National Storage Affiliates Trust

About

National Storage Affiliates

National Storage Affiliates is a self-administered, self-managed real estate investment trust, dedicated to the ownership, operation and acquisition of self storage facilities. Through ongoing contributions from its Participating Regional Operators ("PROs"), third party acquisitions and joint venture partnerships, as of March 31, 2023, NSA currently holds ownership interests in and operates 1,117 self storage properties located in 42 states + Puerto Rico with approximately 72.8 million rentable square feet. NSA is one of the largest owners and operators of self storage facilities among public and private companies in the U.S.

1,117

Self Storage Properties

42

STATES IN THE US + Puerto Rico

~72.8 MILLION

Rentable Square Feet

NSA is focused on growing through the integration of best-in-class regional operators with self storage properties located in markets with strong fundamentals in the top 100 MSAs throughout the United States. NSA’s differentiated strategy was designed to facilitate outperformance over the long-term.

Innovative Structure

NSA’s PRO structure incentivizes private self storage operators to join NSA thereby facilitating robust portfolio growth, shared operating expenses and the realization of meaningful scale benefits.

Differentiated Market Exposure

Approximately two-thirds of NSA’s properties are located outside of the top 20 MSAs. In the most recent development cycle, new development was largely concentrated in the top MSAs.

Multi-Faceted External Growth Strategy

Since NSA’s IPO in 2015, the Company has grown its portfolio at a rapid pace. The Company has achieved this robust growth through:

  1. Adding new PROs
  2. Captive pipeline acquisitions
  3. Third party acquisitions
  4. Strategic joint ventures

NSA Properties

Company History

Arlen Nordhagen co-founded SecurCare Self Storage in 1988 to invest in and manage self storage properties. In 2007, SecurCare raised $100M of institutional capital to expand the platform. Mr. Nordhagen subsequently recognized a market opportunity for a differentiated public self storage REIT that would leverage the benefits of national scale by integrating multiple experienced regional operators with local operational focus and expertise. Mr. Nordhagen’s vision culminated in the formation of NSA in 2013 by three founding PROs (SecurCare, Northwest and Optivest).

PRO Formation and Institutionalization

1973

Move It predecessor founded

1977

Northwest and Hide-Away founded

1982

Personal Mini predecessor founded

1985

Southern Self Storage founded

1988

SecurCare founded

1989

Storage Solutions founded

1998

Moove In founded

1999

Guardian founded

2007

Optivest founded

2007

Raised initial institutional capital through SecurCare predecessor

NSA Formation and Growth

2012

Agreement in principle reached by three founding PROs: SecurCare, Northwest and Optivest

2013

NSA formed

2014

4th PRO: Guardian

5th PRO: Move It

2015

6th PRO: Storage Solutions

Successful IPO

2016

7th PRO: Hide-Away

JV formation / iStorage acquisition

2017

8th PRO: Personal Mini Storage

2018

JV Formation / Simply Self Storage portfolio acquisition

2019

9th PRO: Southern Self Storage

10th PRO: Moove In Self Storage

2020

Internalization of PRO: SecurCare

Tamara Fischer becomes CEO

New PRO: Blue Sky Self Storage

2021

Record acquisition volume: $2.2 billion

2022

PRO Retirement: Northwest Self Storage

2023

PRO Retirement: Move It Self Storage

David Cramer becomes CEO

Leadership

NSA has an experienced management team with over 100 years of combined industry experience.

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Our Latest Press Release

National Storage Affiliates Trust Announces Quarterly Dividends

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National Storage Affiliates Trust