Property Management of Las Vegas Properties We financed the acquisition of the Las Vegas III Property by using net proceeds from our public offering. The Las Vegas III Property has approximately 640 units and approximately 82,200 net rentable square feet. Our advisor earned approximately $160,000 in acquisition fees in connection with theĪcquisition. WeĪcquired the Las Vegas III Property from an unaffiliated third party for a purchase price of approximately $9.3 million, plus closing costs and acquisition fees. On September 27, 2016, we purchased a self storage facility located in Las Vegas, Nevada (the Las Vegas III Property). We financed the acquisition of the Las Vegas II Property by using net proceeds from our public offering. Property has approximately 810 units and approximately 101,400 net rentable square feet. Our advisor earned approximately $250,000 in acquisition fees in connection with the acquisition. Of approximately $14.2 million, plus closing costs and acquisition fees. WeĪcquired the Las Vegas II Property from an unaffiliated third party for a purchase price On September 23, 2016, we purchased a self storage facility located in Las Vegas, Nevada (the Las Vegas II Property). (∽ST), must receive all subscription agreements in good order and must receive the funds for allĪccounts (including qualified accounts) on or before the close of business on January 9, 2017. Any subscriptions received or funded after January 9, 2017 will be promptly returned.Īcquisitions of Two Properties in Las Vegas, Nevada Shares under our primary offering. In connection with the closing of our primary offering, our transfer agent, DST Systems, Inc. We have determined that our primary offering will close effective January 9, 2017. On January 9, 2017, we will cease offering Procedures Related to Termination Date of our Public Offering As of September 28, 2016, approximately $620 million in shares remained available for sale to the public under our initial public offering, including shares available under our As of September 28, 2016, we had received gross offering proceeds of approximately $426 million from the sale of approximately 42.2 million Class A shares and approximately $49.1 million from the sale ofĪpproximately 4.9 million Class T shares in our offering. Effective September 28, 2015, we reallocated shares in our primary offering to consist of the following: up to $500 million in Class A shares and up to $500 Offering amount of $1.5 million in sales of shares and commenced operations. We commenced the initial public offering of shares of our common stock on January 10, 2014. Updates regarding the potential acquisitions of self storage facilities in Elk Grove Village, Illinois and Aurora, Colorado and Updates regarding the acquisitions of two self storage facilities in Las Vegas, Nevada Procedures related to the termination date of our public offering The purpose of this supplement is to disclose:Īn update on the status of our public offering This supplement shall have the same meanings as set forth in the prospectus. Unless otherwise defined in this supplement, capitalized terms used in dated April 11,Ģ016, Supplement No. 4 dated July 11, 2016, which amended and superseded all prior supplements to the prospectus, and Supplement No. 5 dated August 22, 2016. This document supplements, and should be read in conjunction with, the prospectus of Strategic Storage Trust II, Inc.
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