Public Storage Acquires Simply Self Storage from BREIT for $2.2 Billion

Public Storage Acquires ezStorage for $1.8 Billion

April 13, 2021

Real Estate

Public Storage (NYSE: PSA) acquired ezStorage’s 48-property self-storage portfolio for $1.8 billion, adding approximately 4.2 million net rentable square feet across Washington, D.C., Virginia and Maryland. The transaction expands Public Storage’s Mid‑Atlantic coverage and was funded with unsecured debt; the company indicated the deal would be immediately accretive to FFO with an anticipated closing in May 2021.

SmartStop Self Storage REIT Acquires Strategic Storage Growth Trust II

June 1, 2022

Real Estate

SmartStop Self Storage REIT, Inc. completed a stock-for-stock merger to acquire Strategic Storage Growth Trust II, Inc., valuing SSGT II's real estate portfolio at approximately $280 million. The transaction adds 10 wholly-owned operating self storage facilities (about 8,500 units and ~900,000 rentable sq ft) to SmartStop's portfolio, creating a combined portfolio of 152 properties (~11.7 million rentable sq ft and 102,000 units) and delivering expected scale benefits and expense efficiencies.

Blackstone Funds Complete $12.8 Billion Acquisition of American Campus Communities

August 9, 2022

Real Estate

Blackstone’s Core+ perpetual capital vehicles — primarily Blackstone Real Estate Income Trust (BREIT) and Blackstone Property Partners (BPP) — have completed the acquisition of all outstanding common shares of American Campus Communities (ACC) for approximately $12.8 billion, including assumption of debt. The acquisition gives Blackstone significant exposure to the U.S. student housing sector and will allow ACC to invest in existing assets and develop new student housing in university markets.

Blackstone Acquires PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate completed the acquisition of all outstanding shares of PS Business Parks, Inc. for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion. The deal brings PSB's portfolio—93 properties serving ~4,800 tenants across ~27 million square feet (plus ~800 residential units)—into Blackstone's real estate platform (operated via Link Logistics), expanding its industrial/industrial-flex and suburban office footprint.

StorageMart Acquires 15 New York City Self-Storage Facilities from Carlyle Group

January 29, 2026

Real Estate

StorageMart has acquired a 15-property self-storage portfolio in New York City from the Carlyle Group in a transaction valued at about $1 billion. The portfolio comprises roughly 1.3 million square feet, 25,498 storage units and 121 parking spaces; StorageMart said the deal reinforces its long-term commitment to New York City and expands its local footprint.

Extra Space Storage Acquires Storage Express for $590M

September 16, 2022

Real Estate

Extra Space Storage (NYSE: EXR) completed the acquisition of multiple entities doing business as Storage Express—adding 107 remote-managed self-storage properties across Indiana, Ohio, Illinois and Kentucky—for approximately $590.0 million. The deal also included the purchase of the E-Tracker operating software platform and adds 14 future development sites; Storage Express founder Jefferson Shreve was appointed to Extra Space's board following the transaction.