Sep
18
National Storage JV to Acquire $630M Portfolio
ByThe deal involves some 4 million to 5 million square feet of rentable space in more than 36,000 storage units across 12 states.
Arlen Nordhagen, National Storage
Denver—National Storage Affiliates Trust, a Greenwood Village, Colo.-based REIT, has formed a joint venture with a major state pension fund advised by Heitman Capital Management LLC to acquire the 66-property portfolio of iStorage for approximately $630 million.
The portfolio contains about 4.5 million square feet of rentable space in over 36,000 storage units across 12 states and 24 markets. The portfolio is 86 percent occupied and will add four new states–New Jersey, Ohio, Pennsylvania and Virginia–to NSA’s holdings as well as provide significant growth in NSA’s top markets such as Florida and California…
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies