SmartStop Self Storage REIT Acquires Strategic Storage Growth Trust II

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

July 24, 2023

Real Estate

Public Storage agreed to acquire Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion. The deal includes 127 wholly-owned properties totaling ~9 million net rentable square feet across 18 states (predominantly Sunbelt markets) and is expected to close in the third quarter of 2023.

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.

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.

WillScot Mobile Mini Acquires Storstac Inc.

April 11, 2022

Real Estate

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) has closed the acquisition of Canadian storage services provider Storstac Inc., funded with cash on hand and borrowings under its revolving credit facility. The purchase adds more than 1,100 storage units to WillScot Mobile Mini's footprint in the greater Toronto area and strengthens its rental operations and local capabilities.

Independence Realty Trust Merges with Steadfast Apartment REIT

December 15, 2021

Real Estate

Independence Realty Trust (IRT) and Steadfast Apartment REIT (STAR) completed a strategic merger creating a combined public multifamily REIT retaining the Independence Realty Trust name and headquartered in Philadelphia. The combined company had an equity market capitalization of approximately $5.6 billion and an enterprise value of approximately $8.3 billion as of December 15, 2021; the companies expect about $28 million of annual synergies and identified nine non-core assets to sell to optimize the portfolio.

American Trailer Rental Group Acquires Arizona Storage Rental

January 4, 2021

Trucking & Fleet

American Trailer Rental Group (ATRG), a Milton Street Capital-backed platform, has acquired Arizona Storage Rental (ASR), adding three Arizona locations (Phoenix, Flagstaff, Tucson) and roughly 3,000 rental units to ATRG’s fleet. The deal is an add-on acquisition to expand ATRG’s geographic footprint in the U.S. Southwest and grow its national trailer rental and storage platform.