National Storage Affiliates Trust

Investments

We benefit from a multi-faceted external growth strategy, which includes the addition of new PRO’s, third party and captive pipeline acquisitions, and acquisitions with joint venture partners. This unique strategy has been and will continue to be a key differentiator in delivering outsized growth, all the while maintaining our disciplined and diligent underwriting standards. We are committed to making accretive acquisitions, not just grow for growth’s sake.

Multi-Faceted Acquisition Strategy Drives Growth:

September 2020


2019 Acquisitions

2019 Acquisitions

  • Added new PROs: Two new PROs joined NSA in 2019: Southern Self Storage of Palm Beach Gardens, FL and Moove In Self Storage of York, PA, for an initial combined contribution of approximately 13 facilities valued at approximately $85.5 million dollars.
  • Captive pipeline acquisitions1: NSA acquired 6 facilities from its captive pipeline totaling $45.9 million
  • Third party acquisitions: NSA acquired 50 facilities from third parties totaling $316.5 million
  • JV acquisitions: NSA did not make any JV acquisitions in 2019.

1. We consider a property to be in our captive pipeline if it (i) is under a management service agreement with one of our PROs, (ii) meets our property quality criteria, and (iii) is either required to be offered to us under the applicable facilities portfolio management agreement or a PRO has a reasonable basis to believe that the controlling owner of the property intends to sell the property in the next seven years.

Interested in learning more about becoming a PRO or selling your property to NSA for OP units or cash? Contact Russell Brown to receive information:

Russell Brown

Russell Brown
Senior Vice President – Acquisitions

Phone (720) 630-2169

Email Russell

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