TORONTO–(BUSINESS WIRE)–$SRU.UN #CapitalMarkets–SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of April 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on May 15, 2026 to unitholders of record as at April 30, 2026.

About SmartCentres

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 198 strategically located properties in communities across the country. SmartCentres has approximately $12.1 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.6 million square feet of leasable space with 98.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.

Contacts

For more information, visit www.smartcentres.com or please contact:

Mitchell Goldhar

Executive Chairman and CEO

(905) 326-6400 ext. 7674

mgoldhar@smartcentres.com

Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

pslan@smartcentres.com

8,000 route miles of new builds and overbuilds underway as industry-wide capacity constraints intensify across AI-driven markets

DENVER–(BUSINESS WIRE)–Zayo, a leading communications infrastructure provider, today announced it has secured an anchor customer to enable and accelerate its buildout of new routes and extend its existing network with infrastructure purpose-built to support AI-driven demand. This includes 8,000 route miles of new builds and overbuilds to deliver the capacity needed to support next-generation AI and cloud growth across key high-demand corridors. Zayo will build, own, and operate all routes as part of its existing network footprint. These commitments are anchored by a specific agreement with a leading global AI infrastructure partner; additional details will be disclosed at a later date.

Having secured the anchor tenant for these key routes, Zayo is actively building 8,000 route miles, representing more than 15 million new and overbuild fiber miles. This includes six new long-haul fiber routes totaling 3,000 route miles and overbuilds of 9 high-capacity corridors covering over 5,000 route miles. This is the largest single network investment in new build and overbuild miles in Zayo’s history.

In January 2025, Zayo announced plans to build 5,000 new route miles by 2030. In less than 18 months, the company has expanded that plan significantly, with build and overbuild projects now underway spanning more than 15,000 route miles and ~20 million fiber miles. Construction is already underway or commencing on many of these routes. This level of investment is critical to addressing the potential bandwidth gap as AI-driven demand continues to accelerate.

“AI demand is no longer theoretical. It’s showing up as real customer requests in corridors where it’s scaling fast,” said Bill Long, Chief Product and Strategy Officer at Zayo. “We’ve been looking closely at how that demand is developing, where it’s concentrating, and what it means for the network over the next several years. That’s shaping where we build and how quickly we start construction. We’re not building speculatively, we’re actively building markets where we can already see that pressure taking hold and where demand is clearly headed. We’re doing it at a scale that not only supports these initial commitments but puts additional capacity in place ahead of the next wave of AI demand.”

AI workloads are reshaping how and where bandwidth demand shows up, concentrating growth in a defined set of high-value corridors where power availability is driving data center demand and those data centers need to connect to adjacent metros. Zayo is prioritizing these corridors, building where demand is already materializing and where capacity constraints are expected to intensify as AI deployments scale. This targeted approach enables Zayo to deliver high-capacity, low-latency infrastructure ahead of competitors and ensures the network will support AI-related bandwidth demand projected to grow 2–6x by 2030 without becoming a constraint.

New Routes in Construction:

1. Las Vegas to Reno, Nevada
2. Denver to Chicago
3. Dallas to Austin
4. Columbus, Ohio to Indianapolis
5. Atlanta to Ashburn, Virginia
6. Kansas City to Omaha

Overbuilds in Progress:

1. Sacramento to Reno, Nevada
2. Las Vegas to Phoenix
3. Denver to Salt Lake City
4. Denver to Dallas
5. Houston to Austin
6. Dallas to Atlanta
7. Chicago to St. Louis to Memphis to New Orleans
8. Cleveland to New York
9. Columbus to Ashburn, Virginia

Along with meeting the current capacity committed, Zayo will retain significant available capacity across these routes to support continued demand and future growth as AI-driven bandwidth requirements scale.

To learn more about Zayo’s network capabilities, please visit: https://www.zayo.com/

About Zayo

For more than 18 years, Zayo has empowered some of the world’s largest and most innovative companies to connect what’s next for their business. The Zayo group of companies connects 400 global markets with future-ready networks that span over 19.9 million fiber miles and 148,000 route miles. Zayo’s tailored connectivity solutions and managed services enable carriers, cloud providers, data centers, schools, and enterprises to deliver exceptional experiences, from core to cloud to edge. Discover how Zayo connects what’s next at www.zayo.com and follow us on LinkedIn.

Contacts

Media Contact
Bree Huerta

Zayo Corporate Communications

press@zayo.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of April. The distribution will be payable on May 7, 2026, to unitholders of record as at April 30, 2026.

