0 completed sales; 0 losses or impairments; 0 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.
Completed sales 0Losses or impairments 0·Counted Programs 0
No documented loss found in searched sources as of Sep 14, 2026.
Programs found in SEC fundraising filings (Form D)
Blue Door Property I, DSTFirst filed 2024Equity raise only just completed (~$29M fully subscribed November 24, 2025) per BusinessWire/Blue Door AM I announcements; the three-property Spartanburg County SC self-storage portfolio is held by a newly formed DST under SmartStop affiliate Blue Door AM I with no disposition or 721 news yet; SEC EDGAR shows only the original Sept 27, 2024 Form D with no 8-K, 3C/3D, or sale notice, so a full cycle at typical 5–10 year hold is not feasible yet. Source ↗
Blue Door Property II, DSTSelf-storage·Multi-state (2)SEC filing, Aug 4, 2025
$64.8M
—Filed Aug 4, 2025
Chapter 4
Who is behind this record?
Blue Door AM I, LLC sponsors Delaware statutory trusts that own U.S. self-storage real estate, and sponsor releases describe it as an indirect subsidiary of Strategic Storage Growth Trust III, Inc. and an affiliate of SmartStop Self Storage REIT, Inc. (NYSE: SMA). A Form D filed in September 2024 named the firm as sponsor of its first trust, Blue Door Property I, DST, whose $29 million all-cash offering was announced fully subscribed on November 24, 2025. A December 2, 2025 sponsor release reported three Delaware statutory trusts owning eight U.S. operating properties totaling approximately 5,420 units and 697,400 net rentable square feet.
Sponsor-stated figures are as reported by the sponsor.Sources: Business Wire · sec.gov
Platform and ownership
Blue Door AM I, LLC sponsors Delaware statutory trusts that hold U.S. self-storage properties13. Sponsor releases identify the firm as an indirect subsidiary of Strategic Storage Growth Trust III, Inc. (SSGT III) and an affiliate of SmartStop Self Storage REIT, Inc. (NYSE: SMA)1. A December 2, 2025 sponsor release reported that Blue Door AM I was sponsor of three Delaware statutory trusts owning eight U.S. operating properties totaling approximately 5,420 units and 697,400 net rentable square feet3. On July 14, 2026, SSGT III and Strategic Storage Trust VI, Inc. announced a board-approved definitive all-stock merger agreement that remained subject to SSGT III stockholder approval and customary closing conditions6.
Program record
Blue Door Property I, DST. A Form D filed September 27, 2024 identified Blue Door AM I, LLC as sponsor of the trust2. The sponsor announced on November 24, 2025 that the trust's $29 million all-cash self-storage offering had been fully subscribed4.
Blue Door Property II, DST. A July 15, 2025 sponsor release announced the launch of an approximately $64.8 million offering of three debt-free self-storage properties in Orlando, Florida, and Pasadena and Corinth, Texas1. A Form D filed August 4, 2025 named Blue Door AM I, LLC as sponsor of the Delaware statutory trust and reported a $64,766,336 total offering amount5.
Blue Door Property III, DST. A December 2, 2025 sponsor release announced the launch of an approximately $28.4 million equity offering carrying approximately $24.2 million of non-recourse debt, an estimated 46% loan-to-value3.
SmartStop's Blue Door AM I Debuts Three-Property $28.4M DST OfferingAltsWire coverage of Blue Door Property III, DST launch — leveraging ~$24.2M non-recourse debt across Orlando FL, Dallas TX and Phoenix AZ; references that Blue Door Property I, DST had been fully subscribed (raised $29.75M) and references Blue Door II launch earlier in 2025.
SmartStop unit launches $28.4M leveraged self-storage DSTStock-titan coverage of Blue Door Property III, DST — leveraged 506(c) offering targeting $28.4M equity with ~$24.2M non-recourse debt (~46% LTV) across three Sunbelt self-storage sites in Orlando FL, Dallas TX and Phoenix AZ.
SmartStop Affiliate Launches $64.8 Million Self-Storage DST OfferingAltsWire coverage of Blue Door Property II, DST launch — a $64.8M, debt-free, 506(c) Delaware Statutory Trust opportunity for accredited 1031-exchange investors sponsored by Blue Door AM I, a SmartStop affiliate.
Blue Door AM I Announces Launch of $64.8 Million DST OfferingBlue Door Property II, DST launched by Blue Door AM I, LLC (SSGT III sub / SmartStop affiliate) as a debt-free 1031-eligible DST targeting $64.8M equity across three properties: Orlando FL (680 units), Pasadena TX (840 units), Corinth TX (770 units).
Blue Door Property I DST: Lawsuit InvestigationSecurities-law firm profile confirms Blue Door Property I, DST is a Delaware Statutory Trust created by Blue Door AM I, LLC offered to investors as a 1031 exchange option in 2024, and is currently the subject of investor lawsuit investigations.
SmartStop Self Storage REIT, Inc. Reports Second Quarter 2026 ResultsThe release reports that SSGT III announced an agreement and plan of merger with SST VI, providing sponsor-level context for the SmartStop/SSGT III affiliate behind Blue Door AM I, but it does not name Blue Door Property III.
SmartStop-Affiliated Nontraded Self-Storage REITs to Combine in All-Stock MergerReports that Strategic Storage Trust VI and Strategic Storage Growth Trust III will combine in an all-stock merger; Blue Door AM I (sponsor of Blue Door III DST) sits underneath SSGT III, making this a direct sponsor-level event for the trust.
SmartStop Self Storage REIT, Inc. Reports First Quarter 2026 ResultsSmartStop reported Q1 2026 results (net income ~$9.6M, total self-storage revenue ~$64.8M, owned/managed portfolio ~460 properties in 35 states+DC+Canada), providing sponsor-level context for Blue Door AM I's DST platform including Blue Door III.
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