HomeBriefs

Brief

Public Storage to Buy National Storage Affiliates in Deal Valued at $10.5B

Self-storage facilities operator Public Storage is buying National Storage Affiliates (NSA), a prominent self-storage property owner, in an all-stock deal valued at $10.5 billion, the company announce

Public Storage to Buy National Storage Affiliates in Deal Valued at $10.5B
Photo: Commercial Observer

Summary

Self-storage facilities operator Public Storage is buying National Storage Affiliates (NSA), a prominent self-storage property owner, in an all-stock deal valued at $10.

5 billion, the company announced Monday.

As part of the major deal, Public Storage will acquire more than 1,000 properties, 69 million rentable square feet, and 550,000 units across 37 states and Puerto […]

Source