About RioCan

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at December 31, 2025, our portfolio is comprised of 168 properties with an aggregate net leasable area of approximately 31 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan Real Estate Investment Trust

Investor Relations Inquiries

Email: ir@riocan.com

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–#ChoiceProperties–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of April, 2026 of $0.065 per trust unit, representing $0.78 per trust unit on an annualized basis, payable on May 15, 2026 to Unitholders of record at the close of business on April 30, 2026.

About Choice Properties Real Estate Investment Trust

Choice Properties is Canada’s largest Real Estate Investment Trust, guided by a clear purpose: to create places where people thrive. This is how we build enduring value. As a national owner, operator, and developer of high-quality commercial and residential real estate, we go beyond managing assets. We create spaces that strengthen how tenants and communities live, work, and connect. Our strategy is grounded in industry leadership across sustainability, community engagement, and social impact, embedded throughout our business. Our core values of Care, Ownership, Respect and Excellence guide our actions and decisions, shaping how we operate, build, and grow.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Contacts

For further information:
Erin Johnston

Chief Financial Officer

Choice Properties REIT

(647) 294-8724

Erin.Johnston@choicereit.ca

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of April 2026 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on May 15, 2026, to unitholders of record as of the close of business on April 30, 2026.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Dist

Contacts

For Further Information

Investor Relations

+1 416 644 4264

ir@slateam.com

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of March 2026 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on April 15, 2026, to unitholders of record as of the close of business on March 31, 2026.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

TORONTO–(BUSINESS WIRE)–$SRU.UN #CapitalMarkets–The Board of Trustees of SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) today provided a further update regarding certain existing arrangements referred to in the REIT’s press release dated February 27, 2026.

The parties have agreed to further extend the existing agreements to April 16, 2026 for the reasons previously set out and allow additional time for the agreements to be finalized. We anticipate the good faith negotiations to result in mutually acceptable arrangements.

The Independent Committee of the Board, composed entirely of independent trustees, is overseeing the discussions on behalf of the REIT with Penguin and Mr. Goldhar.

About SmartCentres

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 198 strategically located properties in communities across the country. SmartCentres has approximately $12.1 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.6 million square feet of leasable space with 98.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.

For more information, please visit www.smartcentres.com.

Cautionary Statements Regarding Forward-Looking Statements

Certain statements in this Press Release are “forward-looking statements” that reflect management, the Board and the Independent Committee’s expectations regarding the Trust’s future arrangements, growth, operations, performance and business prospects and opportunities. More specifically, certain statements including, but not limited to, statements related to ongoing discussions with Mr. Goldhar and Penguin, the potential outcomes, terms and timing of these discussions or any existing or new arrangements resulting therefrom and the focus of the Board and Independent Committee and statements that contain words such as “could”, “should”, “can”, “anticipate”, “expect”, “ensures”, “believe”, “will”, “may” and similar expressions and statements relating to matters that are not historical facts, constitute “forward-looking statements”.

Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking information may include, but are not limited to: continued performance of the parties in the ordinary course in accordance with the terms of the existing arrangements, as extended; expectations regarding ongoing constructive discussions between the Trust and Mr. Goldhar and Penguin; and the likelihood of a mutually acceptable outcome on or before the agreed April 16, 2026 extension date.

Such forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including that the discussions between the parties could be unsuccessful; that the existing agreements could be terminated in accordance with their terms and that Mr. Goldhar does not remain with the Trust; that the terms of any amended, extended, supplemented or replaced definitive agreements could be on terms and conditions less favourable to the Trust than current arrangements; that the parties may not complete discussions or that definitive agreements may not be reached on or before the agreed extension date, or at all, or that one or more further extensions may be required; and the potential effects and outcomes, including on the Trust’s unit price and trading liquidity, arising from the discussions between the parties. The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive. Readers should consult the more complete discussion of the Trust’s business, financial condition and prospects under the heading “Risks and Uncertainties” and elsewhere in SmartCentres’ most recent Management’s Discussion and Analysis, as well as under the heading “Risk Factors” in SmartCentres’ most recent annual information form. Although the forward-looking statements contained in this Press Release are based on what management believes to be reasonable assumptions, SmartCentres cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. These forward-looking statements are made as at the date of this Press Release and SmartCentres assumes no obligation to update or revise them to reflect new events or circumstances unless otherwise required by applicable securities legislation.

