ADDRESS
CITY
3167 Van Buren Blvd.
Riverside
1105 NW Industrial Blvd.
1401 N Meridian Ave. 642 Champlain Ave. (Under Development)
3
STATE
2
8
Total Self Storage Properties:
14
Total Purchased:
$141,060,000
Total NRSF:
1,037,800
1. Includes all rentable square feet consisting of storage units and parking units (approximately 110,000 square feet). 2. Includes all rentable units consisting of storage units and parking units (approximately 350 units).
3. Oshawa is an undeveloped parcel of land. The land is held in a venture with SmartCentres Real Estate Investment Trust, an unaffiliated third party.
The joint venture intends to develop a self storage facility on the parcel of land. Our ownership of the joint venture is 50%.
Total Units:
8,430
For More Information MAIN OFFICE: 10 Terrace Road Ladera Ranch, CA 92694 INVESTOR SERVICES: 866.418.5144 DEALER MANAGER: Select Capital Corporation Member FINRA | SIPC Tel: 866.699.5338
Ladera Ranch, California
10 Terrace Road Ladera Ranch, CA 92694 877.327.3485 StrategicREIT.com
SST IV 2018 ANNUAL REPORT