Contacts

For further information, please contact:
Peter Slan

Chief Financial Officer

(905) 326-6400 ext. 7571

pslan@smartcentres.com

Media inquiries (on behalf of the Independent Committee)

Peter Block

FGS Longview

peter.block@fgslongview.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of March. The distribution will be payable on April 8, 2026, to unitholders of record as at March 31, 2026.

About RioCan

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at December 31, 2025, our portfolio is comprised of 168 properties with an aggregate net leasable area of approximately 31 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan Real Estate Investment Trust

Investor Relations Inquiries

Email: ir@riocan.com

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, today announced that it has been recognized by Newsweek readers as one of the top climate-controlled storage providers in the U.S. in the publication’s 2026 Readers’ Choice rankings. Among the companies included on the list, SmartStop was the highest-ranked publicly traded self-storage provider, underscoring the strength of its brand, customer experience, and national platform.

The Newsweek Readers’ Choice Awards are based on consumer voting and reflect the opinions of customers who interact with storage providers across the U.S. SmartStop’s placement highlights growing brand awareness and reinforces the company’s reputation for delivering clean, secure, and well-maintained climate-controlled storage options in major markets throughout North America.

“Being recognized by Newsweek readers is especially meaningful because it reflects direct customer sentiment,” said H. Michael Schwartz, SmartStop’s Chairman and CEO. “This recognition affirms our commitment to providing a consistent, high-quality storage experience and positions SmartStop among the most trusted names in climate-controlled storage nationwide.”

The ranking serves as an independent validation of SmartStop’s continued focus on customer satisfaction, facility standards, and operational excellence across its North American portfolio. With a presence in major markets throughout the United States and Canada, the company has invested in modern storage environments designed to help protect customers’ belongings from extreme temperatures and humidity. As the highest-ranked public company on the list, SmartStop stands out for its ability to deliver a consistent experience at scale while continuing to grow its presence in key markets.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs and, through its Managed Platform, offers third-party management services in the U.S. and Canada. As of March 13, 2026, SmartStop has an owned or managed portfolio of over 460 operating properties in 35 states, the District of Columbia, and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 50 operating self-storage properties across four provinces in Canada, which total approximately 43,000 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

Investor Relations Contact:
David Corak

Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Media Relations Contact:
Spotlight Marketing Communications

949-427-5172

info@spotlightmc.com

TORONTO–(BUSINESS WIRE)–#ChoiceProperties–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it will be reporting first quarter 2026 results on Wednesday, April 29, 2026, after-market hours.

Management will host a conference call the next day on Thursday, April 30, 2026 at 9:00 AM (ET) with a simultaneous audio webcast. To access via teleconference please dial 1 (888) 330-2454 or 1 (240) 789-2714 and enter the event passcode: 4788974. The link to the audio webcast will be available on www.choicereit.ca/events-webcasts.

Choice Properties’ Annual Meeting of Unitholders will be held on Thursday, April 30, 2026 at 11:00 AM (ET) in a virtual meeting format via live webcast. Unitholders can attend the meeting by joining the live webcast online at https://meetings.lumiconnect.com/400-970-939-471. Refer to “How do I attend and participate in the virtual Meeting?” in the Management Proxy Circular which will be available to be viewed online at www.choicereit.ca or under Choice Properties’ SEDAR+ profile at www.sedarplus.ca as of March 31, 2026, for detailed instructions on how to attend and vote at the meeting. The webcast of the meeting will be archived on our website following the meeting. Please refer to the events & webcasts page at www.choicereit.ca for additional details on the virtual meeting.

About Choice Properties Real Estate Investment Trust

Choice Properties is Canada’s largest Real Estate Investment Trust, guided by a clear purpose: to create places where people thrive. This is how we build enduring value. As a national owner, operator, and developer of high-quality commercial and residential real estate, we go beyond managing assets. We create spaces that strengthen how tenants and communities live, work, and connect. Our strategy is grounded in industry leadership across sustainability, community engagement, and social impact, embedded throughout our business. Our core values of Care, Ownership, Respect and Excellence guide our actions and decisions, shaping how we operate, build, and grow.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Contacts

For more information:


Erin Johnston

Chief Financial Officer

Choice Properties REIT

(647) 294-8724

Erin.Johnston@choicereit.ca

TAMPA, Fla.–(BUSINESS WIRE)–Ram Realty Advisors (“Ram”), a real estate investment management firm specializing in multifamily, grocery-anchored retail, and mixed-use in select high-growth markets throughout the Southeast, today announced the acquisition of Beacon 430, a 327-unit apartment community located in Downtown St. Petersburg, Florida (Tampa MSA). The property was acquired by an affiliate of Ram Realty Partners VII.

The acquisition reflects Ram’s strategy of investing in well-located multifamily assets within infill urban markets where development constraints limit new supply. Developed in 2014, Beacon is a four-story, elevator-served residential community situated on a 4.3-acre site spanning two city blocks in the heart of Downtown St. Pete. The property provides a low-rise residential alternative with extensive outdoor amenities in a submarket where limited site availability and rising land costs increasingly favor high-rise development.

Downtown St. Pete has emerged as one of Florida’s most vibrant urban submarkets, supported by strong population growth, a diversified employment base, and a highly walkable waterfront environment. The property is within walking distance of several of the area’s largest employers, including Johns Hopkins All Children’s Hospital, Orlando Health Bayfront Hospital, and the University of South Florida St. Petersburg campus, as well as the Central Avenue retail and entertainment district and the city’s waterfront cultural attractions.

Ram plans to implement a targeted value-add program focused on operational enhancements, common area and amenity improvements, and select unit interior upgrades designed to further position the property within the market.

“Beacon stood out to us because of its scale, location, and ability to offer a different residential experience than much of the new product in Downtown St. Pete,” said Nate Wilson, Vice President of Multifamily Investments at Ram. “We believe targeted operational improvements and selective upgrades will further strengthen the property’s position within the market.”

“The Tampa Bay area has been a primary market for Ram for more than two decades,” said Casey Cummings, Chief Executive Officer of Ram. “We have been investing in this market since 2000 and continue to see strong long-term fundamentals in Downtown St. Pete. Beacon represents another opportunity to expand our footprint in a market we know well.”

About Ram

Ram Realty Advisors LLC is a real estate investment management firm specializing in multifamily, grocery-anchored retail, and mixed-use in select high-growth markets throughout the Southeast. The firm’s portfolio comprises assets across the investment risk spectrum, including core-plus, value-add, and opportunistic strategies. Founded in 1978, Ram and its predecessor entities have deployed over $5.0 billion of capital on behalf of institutional partners. The firm is headquartered in Palm Beach Gardens, Florida, and has offices in Tampa, Florida; Charlotte and Chapel Hill, North Carolina; and Nashville, Tennessee. www.ramrealestate.com

Contacts

Kaylee McCall Correa

Ram Realty Advisors

kmccall@ramrealestate.com
(954) 232-5573

LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the opening of a new Class A self-storage facility in Toronto, Ontario. The property represents SmartStop’s 50th self-storage location in Canada, marking a significant milestone in the company’s continued expansion across the country. With this opening, SmartStop further strengthens its position as the largest self-storage operator in the Greater Toronto Area.

Situated at 1983 Kipling Avenue, the property is a five-story, Class A building encompassing roughly 90,300 net rentable square feet of climate-controlled self storage. Built with customer convenience in mind, the facility includes multiple elevators, spacious interior loading areas, advanced security features, and a contemporary architectural aesthetic. With direct connectivity to Highway 401 along a heavily trafficked corridor, the site benefits from a trade area approaching 600,000 residents, reinforcing robust demand for premium self storage throughout the Greater Toronto Area.

“The opening of our 50th property in Canada represents a significant milestone for SmartStop and reflects the strength and scale of our Canadian platform,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “Canada continues to be a key growth market for us, and this Toronto location exemplifies our focus on delivering institutional-quality facilities in premier urban locations. We are proud to reach this milestone and remain committed to meeting the evolving storage needs of residents and businesses across the country.”

The facility will serve customers throughout Toronto and surrounding communities, including Rexdale, Mississauga, Brampton, Vaughan, Woodbridge, and North York, providing modern storage solutions in one of the Greater Toronto Area’s most dynamic and densely populated corridors.

About SmartStop Self Storage REIT, Inc. (SmartStop):

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs and, through its Managed Platform, offers third-party management services in the U.S. and Canada. As of March 11, 2026, SmartStop has an owned or managed portfolio of over 460 operating properties in 35 states, the District of Columbia, and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 50 operating self-storage properties across four provinces in Canada, which total approximately 43,000 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.

Contacts

Investor Relations Contact:
David Corak

Senior VP of Corporate Finance and Strategy

SmartStop Self Storage REIT, Inc.

IR@smartstop.com

Media Relations Contact:
Spotlight Marketing Communications

949-427-5172

info@spotlightmc.com